Oregon Measure 1, Revision of Personal and Corporate Income Taxes Referendum (October 1963)
| Oregon Measure 1 | |
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| Election date |
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| Topic Taxes |
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| Status |
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| Type Veto referendum |
Origin |
Oregon Measure 1 was on the ballot as a veto referendum in Oregon on October 15, 1963. It was defeated.
A "yes" vote supported revising the state’s personal and corporate income taxes by abolishing federal tax deductions, lowering personal income tax rates, providing a minimum tax, and increasing corporate income tax rates. |
A "no" vote opposed revising the state’s personal and corporate income taxes by abolishing federal tax deductions, lowering personal income tax rates, providing a minimum tax, and increasing corporate income tax rates. |
Election results
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Oregon Measure 1 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 103,737 | 22.23% | ||
| 362,845 | 77.77% | |||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Measure 1 was as follows:
| “ | PERSONAL AND CORPORATION INCOME TAX BILL - Purpose: To increase state revenues. Abolishes federal tax deduction. Lowers personal tax rates. Provides minimum tax. Increases corporation rates. Effective on or after January 1, 1963. ESTIMATE OF FINANCIAL EFFECTS: If Ballot Measure 1 (Chapter 627, Oregon Laws 1963) is approved by the voters, it is estimated that the increase in state revenue over that which would be provided by existing law from personal income taxes will amount to about $24,750,000 per year or $49,500,000 for the biennium and the increase from corporate excise taxes on income will amount to about $350,000 per year or $700,000 for the biennium, based on present levels of income. The Ballot Measure also authorizes a possible "speed-up" of personal income tax payments withheld by employers that would permit an increase in 1963-1965 revenues by $14,000,000, without increasing the tax liability of the personal income tax payer. If Ballot Measure 1 is defeated, expenditures in the 1963-1965 biennium will need to be reduced by approximately $60 million below the level of appropriations made by the 1963 Legislature, or other revenues must be sought, or some combination of revenue increase and expenditure reduction totaling approximately $60 million must be made in accord with the requirements of Article IX and XI of the Constitution of Oregon. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
The number of signatures required for a veto referendum was equal to 5% of the total votes cast in the last Supreme Court justice election.
See also
External links
Footnotes
State of Oregon Salem (capital) | |
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