Relating to estate tax treatment of natural resource property; and prescribing an effective date.
It became law on Aug 13, 2025.
- Stage
- Became law
- Started in
- House
- Sponsors
- +6
- Latest action
- Aug 13, 2025
What it does
Modifies exemption from the taxable estate for the value of natural resource property to accommodate interests owned through a trust or business entity. Adds detail to look-back and look-forward provisions as applicable to entities. Allows for replacement property. Applies to estates of decedents dying on or after July 1, 2025. Takes effect on the 91st day following adjournment sine die.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
It is law in Oregon. What happens now is up to the agency that carries it out, the courts, and the place itself.