OR SB454 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Allows exclusion from taxable estate for value of interest in family-owned business. Allows exclusion from taxable estate for value of interest in family-owned business. Applies to estates of decedents who die on or after January 1, 2024. Takes effect on 91st day following adjournment sine die.
Title
Relating to estate tax treatment of family-owned business; prescribing an effective date.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-06-25 | Senate | In committee upon adjournment. |
2023-01-14 | Senate | Referred to Finance and Revenue. |
2023-01-09 | Senate | Introduction and first reading. Referred to President's desk. |