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Oregon Measure 66, Income Tax Increase Referendum (January 2010)

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Oregon Measure 66

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Election date

January 26, 2010

Topic
Taxes
Status

ApprovedApproved

Type
Veto referendum
Origin

Citizens



Oregon Measure 66 was on the ballot as a veto referendum in Oregon on January 26, 2010. It was approved.

A "yes" vote supported increasing taxes on incomes at and above $250,000 for households and $125,000 for individual filers.

A "no" vote opposed increasing taxes on incomes at and above $250,000 for households and $125,000 for individual filers.


Election results

Oregon Measure 66

Result Votes Percentage

Approved Yes

692,687 54.27%
No 583,707 45.73%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Measure 66 was as follows:

Raises tax on household income at and above $250,000 (and $125,000 for individual filers). Reduces income taxes on unemployment benefits in 2009. Provides funds currently budgeted for education, health care, public safety, other services

Ballot summary

The ballot summary for this measure was:

Under current law, a marginal tax rate of 9% applies to taxable household income over $15,200 (or $7,600 for individual filers), taxpayers may deduct federal income taxes paid, and unemployment compensation is taxable. Measure eliminates income taxes on first $2,400 of unemployment benefits received in 2009. For tax years 2009-2011, the measure increases tax rate 1.8 percentage points on amount of household income between $250,000 and $500,000, by 2 percentage points on amount above $500,000 (for individual filers, rate increases begin at $125,000 and $250,000, respectively). For the tax year beginning 2012, the tax rate for households with income above $250,000 (above $125,000 for single filers) will drop to 9.9%. Measure does not increase tax rate on household income below $250,000 (below $125,000 for individual filers). For households with adjusted gross income at or above $250,000 (or $125,000 for individual filers), reduces federal income tax deduction. Raises $472 million to provide funds currently budgeted for education, health care, public safety, other services. Because some state money brings in federal matching funds, Oregon will likely receive more federal money if measure passes than if it fails. Other provisions.

Full Text

The full text of this measure is available here.


Path to the ballot

See also: Signature requirements for ballot measures in Oregon

A veto referendum is a citizen-initiated ballot measure that asks voters whether to uphold or repeal an enacted law. This type of ballot measure is also called statute referendum, popular referendum, people's veto, or citizen's veto. There are 23 states that allow citizens to initiate veto referendums.

In Oregon, the number of signatures required for a veto referendum is equal to 4% of the votes cast in the last gubernatorial election. A simple majority vote is required for voter approval.

See also


External links

Footnotes