Oregon Senate Bill 714 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

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. 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.

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

Sen. Dennis Linthicum [R]

Sen. Fred Girod [R]

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.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB714
Text	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB714/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/66664