OregonRelating to exemptions from estate tax; prescribing an effective date.
What it does
Provides for an additional exemption against Oregon estate tax in order to account for inflation in the calculation of a taxable estate. Adjusts the amount of an exemption based on inflation. Allows an estate to file an amended return seeking a refund based on the operation of the exemption.
More detail
Applies to the estates of all decedents who die on or after January 1, 2020. Takes effect on the 91st day following adjournment sine die.
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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
- Jun 28In committee upon adjournment.Latest
- Mar 5Referred to Revenue.Minor
- Feb 27First reading. Referred to Speaker's desk.Introduced