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OR HB2301

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Kevin Mannix

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Increases Oregon's estate tax exclusion amount by adding a $7 million exclusion, reducing the taxable estate value before taxes are calculated

  • Replaces the current graduated estate tax rate structure (ranging from 10% to 16% across ten brackets) with a flat 7% tax rate

  • Applies to estates of decedents who die on or after January 1, 2026

  • Takes effect on the 91st day following adjournment of the 2025 regular legislative session

Legislative Description

Relating to estate tax; 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