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, 2023, Oregon estate tax is not due unless value of Oregon taxable estate equals or exceeds $12.92 million. Raises threshold for filing of estate tax return to gross estate valued at or more than $12.92 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 2023
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2023
Last action Jun 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jun 25, 2023
Upper · Passed
In committee upon adjournment.
upper
Jan 14, 2023
Committee
Referred to Finance and Revenue.
upper
Jan 9, 2023
Introduced
Introduction and first reading. Referred to President's desk.
upper
1 primary · 1 co-sponsor
Sponsors
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