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OR HB3688

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Werner Reschke

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Surviving spouses may claim the unused portion of their deceased spouse's Oregon estate tax exclusion, up to a maximum of $1 million
  • The prior deceased spouse's Oregon taxable estate must not have exceeded $1 million to qualify for portability
  • Personal representative of the first deceased spouse must file a return within 12 months of death stating the exclusion amount
  • Exclusion amount calculated by subtracting the prior deceased spouse's Oregon taxable estate from $1 million
  • Applies to estates of decedents dying on or after January 1, 2026; takes effect 91 days after legislative session adjournment

Legislative Description

Relating to a deceased spousal unused exclusion amount for Oregon estate tax; prescribing an effective date.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available