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SB 341 Oregon Senate · 2025 Regular Session

Relating to a natural resource credit against estate tax; prescribing an effective date.

Summary
Reduces the required size of real property and the percentage of value of the adjusted gross estate necessary for real property to qualify for a natural resource property credit against estate tax, where the real property is forestland or forestland homesites. Applies to estates of decedents dying on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesReduces estate tax credit requirements, providing tax relief for wealthy estate holders by expanding eligibility for forestland property credits.90% confidence ✓ EnvironmentSupports EnvironmentTax credit incentivizes forestland preservation by reducing estate tax burden, aligning with conservation of natural resources per bill's focus on forestland property.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025 Last action Jun 28, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
2
Jun 28, 2025
Upper · Passed
In committee upon adjournment.
upper
Jan 17, 2025
Committee
Referred to Natural Resources and Wildfire.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of David Smith
David Smith
RRepublican
OR
1