OregonRelating to estate tax treatment of natural resource property; and prescribing an effective date.
What it does
Modifies exemption from the taxable estate for the value of natural resource property to accommodate interests owned through a trust or business entity. Adds detail to look-back and look-forward provisions as applicable to entities. Allows for replacement property.
More detail
Applies to estates of decedents dying on or after July 1, 2025. Takes effect on the 91st day following adjournment sine die.
Where do you stand?
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Aug 13Chapter 577, (2025 Laws): Effective date September 26, 2025.Latest
- Jul 24Governor Tina Kotek signed.Became Law
- Jun 27President signed.Major
- Jun 27Speaker signed.Major
- Jun 26Rules suspended. Third reading. Carried by Bonham. Passed.Passed Senate
- Vote recorded Rules suspended. Third reading. Carried by Bonham. Passed. Result: pass.Upper
- Jun 26Second reading.Minor
- Jun 26Recommendation: Do pass.Minor
- Jun 25Work Session held.
- Vote recorded Heard and Reported Out. Result: pass.Upper
- Jun 20Public Hearing held.
- Jun 19Referred to Rules.Minor
- Vote recorded Third reading. Carried by Mannix. Passed. Result: pass.Lower
- Jun 19First reading. Referred to President's desk.Minor
- Jun 19Third reading. Carried by Mannix. Passed.Passed House
- 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
- Apr 3Public Hearing held.
- Feb 21Referred to Revenue.Minor
- Feb 20First reading. Referred to Speaker's desk.Introduced