A Replace the Sales Tax with a Corporate Franchise Tax, Initiative 435
ballot proposition was on the November 2, 1982 ballot
in the State of Washington
as an Initiative to the People
, where it was defeated.
| Initiative 435|
|Yes|| 453,221|| 33.76%|
Text of measure
The question asked on the ballot was, "Shall corporate franchise taxes, measured by net income, replace sales taxes on food and state corporate business and occupation taxes?"
Path to the ballot
I-435 was filed on April 12, 1982 by Dr. James A. McDermott. 250,285 signatures were collected to qualify it for the ballot.