SB 124 Increases Estate Tax exemption with inflation

The Act makes a new exemption from Oregon estate tax.  Provides for an additional exemption from Oregon estate tax. Adjusts the amount of the exemption based on inflation. Applies to the estates of all decedents who die on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die. Oregon has the lowest exemption in the…

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SB 764 Exempts family business from estate tax

Makes an interest in a family-owned business not taxed by the estate tax. Allows an exclusion from a taxable estate for the value of the interest in a family-owned business. Applies to estates of decedents who die on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die. (a) “Family member” means a person within…

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HB 2301 Reduces estate tax

Allows an estate tax exclusion of $7 million. Imposes tax at a flat rate of seven percent. Applies to estates of decedents who die on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die. Oregon has the lowest exemption in the country at $1 million, which has destroyed some family businesses. Estate taxes are…

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HB 2624 Increases estate tax exclusion

VOTE:YES
Died In Committee