SB 498 Oregon Senate · 2023 Regular Session

Relating to estate tax treatment of natural resource property; and prescribing an effective date.

Summary

Allows exclusion from taxable estate for value of interest in farm, forestry or fishing business. Applies to estates of decedents dying on or after July 1, 2023. Takes effect on 91st day following adjournment sine die.

Bill status signed all 5 stages cleared

Introduction

Jan 2023

Committee Review

Jun 2023

Senate Passage

Jun 2023

House Passage

Jun 2023

Signed into Law

Jul 2023

Introduced Jan 9, 2023 Signed Jul 13, 2023

Floor votes · House Jun 23, 2023

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 13, 2023

Signed into law

Governor signed.

upper

Jun 29, 2023

Lower · Passed

Speaker signed.

lower

Jun 27, 2023

Upper · Passed

President signed.

upper

Jun 23, 2023

Introduced

Vote explanation(s) filed by Andersen, Nathanson.

lower

Jun 23, 2023

Lower · Passed

Rules suspended. Third reading. Carried by Levy B, Mannix. Passed.

lower

Jun 23, 2023

Lower · Passed

Recommendation: Do pass.

lower

Jun 20, 2023

Committee

Referred to Revenue.

lower

Jun 20, 2023

Introduced

Vote explanation(s) filed by Anderson, Steiner.

upper

Jun 20, 2023

Introduced

First reading. Referred to Speaker's desk.

lower

Jun 20, 2023

Upper · Passed

Third reading. Carried by Hansell. Passed.

upper

Jun 2, 2023

Upper · Passed

Recommendation: Do pass with amendments. (Printed A-Eng.)

upper

Jan 14, 2023

Committee

Referred to Finance and Revenue.

upper

Jan 9, 2023

Introduced

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

upper

5 primary · 12 co-sponsors