The electorate in certain U.S. states yesterday considered and voted on state ballot initiatives that could have implications for business and individual taxpayers.
The following table briefly sets out some of the proposed state ballot initiatives and the election day results.
|State||Ballot initiative||Results of vote|
|Oregon||Gross receipts minimum tax, increase for large corporations||Failed|
|Louisiana||Elimination of the state-level deduction for federal corporate income taxes paid by businesses||Failed|
|Oklahoma||Sales and use tax, rate increase by 1%||Failed|
|Washington State||Carbon emissions tax||Failed|
|Missouri||Ban on imposing new sales or use taxes on services||Approved|
|California||Extension of temporary higher individual (personal) income tax rates through 2030||Approved|
|Maine||3% tax increase on individual income above $200,000||Not yet called|
Read a November 2016 report [PDF 58 KB] prepared by KPMG LLP: Multistate: Ballot Initiative Round-Up
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