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OR HB2362

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Bobby Levy

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Creates a new additional exemption against Oregon estate tax that phases out based on estate size: $1.5 million exemption for estates under $4.5 million, decreasing incrementally to $300,000 for estates between $7.5 million and $8.5 million

  • No exemption is available for estates valued at $8.5 million or greater

  • 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 exemptions from 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