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Legislative staff briefs Senate Finance and Revenue on growth and structure of Oregon estate tax

2270380 · February 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Legislative Revenue Office staff told the Senate Committee on Finance and Revenue that Oregon estate tax receipts and filers have grown since 2012, explained how the tax is calculated, and described filing deadlines and data lags that make 2022 the latest complete tax-return year.

On Feb. 10, 2025, the Oregon Senate Committee on Finance and Revenue received an informational briefing from the Legislative Revenue Office that outlined how Oregon’s estate tax is calculated, traced its legal history and showed recent growth in receipts and filers.

The briefing, delivered by John Hart of the Legislative Revenue Office, said Oregon’s estate-tax receipts rose from roughly $200 million in fiscal 2017 to about $350 million in the budget period covering fiscal 2026–27. Hart told the committee that tax-return data are complete only through tax year 2022 because estate returns are due 12 months after death and filings and extensions can delay final counts.

Hart summarized how the tax is…

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