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OR SB648

Bill

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Daniel Bonham

Click for details

Origin

Senate

2025 Legislative Measures

AI Summary

  • Raises Oregon's estate tax exemption threshold from $1 million to $13.61 million, matching the federal basic exclusion amount, for decedents dying on or after January 1, 2026
  • Eliminates the requirement to file an Oregon estate tax return unless the gross estate exceeds $13.61 million
  • Amends ORS 118.160 to update filing thresholds that have historically ranged from $700,000 (2003) to $1 million (2006-2025)
  • Takes effect on the 91st day following adjournment of the 2025 regular 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