2023 Regular Session • Oregon Legislature
SB498: Relating to estate tax treatment of natural resource property; and prescribing an effective date.
Legislative Summary
Allows exclusion from taxable estate for value of interest in farm, forestry or fishing business. Allows exclusion from taxable estate for value of interest in farm, forestry or fishing business. Applies to estates of decedents dying on or after July 1, 2023. Takes effect on 91st day following adjournment sine die.
Bill History
1/9/2023
Introduction and first reading. Referred to President's desk.
Senate
1/14/2023
Referred to Finance and Revenue.
Senate
1/25/2023
Public Hearing held.
Senate
4/18/2023
Public Hearing held.
Senate
5/9/2023
Informational Meeting held.
Senate
5/31/2023
Work Session held.
Senate
6/2/2023
Recommendation: Do pass with amendments. (Printed A-Eng.)
Senate
6/15/2023
Second reading.
Senate
6/16/2023
Carried over to 06-20 by unanimous consent.
Senate
6/20/2023
Third reading. Carried by Hansell. Passed. Ayes, 16; Nays, 9--Campos, Dembrow, Frederick, Golden, Manning Jr, Patterson, Prozanski, Sollman, Taylor; Absent, 5--Boquist, Hayden, Linthicum, Robinson, Thatcher.
Senate
6/20/2023
Vote explanation(s) filed by Anderson, Steiner.
Senate
6/20/2023
First reading. Referred to Speaker's desk.
House of Representatives
6/20/2023
Referred to Revenue.
House of Representatives
6/22/2023
Public Hearing held.
House of Representatives
6/23/2023
Work Session held.
House of Representatives
6/23/2023
Recommendation: Do pass.
House of Representatives
6/23/2023
Second reading.
House of Representatives
6/23/2023
Rules suspended. Third reading. Carried by Levy B, Mannix. Passed. Ayes, 35; Nays, 20--Andersen, Bowman, Chaichi, Dexter, Fahey, Gamba, Grayber, Holvey, Hudson, Kropf, Marsh, Nathanson, Nelson, Neron, Nosse, Pham K, Reynolds, Sanchez, Sosa, Valderrama; Excused, 5--Elmer, Morgan, Nguyen H, Reschke, Wright.
House of Representatives
6/23/2023
Vote explanation(s) filed by Andersen, Nathanson.
House of Representatives
6/27/2023
President signed.
Senate
6/29/2023
Speaker signed.
House of Representatives
7/13/2023
Governor signed.
Senate
7/21/2023
Chapter 286, 2023 Laws.
Senate
7/21/2023
Effective date, September 24, 2023.
Senate
Amendments
Senate Committee On Finance and Revenue Amendment #-3
Senate Committee On Finance and Revenue (2023-05-31)
5/31/2023Not Adopted
Senate Committee On Finance and Revenue Amendment #-4
Senate Committee On Finance and Revenue (2023-05-31)
5/31/2023Adopted
Senate Committee On Finance and Revenue Amendment #-1
Senate Committee On Finance and Revenue (2023-05-15)
5/15/2023Not Adopted
Senate Committee On Finance and Revenue Amendment #-1
Senate Committee On Finance and Revenue (2023-04-18)
4/18/2023Not Adopted
Roll Call Votes
House Committee Do Pass the A-Eng bill
6/23/2023
4
Yea
2
Nay
0
Not Voting
1
Absent
Result: PASSED
House Third Reading
6/23/2023
35
Yea
20
Nay
0
Not Voting
5
Absent
Result: PASSED
Senate Third Reading
6/20/2023
16
Yea
9
Nay
0
Not Voting
5
Absent
Result: PASSED
Senate Committee Do pass with amendments. (Printed A-Eng.)
5/31/2023
4
Yea
1
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(7/21/2023)
Chamber
Senate
Sine DiePrior Session
Sponsors
Republican: 16
Democrat: 1
Primary Sponsor
Bill Hansell
Republican
Co-Sponsors (16)
Lynn Findley
Republican
David Smith
Republican
Bobby Levy
Republican
Kevin Mannix
Republican
Fred Girod
Republican
Cedric Hayden
Republican
Mark Meek
Democrat
Suzanne Weber
Republican
Shelly Boshart Davis
Republican
Jami Cate
Republican
Tracy Cramer
Republican
Ed Diehl
Republican
James Hieb
Republican
Werner Reschke
Republican
Gregory Smith
Republican
Boomer Wright
Republican