Initiative Petition 28 — Changing the Oregon Corporate Excise Minimum Tax
Justin Hobson and Lewis Horowitz co-authored an article in the August 2016 edition of the Journal of Multistate Taxation and Incentives titled “Initiative Petition 28 — Changing the Oregon Corporate Excise Minimum Tax.” Hobson and Horowitz discuss IP28 and the effect it would make on businesses operating in Oregon.
Oregonians will soon vote on the latest voter-initiated tax increase—Initiative Petition 28 (IP28) — that would dramatically increase the tax burden on some businesses operating in the state. The lobby group “A Better Oregon” has proposed increasing the state corporate minimum tax for corporations that have more than $25 million of annual gross receipts from Oregon sales. The proposed minimum tax would be imposed if greater than the corporate excise tax that would otherwise apply.