Oregon SB1511 adjusts estate tax rates and filing thresholds, effective January 1, 2027.

Oregon SB1511 modifies estate tax rates and filing thresholds for estates of decedents who die on or after January 1, 2027. The bill introduces a new tax calculation method based on the Oregon taxable estate, adjusted for inflation annually. It also raises the filing threshold for estate tax returns, exempting estates valued under $2.5 million. The bill's provisions include adjustments to the tax rates and the exemption amount, which will be indexed to inflation. The changes apply to both resident and nonresident decedents with property in Oregon.

Oregon SB1511 adjusts estate tax rates and filing thresholds, effective January 1, 2027.

Oregon SB1511 modifies estate tax rates and filing thresholds for estates of decedents who die on or after January 1, 2027. The bill introduces a new tax calculation method based on the Oregon taxable estate, adjusted for inflation annually. It also raises the filing threshold for estate tax returns, exempting estates valued under $2.5 million. The bill's provisions include adjustments to the tax rates and the exemption amount, which will be indexed to inflation. The changes apply to both resident and nonresident decedents with property in Oregon.