· OR legislature · 2025R1

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

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 Januar…

Sponsor

David Smith (R-OR)

Introduced

2025-01-13

Policy area

Taxation

Latest action

In committee upon adjournment.