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Bill > SB405
OR SB405
OR SB405Relating to conforming estate tax to federal basic exclusion amount; prescribing an effective date.
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 would match the estate tax exemption to the federal amount. (Flesch Readabil- ity Score: 67.7). Provides that, for the estates of decedents dying on or after January 1, 2026, Oregon estate tax is not due unless the value of the Oregon taxable estate exceeds $13.61 million. Raises the threshold for the filing of an estate tax return to a gross estate valued at more than $13.61 million. Takes effect on the 91st day following adjournment sine die.
AI Summary
This bill updates Oregon's estate tax laws to align with changes in the federal basic exclusion amount, increasing the threshold for estate tax filing and payment. Specifically, for decedents dying on or after January 1, 2026, no estate tax will be due unless the Oregon taxable estate exceeds $13.61 million, which is a significant increase from the previous $1 million threshold. The bill modifies existing law (ORS 118.160) to reflect this change, requiring estate tax returns only for estates valued above the new $13.61 million threshold. This means that many more estates will be exempt from Oregon estate taxes, potentially providing tax relief for larger estates. The bill will take effect on the 91st day after the adjournment of the 2025 regular legislative session, giving advance notice to taxpayers and estate planners about the upcoming changes to estate tax regulations.
Committee Categories
Budget and Finance
Sponsors (2)
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/SB405 |
| SB 405 (Witness Registration) | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/290571 |
| SB 405 Preliminary SMS | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/289852 |
| Open Government Impact Statement for SB405 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/84602 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB405/Introduced |
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