Relating to conforming estate tax to federal basic exclusion amount; prescribing an effective date.
Summary
Provides that, for estate of decedents dying on or after January 1, 2021, Oregon estate tax is not due unless value of Oregon taxable estate equals or exceeds $11.7 million. Raises threshold for filing of estate tax return to gross estate valued at or more than $11.7 million. Adjusts exclusion amount and filing threshold for inflation. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2021
Last action Jun 27, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jun 27, 2021
Upper · Passed
In committee upon adjournment.
upper
Jan 19, 2021
Committee
Referred to Finance and Revenue.
upper
Jan 11, 2021
Introduced
Introduction and first reading. Referred to President's desk.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tim Knopp
RRepublican
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