SB 485 Oregon Senate · 2025 Regular Session

Relating to estate tax; and prescribing an effective date.

Summary

] [ Provides that the Oregon estate tax is imposed only on the estates of decedents dying on or before January 1, 2025. ] Modifies the exemption from taxable estate for the value of natural resource property as applicable to forestland. Limits the exemption to small forestland owners and allows an exemption based on active management appropriate for the current phase of the forest management cycle. Applies to estates of decedents dying on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.

Issues: ✗ Budget & Taxes

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Jun 2025

Senate Passage

Jun 2025

House Passage

Jun 2025

Signed into Law

Jul 2025

Introduced Jan 13, 2025 Signed Jul 24, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

A-Engrossed → Enrolled · 5 edits · Jul 24, 2025

MODERATE

The bill transitioned from a draft version to its final enrolled form, with sponsors and dates updated to reflect passage by both legislative chambers and gubernatorial approval. The substantive policy content regarding estate tax exemptions for small forestland owners remained unchanged between versions.

Scope change

The bill's scope and applicability remained unchanged; only the status and procedural history were updated.

TECHNICAL

Header changed from 'A-Engrossed' to 'Enrolled' to reflect final passage and approval status.

Added sponsor list including Representatives EDWARDS, OSBORNE, DIEHL, HARBICK, LEVY B, MANNIX, RESCHKE, SCHARF and Senator HAYDEN.

Removed the editor's summary section that was not part of the bill's legal text.

Updated dates to reflect Senate passage on May 20, 2025, House passage on June 19, 2025, and Governor's approval.

Added signature lines for legislative officers and the Governor to formalize the enrolled bill.

Floor votes · Senate May 20, 2025 · House Jun 19, 2025

How they voted

29–0

Passed · 1 other

Total votes 30

May 20, 2025

D Democratic18

18 Yea

100% Yea

R Republican12

11 Yea 1

91% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 24, 2025

Signed into law

Governor signed.

upper

Jun 20, 2025

Lower · Passed

Speaker signed.

lower

Jun 20, 2025

Upper · Passed

President signed.

upper

Jun 19, 2025

Lower · Passed

Third reading. Carried by Osborne. Passed.

lower

Jun 16, 2025

Lower · Passed

Recommendation: Do pass.

lower

May 22, 2025

Committee

Referred to Revenue.

lower

May 21, 2025

Introduced

First reading. Referred to Speaker's desk.

lower

May 20, 2025

Upper · Passed

Third reading. Carried by Smith DB. Passed.

upper

May 16, 2025

Upper · Passed

Recommendation: Do pass with amendments. (Printed A-Eng.)

upper

Jan 17, 2025

Committee

Referred to Finance and Revenue.

upper

Jan 13, 2025

Introduced

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

upper

4 primary · 7 co-sponsors