Initiative Petition 17 Now Known Officially as Measure 118 on the November Ballot
We previously mentioned that Initiative Petition 17 would soon receive a ballot measure number. That has happened and Initiative Petition 17 is now officially known as Measure 118 as an official measure on your November ballot.
A broad, bipartisan coalition representing hundreds of large and small businesses, consumers, taxpayers and leading organizations from across Oregon, including the Bend Chamber, are formally opposing this costly ballot proposal to create a $6.8 Billion tax on sales in Oregon.
If passed by Oregon voters, Measure 118 would impose a 3% tax on a corporation’s annual gross sales over $25 million.
The measure is essentially a gross receipts tax on sales, not profits—and businesses would be forced to pay regardless of whether they were making a large profit, a small profit, or were losing money. Even worse, the tax on sales would be passed through to smaller businesses and ultimately to consumers.
For our members in Central Oregon interested in learning more about the impacts of Measure 118 and how to get involved to defeat this costly tax, join us on September 17 for our What’s Brewing event. Learn more and register below.
For those looking to join the growing coalition of opponents to Measure 118, click the button below.
