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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