Fabio
104 lines
5.3 KiB
Markdown
104 lines
5.3 KiB
Markdown
---
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type: "Bill"
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title: "Relating to estate tax treatment of natural resource property; and prescribing an effective date."
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description: "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."
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jurisdiction: "us/states/or"
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legislature: "Oregon Legislative Assembly"
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session: "2023R1"
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identifier: "SB 498"
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citation: "Oregon SB 498 (2023R1)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Bill Hansell", "Bobby Levy", "David Brock Smith", "Kevin Mannix", "Lynn Findley"]
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version_count: 5
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action_count: 24
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vote_count: 4
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first_action: "2023-01-09T18:53:53+00:00"
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last_action: "2023-07-21T18:21:19+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/75f16a7b-229e-4e59-ac90-153d0e17ead2"
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source_url: "https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB498"
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source_hash: "1663a0b06fefb6e210d8591376233617c488fa8512a162f5fd242fb08afd15a7"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-or"]
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---
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# Oregon SB 498 (2023R1) — Relating to estate tax treatment of natural resource property; and prescribing an effective date.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB498/Introduced)
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2. **Senate Amendments to Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB498/Senate%20Amendments%20to%20Introduced)
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3. **A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB498/A-Engrossed)
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4. **SFR Amendment -4** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/25201)
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5. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB498/Enrolled)
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## Votes
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- Third reading. Carried by Hansell. Passed. — **16–9** (pass) · upper
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- Heard and Reported Out — **4–2** (pass) · lower
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- Rules suspended. Third reading. Carried by Levy B, Mannix. Passed. — **35–20** (pass) · lower
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- Heard and Reported Out — **4–1** (pass) · upper
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## Sponsors
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- Bill Hansell — primary (person)
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- Bobby Levy — primary (person)
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- David Brock Smith — primary (person)
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- Kevin Mannix — primary (person)
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- Lynn Findley — primary (person)
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- Boomer Wright — cosponsor (person)
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- Cedric Hayden — cosponsor (person)
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- E. Werner Reschke — cosponsor (person)
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- Ed Diehl — cosponsor (person)
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- Fred Girod — cosponsor (person)
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- Greg Smith — cosponsor (person)
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- James Hieb — cosponsor (person)
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- Jami Cate — cosponsor (person)
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- Mark Meek — cosponsor (person)
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- Shelly Boshart Davis — cosponsor (person)
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- Suzanne Weber — cosponsor (person)
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- Tracy Cramer — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-01-09T18:53:53+00:00** Introduction and first reading. Referred to President's desk. `introduction, reading-1, referral-committee`
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- **2023-01-14T22:09:55+00:00** Referred to Finance and Revenue. `referral-committee`
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- **2023-01-25T23:01:00+00:00** Public Hearing held.
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- **2023-04-18T22:01:00+00:00** Public Hearing held.
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- **2023-05-09T22:01:00+00:00** Informational Meeting held.
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- **2023-05-31T22:02:00+00:00** Work Session held.
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- **2023-06-02T21:15:24+00:00** Recommendation: Do pass with amendments. (Printed A-Eng.) `committee-passage-favorable`
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- **2023-06-15T21:55:03+00:00** Second reading. `reading-2`
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- **2023-06-16T19:18:31+00:00** Carried over to 06-20 by unanimous consent.
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- **2023-06-20T19:19:55+00:00** Third reading. Carried by Hansell. Passed. `passage, reading-3`
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- **2023-06-20T21:15:51+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
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- **2023-06-20T19:20:55+00:00** Vote explanation(s) filed by Anderson, Steiner.
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- **2023-06-20T23:02:59+00:00** Referred to Revenue. `referral-committee`
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- **2023-06-22T15:01:00+00:00** Public Hearing held.
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- **2023-06-23T19:47:00+00:00** Work Session held.
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- **2023-06-23T22:26:09+00:00** Recommendation: Do pass. `committee-passage-favorable`
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- **2023-06-23T22:44:56+00:00** Second reading. `reading-2`
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- **2023-06-23T22:53:41+00:00** Rules suspended. Third reading. Carried by Levy B, Mannix. Passed. `passage, reading-3`
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- **2023-06-23T22:54:41+00:00** Vote explanation(s) filed by Andersen, Nathanson.
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- **2023-06-27T18:54:47+00:00** President signed. `passage`
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- **2023-06-29T18:11:08+00:00** Speaker signed. `passage`
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- **2023-07-13T19:18:45+00:00** Governor signed. `executive-signature`
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- **2023-07-21T18:15:41+00:00** Chapter 286, 2023 Laws.
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- **2023-07-21T18:21:19+00:00** Effective date, September 24, 2023.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/75f16a7b-229e-4e59-ac90-153d0e17ead2`. Confidence: reported (aggregated from official Oregon legislature records).
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