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
Show all 19 actions
First reading. Referred to Speaker's desk. · Feb 20, 2025
House
Referred to Revenue. · Feb 21, 2025
House
Public Hearing held. · Apr 3, 2025
House
Work Session held. · Jun 13, 2025
House
Recommendation: Do pass. · Jun 16, 2025
House
Second reading. · Jun 17, 2025
House
Rules suspended. Carried over to June 19, 2025 Calendar. · Jun 18, 2025
House
Third reading. Carried by Mannix. Passed. · Jun 19, 2025
House
First reading. Referred to President's desk. · Jun 19, 2025
Senate
Referred to Rules. · Jun 19, 2025
Senate
Public Hearing held. · Jun 20, 2025
Senate
Work Session held. · Jun 25, 2025
Senate
Recommendation: Do pass. · Jun 26, 2025
Senate
Second reading. · Jun 26, 2025
Senate
Rules suspended. Third reading. Carried by Bonham. Passed. · Jun 26, 2025
Senate
Speaker signed. · Jun 27, 2025
House
President signed. · Jun 27, 2025
Senate
Governor signed. · Jul 24, 2025
House
Chapter 577, (2025 Laws): Effective date September 26, 2025. · Aug 13, 2025
House
The numbers
10
sponsors on the bill
Sponsors
Kevin MannixBobby LevyE. Werner ReschkeEd DiehlDarin HarbickBoomer WrightRick LewisDavid Brock SmithCedric HaydenBruce Starr
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: Chapter 577, (2025 Laws): Effective date September 26, 2025. (Aug 13, 2025).