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OR HB3844
Bill
Status
6/27/2025
Primary Sponsor
Vikki Breese-Iverson
Click for details
AI Summary
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Creates a new inflation-adjusted exemption from Oregon estate tax, calculated annually by the Department of Revenue using the U.S. City Average Consumer Price Index
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Exemption amount determined by multiplying $1 million by the percentage increase in CPI since August 31, 2025, then subtracting $1 million from the result
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Applies retroactively to estates of decedents who died on or after January 1, 2020
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Estates seeking refunds for deaths between January 1, 2020 and January 1, 2025 may file amended returns any time before July 1, 2026, with no interest paid on refunds
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Takes effect on the 91st day following adjournment of the 2025 legislative session
Legislative Description
Relating to exemptions from estate tax; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025