Oregon Measure 16, Tax Credits for Former Nuclear Weapons Manufacturers Initiative (1986)
| Oregon Measure 16 | |
|---|---|
| Election date |
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| Topic Business regulations and Nuclear weapons and missiles policy |
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| Status |
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| Type Initiated state statute |
Origin |
Oregon Measure 16 was on the ballot as an initiated state statute in Oregon on November 4, 1986. It was defeated.
A "yes" vote supported providing tax credits to nuclear weapons manufacturers transitioning to producing consumer commodities and penalizing nuclear weapons firms that did not transition after 1990. |
A "no" vote opposed providing tax credits to nuclear weapons manufacturers transitioning to producing consumer commodities and penalizing nuclear weapons firms that did not transition after 1990. |
Election results
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Oregon Measure 16 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 400,119 | 40.37% | ||
| 590,971 | 59.63% | |||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Measure 16 was as follows:
| “ | PHASES OUT NUCLEAR WEAPONS MANUFACTURE WITH TAX CREDITS, CIVIL PENALTY QUESTION - Shall nuclear weapons manufacturers changing to consumer production receive tax credits, nuclear weapons production subjected to civil penalty starting 1990? EXPLANATION - Proposed law creates tax credits for businesses retraining employes or making capital investments to change from making nuclear weapons or parts to making consumer products. Tax credit is the lesser of 30% of the certified conversion costs or all tax liability for three successive years. Manufacture of nuclear weapons or parts prohibited and subject to civil penalty (maximum $5,000 per day) beginning 1990, but contracts in effect before this Act passes could be completed. ESTIMATE OF FINANCIAL EFFECT: Passage of this measure will decrease income tax (corporate and personal) revenue beginning with tax year 1987, but the major impact is not likely until 1990. It is impossible to develop an accurate estimate o f the revenue decrease. A tax credit is subtracted from the computed tax liability. The number of persons or firms that will use this credit and the amount of their conversion expenditures are not known at this time. A subjective estimate of the range of Oregon’s income tax revenue decrease is between $500,000 and $1 million. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
An initiated state statute is a citizen-initiated ballot measure that amends state statute. There are 21 states that allow citizens to initiate state statutes, including 14 that provide for direct initiatives and nine (9) that provide for indirect initiatives (two provide for both). An indirect initiated state statute goes to the legislature after a successful signature drive. The legislatures in these states have the option of approving the initiative itself, rather than the initiative appearing on the ballot.
In Oregon, the number of signatures required for an initiated state statute is equal to 6% of the votes cast in the last gubernatorial election. A simple majority vote is required for voter approval.
See also
External links
Footnotes
State of Oregon Salem (capital) | |
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