Modifies exemption from the taxable estate for the value of natural resource property to accommodate interests owned through a trust or business entity.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “Modifies exemption from the taxable estate for the value of natural resource property to accommodate interests owned through a trust or business entity.” Read the full text
2025R1 session
What it does
Digest: The Act would make it so estates would not pay estate tax for farm, forestry or fishing interests that are owned by trusts and businesses. (Flesch Readability Score: 63.0). Modifies exemption from the taxable estate for the value of natural resource property to accommodate interests owned through a trust or business entity. Adds detail to look-back and look-forward provisions as applicable to entities. Allows for replacement property. Applies to estates of decedents dying on or after Jul
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Chaptered (Chapter 577) (latest official status) · Aug 13, 2025
Latest official status shown, exactly as the official record states it. The step by step history lives on the official page linked below.
The numbers
0
sponsors on the bill
Recorded votes
Rules suspended. Third reading. Carried by Bonham. Passed.Senate · 2025-06-26 · Aye 19, Nay 10, Excused 1
Recorded voteSenate · 2025-06-25 · Aye 3, Nay 2
Third reading. Carried by Mannix. Passed.House · 2025-06-19 · Aye 53, Excused 6, Excused for Business 1
Recorded voteHouse · 2025-06-13 · Aye 4, Excused 3
Roll-call results shown verbatim from the Oregon legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Chaptered (Chapter 577) · effective Sep 26, 2025.