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House Revenue panel advances bills changing estate-tax natural-resource exemption
Summary
The House Committee on Revenue on June 13 moved multiple measures to the floor with due-pass recommendations that would change how Oregon treats farm and forest property under the estate-tax natural-resource exemption and add portability for surviving spouses.
The House Committee on Revenue on June 13 moved several related measures to the floor with due-pass recommendations that would change Oregon's estate-tax natural-resource exemption and add portability for surviving spouses.
Committee staff said the base measure, House Bill 2,093, was introduced as a study bill that would require the Legislative Revenue Office to study the estate tax, but a dash-1 amendment replaces that language and combines concepts from multiple bills previously heard by the committee.
Staff explained the package incorporates provisions from Senate Bill 485, which changes qualification criteria for forest land under the exemption and specifies…
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