OR HB2301 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Revenue.
Pending: House Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Revenue.
Pending: House Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
The Act sets the estate tax exclusion amount at $7 million and imposes the tax at a flat rate of seven percent. (Flesch Readability Score: 61.4). Allows an additional estate tax exclusion of $7 million. Imposes tax at a flat rate of seven percent. Applies to estates of decedents who die on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.
Title
Relating to estate tax; prescribing an effective date.
Sponsors
| Rep. Kevin Mannix [R] | Rep. Ed Diehl [R] | Rep. Bobby Levy [R] | Rep. Werner Reschke [R] |
| Rep. Mark Owens [R] | Rep. Boomer Wright [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-17 | House | Referred to Revenue. |
| 2025-01-13 | House | First reading. Referred to Speaker's desk. |
