Loading chat...

OR HB2058

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Boomer Wright

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Raises Oregon's estate tax exemption threshold from $1 million to $13.99 million for decedents dying on or after January 1, 2026
  • Sets a static, permanent exemption amount tied to the federal basic exclusion amount for 2025 (does not automatically adjust with future federal changes)
  • Eliminates estate tax return filing requirement for gross estates valued at $13.99 million or less
  • Takes effect on the 91st day after the 2025 legislative session adjourns

Legislative Description

Relating to conforming estate tax to federal basic exclusion amount; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Revenue1/17/2025

Full Bill Text

No bill text available