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Oregon gross receipts tax will be considered by voters in November

The Oregon secretary of state on June 6 qualified Initiative Petition (IP) 28, entitled A Better Oregon VI, for placement on the Nov. 8 Oregon general election ballot. If IP 28 is approved by voters, C corporations with Oregon sales of more than $25 million would be subject to a minimum tax of $30,001 plus 2.5% of the excess over $25 million. C corporations currently pay a minimum tax based on Oregon sales, but that tax is capped at $100,000.

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