DALLAS, Nov. 9, 2016 /PRNewswire/ -- This election cycle had many individuals seeking office and quite a number of ballot issues that occupied voters' attention. We'll update you on some of the other ballot initiatives that occurred, but right now, our focus is on Oregon. The state of Oregon had Ballot Measure 97 ("Measure 97") which had the potential to dramatically change the Oregon tax landscape. If passed, Measure 97 would have imposed a levy of 2.5% tax on C corporations' gross annual Oregon sales above $25 million. In short, it looked to change how the state's minimum tax is assessed by raising the minimum tax from $30,000 to $30,001 plus 2.5% of all Oregon sales in excess of $25 million. Those who favored the measure argued that it would provide a much needed influx of funding for education, healthcare, and services for senior citizens. Opponents argued that the tax would have a disastrous impact on Oregon businesses, particularly those who sell in high volumes at low profit margins because it requires businesses that make no profit to pay a gross receipts tax. This was hotly contested, but in the end, Oregon voters defeated the measure. About Ryan Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
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