Corporation tax initiative will have opponents
Voters may have the chance to repeal corporate loopholes in what could be an epic and expensive ballot measure fight next year. The measure, submitted last week by a liberal taxpayer advocate and a pair of labor groups, seeks to reverse three corporate tax breaks before they take full effect at more than $2.5 billion a year. Lawmakers agreed to the loopholes as part of budget agreements last fall and in secret negotiations in February.