summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act sets the estate tax exclusion amount at $7 million and imposes the tax at a flat rate of seven percent. (Flesch Readability Score: 61.4). Allows an additional 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.
AI Summary
This bill modifies Oregon's estate tax law by establishing a new, simplified tax structure for estates. Specifically, the bill sets a flat estate tax exclusion amount of $7 million and imposes a flat tax rate of seven percent on estates exceeding that threshold. This means that estates valued under $7 million would be completely exempt from Oregon estate tax, while estates over that amount would pay 7% tax on the value above $7 million. The bill applies to estates of individuals who die on or after January 1, 2026, replacing the previous graduated tax rate schedule that had multiple tax brackets with rates ranging from 10% to 16%. The legislation represents a significant simplification of the state's estate tax calculation, potentially providing more predictability for taxpayers. The bill will take effect on the 91st day following the adjournment of the 2025 regular legislative session, giving potential taxpayers and estate planners advance notice of the change.
Committee Categories
Budget and Finance
Sponsors (13)
Ed Diehl (R)*,
Jeff Helfrich (R)*,
Bobby Levy (R)*,
Kevin Mannix (R)*,
Werner Reschke (R)*,
Court Boice (R),
Christine Drazan (R),
Lucetta Elmer (R),
Rick Lewis (R),
Mark Owens (R),
Alek Skarlatos (R),
Boomer Wright (R),
Dwayne Yunker (R),
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2301 |
| HB 2301 HREV Witness Registration 20250206 | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/290210 |
| HB 2301 Preliminary SMS | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/289509 |
| Open Government Impact Statement for HB2301 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83290 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2301/Introduced |
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