OregonRelating to estate tax; and prescribing an effective date.
What it does
Modifies the exemption from taxable estate for the value of natural resource property as applicable to forestland. Limits the exemption to small forestland owners and allows an exemption based on active management appropriate for the current phase of the forest management cycle. Applies to estates of decedents dying on or after January 1, 2026.
More detail
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
- 2025
- Aug 8Effective date, September 26, 2025.Latest
- Aug 8Chapter 595, 2025 Laws.
- Jul 24Governor Tina Kotek signed.Became Law
- Jun 20Speaker signed.Major
- Jun 20President signed.Major
- Jun 19Third reading. Carried by Osborne. Passed.Passed House
- Vote recorded Third reading. Carried by Osborne. Passed. Result: pass.Lower
- Jun 19Potential conflict(s) of interest declared by Edwards.
- Jun 18Rules suspended. Carried over to June 19, 2025 Calendar.
- Jun 17Second reading.Minor
- Jun 16Recommendation: Do pass.Minor
- Jun 13Work Session held.
- Vote recorded Heard and Reported Out. Result: pass.Lower
- Jun 4Public Hearing held.
- May 22Referred to Revenue.Minor
- May 21First reading. Referred to Speaker's desk.Minor
- May 20Third reading. Carried by Smith DB. Passed.Passed Senate
- Vote recorded Third reading. Carried by Smith DB. Passed. Result: pass.Upper
- May 19Second reading.Minor
- May 16Recommendation: Do pass with amendments. (Printed A-Eng.)Minor
- May 12Work Session held.
- Vote recorded Heard and Reported Out with Amendments. Result: pass.Upper
- May 7Public Hearing held.
- Jan 17Referred to Finance and Revenue.Minor
- Jan 13Introduction and first reading. Referred to President's desk.Introduced