Committeed Hearing on Portability Would Let Surviving Spouses Use Unused Oregon Estate Exclusion
Two related bills (HB 3,688 and HB 3,934) were heard simultaneously to permit surviving spouses to claim a deceased spouse’s unused Oregon estate tax exclusion (portability), aligning state practice more closely with federal rules and aiming to simplify estate planning for middle-income households.
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The House Committee on Revenue held a combined public hearing April 3 on House Bill 3,688 and House Bill 3,934, which would allow portability of Oregon’s estate tax exclusion so a surviving spouse can claim the unused exclusion from a deceased spouse. Under current Oregon law the state exclusion is $1,000,000 per person and unused exclusion generally is lost on a spouse’s death; portability would effectively allow many married couples to have up to $2,000,000 in exclusion.
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