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SB124 • 2025

Provides for an additional exemption from Oregon estate tax.

Provides for an additional exemption from Oregon estate tax.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Last action
2025-06-27
Official status
In Senate Committee
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. 2025-06-27 Senate

    In committee upon adjournment.

  2. 2025-02-10 Senate

    Public Hearing held.

  3. 2025-01-17 Senate

    Referred to Finance and Revenue.

  4. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act makes a new exemption from Oregon estate tax. (Flesch Readability Score: 69.7).
Provides for an additional exemption from Oregon estate tax. Adjusts the amount of the exemption based on inflation. Applies to the estates of all decedents who die on or after January 1, 2026.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to estate tax thresholds; prescribing an effective date.
Current location: In Senate Committee