OREGON PEOPLE'S REBATE
WHAT IS IT?
The Oregon People’s Rebate (2020) is a proposed initiative petition for the November 2020 election that will rebate about $750 to every Oregonian.
That money will go in the pockets of anyone who is a resident of Oregon, regardless of age or income level.
$750 is an estimate; about 4 million Oregonians will share an equal part of the estimated $3 billion in the revenue generated.
HOW DOES IT WORK?
Revenue is generated by increasing the minimum income tax of the largest corporations doing business in Oregon to 2.5%
Only huge corporations will be subject to this new minimum. If a business earns more than $25 million per year (over $68,493 per day) in Oregon sales, the new tax will be applied. Smaller businesses will not be affected.
Currently, the minimum income tax for these corporations is less than 0.12%.