The Oregon Rebate is ballot initiative for the 2024 election that will rebate about $750 to every Oregonian (including children and all other Oregonians) every year; after increasing the minimum tax rate for the biggest corporations doing business in Oregon.
Today, the minimum corporate tax rate after $25 million of Oregon revenue is less than 1%, and the Oregon Rebate proposes to increase this rate to 3%.
The new revenue will be rebated directly to all Oregonians, anyone who’s been an Oregonian more than 200 days of the previous year, regardless of age, income, or any other status.
The Oregon Rebate is qualifying for the November 2024 election.