OregonRelating to the estate tax; prescribing an effective date.
What it does
Converts the $1 million exclusion for an estate subject to tax to a deduction of $2.5 million. Phases in the tax above the deduction. Raises the filing threshold for an estate tax return.
More detail
Adjusts the deduction and filing threshold for inflation. Adjusts estate tax rates. Applies to the estates of decedents dying on or after January 1, 2027. Takes effect on the 91st day following adjournment sine die.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 7In committee upon adjournment.Latest
- Mar 2Public Hearing held.
- Mar 2Informational Meeting held.
- Feb 25Referred to Revenue.Minor
- Vote recorded Third reading. Carried by Broadman. Passed. Result: pass.Upper
- Feb 25First reading. Referred to Speaker's desk.Minor
- Feb 25Third reading. Carried by Broadman. Passed.Passed Senate
- Feb 23Second reading.Minor
- Feb 20Recommendation: Do pass with amendments. (Printed A-Eng.)Minor
- Feb 18Work Session held.
- Vote recorded Heard and Reported Out with Amendments. Result: pass.Upper
- Feb 11Public Hearing held.
- Feb 2Referred to Finance and Revenue.Minor
- Feb 2Introduction and first reading. Referred to President's desk.Introduced