OR SB648 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
The Act would match the estate tax exemption to the federal amount. (Flesch Readability Score: 67.7). Provides that, for the estates of decedents dying on or after January 1, 2026, Oregon estate tax is not due unless the value of the Oregon taxable estate exceeds $13.61 million. Raises the threshold for the filing of an estate tax return to a gross estate valued at more than $13.61 million. Takes effect on the 91st day following adjournment sine die.
Title
Relating to conforming estate tax to federal basic exclusion amount; prescribing an effective date.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-17 | Senate | Referred to Finance and Revenue. |
| 2025-01-13 | Senate | Introduction and first reading. Referred to President's desk. |
