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OR SB405

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Fred Girod

Click for details

Origin

Senate

2025 Legislative Measures

AI Summary

  • Raises Oregon's estate tax exemption from $1 million to $13.61 million, matching the federal basic exclusion amount, for decedents dying on or after January 1, 2026
  • Eliminates the estate tax return filing requirement for estates valued at $13.61 million or less, up from the current $1 million threshold
  • Applies to estates of decedents who die on or after January 1, 2026
  • Takes effect on the 91st day following adjournment of the 2025 legislative session

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

Finance and Revenue1/17/2025

Full Bill Text

No bill text available