SB 714

  • Oregon Senate Bill
  • 2023 Regular Session
  • Introduced in Senate Jan 09, 2023
  • Senate
  • House
  • Governor

Relating to conforming estate tax to federal basic exclusion amount; prescribing an effective date.

Abstract

Provides that, for estate of decedents dying on or after January 1, 2023, Oregon estate tax is not due unless value of Oregon taxable estate equals or exceeds $12.92 million. Raises threshold for filing of estate tax return to gross estate valued at or more than $12.92 million. Adjusts exclusion amount and filing threshold for inflation. Takes effect on 91st day following adjournment sine die.

Bill Sponsors (2)

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Jun 25, 2023

Senate

In committee upon adjournment.

Jan 14, 2023

Senate

Referred to Finance and Revenue.

Jan 09, 2023

Senate

Introduction and first reading. Referred to President's desk.

Bill Text

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Introduced PDF

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