Oregon Tax Expenditures Limits Initiative (2012)

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A Oregon Tax Expenditures Limits Initiative, also known as Initiative 40 and 41, did not make the November 6, 2012 statewide ballot as an initiated constitutional amendment.

Text of measure

The official ballot title was:[1]

Amends Constitution: Limits Oregon "tax expenditures" (defined) to amount of General Fund, with exceptions; prioritizes designated expenditures.

Result of "Yes" Vote: "Yes" vote limits Oregon "tax expenditures" (defined) to amount of General Fund each biennium, with exceptions; prioritizes expenditures benefiting "low and middle income Oregonians" (defined)

Result of "No" Vote: "No" vote maintains the constitutional provision in its current form, which does not reference or restrict the amount of tax expenditures allowable under Oregon law.

Summary: Amends constitution. Currently, Article IX of the Oregon Constitution does not reference or restrict the amount of tax expenditures allowable under Oregon law. Measure adds a section to limit tax expenditures to the amount of the biennial General Fund budget. Defines "tax expenditure," by reference to existing law, as law that exempts persons, income, goods, services, or property from impact of taxes. Excludes designated tax expenditures from calculation of aggregate total of tax expenditures. Requires legislature to create and apply "means test" (undefined) to designated tax expenditures to prioritize benefit to "low and middle income Oregonians" (undefined). For all other tax expenditures, requires legislature to prioritize tax expenditures that benefit "low and middle income Oregonians" directly or through nonprofit organizations. Takes effect July 1, 2013.

Path to the ballot

See also: Oregon signature requirements

In order to qualify for the ballot, supporters were required to collect a minimum of 116,283 valid signatures by July 6, 2012.

See also

External links