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HB3630 • 2025

Modifies exemption from the taxable estate for the value of natural resource property to accommodate interests owned through a trust or business entity.

Modifies exemption from the taxable estate for the value of natural resource property to accommodate interests owned through a trust or business entity.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Representative Mannix, Representative Diehl,, Harbick,, Levy B,, Lewis,, Reschke,, Wright,, Senator Hayden,, Smith DB,, Starr
Last action
2025-08-13
Official status
Chapter Number Assigned
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-08-13 House

    Chapter 577, (2025 Laws): Effective date September 26, 2025.

  2. 2025-07-24 House

    Governor signed.

  3. 2025-06-27 House

    Speaker signed.

  4. 2025-06-27 Senate

    President signed.

  5. 2025-06-26 Senate

    Recommendation: Do pass.

  6. 2025-06-26 Senate

    Second reading.

  7. 2025-06-26 Senate

    Rules suspended. Third reading. Carried by Bonham. Passed. Ayes, 19; Nays, 10--Campos, Golden, Manning Jr, Meek, Neron Misslin, Patterson, Pham, Prozanski, Reynolds, Taylor; Excused, 1--Thatcher.

  8. 2025-06-25 Senate

    Work Session held.

  9. 2025-06-20 Senate

    Public Hearing held.

  10. 2025-06-19 House

    Third reading. Carried by Mannix. Passed. Ayes, 53; Excused, 6--Boshart Davis, Evans, McIntire, Nguyen H, Owens, Wallan; Excused for Business of the House, 1--Sosa.

  11. 2025-06-19 Senate

    First reading. Referred to President's desk.

  12. 2025-06-19 Senate

    Referred to Rules.

  13. 2025-06-18 House

    Rules suspended. Carried over to June 19, 2025 Calendar.

  14. 2025-06-17 House

    Second reading.

  15. 2025-06-16 House

    Recommendation: Do pass.

  16. 2025-06-13 House

    Work Session held.

  17. 2025-04-03 House

    Public Hearing held.

  18. 2025-02-21 House

    Referred to Revenue.

  19. 2025-02-20 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act would make it so estates would not pay estate tax for farm, forestry or fishing interests that are owned by trusts and businesses. (Flesch Readability Score: 63.0).
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. Applies to estates of decedents dying on or after July 1, 2025.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to estate tax treatment of natural resource property; and prescribing an effective date.
Current location: Chapter Number Assigned