Election results: State ballot initiatives and tax proposals

State ballot initiatives and tax proposals

The electorate in certain U.S. states yesterday considered and voted on state ballot initiatives that could have implications for business and individual taxpayers.

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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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