Provides that, for the estates of decedents dying on or after January 1, 2026, Oregon estate tax is not due unless the value of the Oregon taxable estate exceeds $13.99 million.

Summary

Digest: The Act would set a static, permanent match for the estate tax exemption, tied to the federal exempt amount for 2025 deaths. The Act would become law on the 91st day after sine die. (Flesch Readability Score: 65.1). Provides that, for the estates of decedents dying on or after January 1, 2026, Oregon estate tax is not due unless the value of the Oregon taxable estate exceeds $13.99 million. Raises the threshold for the filing of an estate tax return to a gross estate valued at more than $13.99 million. Takes effect on the 91st day following adjournment sine die.