Measure 97 – A Very PERSonal Sales Tax
In November, voters will be asked to raise taxes on C Corporations, those taxed separately from its owners. Measure 97 would tax corporations 2.5{0c2d428c3cefef4a77c472786cabf3d957ca1c1fde265c02f19cd1ec2d7db907} of gross sales over $25 million. The measure would increase the state’s annual revenue by one-third, from approximately $9 billion to an estimated $12 billion. Measure 97 was designed as a revenue “cure” for Oregon’s state budget public pension/PERS shortfall.
