Relating to estate tax treatment of natural resource property; and prescribing an effective date.
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SB 498 — Relating to estate tax treatment of natural resource property; and prescribing an effective date.
Last action — Effective date, September 24, 2023.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 09, 2023. Enacted.
Signed by Governor Tina Kotek (Democratic) on July 13, 2023.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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17 sponsors
5 primary, 12 co-sponsors signed on.
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Bipartisan support
Sponsored across 2 parties (11 R · 2 D) — cross-party backing.
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Cleared a recorded vote
Passed 4 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
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 Text
We don't have the full text on file for this bill yet.
Read SB 498 on the official Oregon source →Action History
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Effective date, September 24, 2023.
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Chapter 286, 2023 Laws.
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Governor signed.
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Speaker signed.
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President signed.
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Vote explanation(s) filed by Andersen, Nathanson.
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Rules suspended. Third reading. Carried by Levy B, Mannix. Passed.
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Second reading.
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Recommendation: Do pass.
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Work Session held.
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Public Hearing held.
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Referred to Revenue.
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Vote explanation(s) filed by Anderson, Steiner.
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First reading. Referred to Speaker's desk.
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Third reading. Carried by Hansell. Passed.
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Carried over to 06-20 by unanimous consent.
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Second reading.
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Recommendation: Do pass with amendments. (Printed A-Eng.)
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Work Session held.
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Informational Meeting held.
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Public Hearing held.
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Public Hearing held.
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Referred to Finance and Revenue.
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Introduction and first reading. Referred to President's desk.
Sponsors
- Shelly Boshart Davis · Cosponsor
- E. Werner Reschke · Cosponsor
- Jami Cate · Cosponsor
- Ed Diehl · Cosponsor
- Sue Rieke Smith · Cosponsor
- Boomer Wright · Cosponsor
- Kevin Mannix · Primary
- Bobby Levy · Primary
- Cedric Hayden · Cosponsor
- Mark Meek · Cosponsor
- David Brock Smith · Primary
- Suzanne Weber · Cosponsor
- Fred Girod · Cosponsor
- Bill Hansell · Primary
- Lynn Findley · Primary
- Tracy Cramer · Cosponsor
- James Hieb · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →5 sponsors · 12 co-sponsors · 73 not signed on · 30 voted No
Sponsors (5)
- Kevin Mannix Republican
- Bobby Levy Republican
- David Brock Smith Republican
- Bill Hansell
- Lynn Findley
Co-sponsors (12)
- Shelly Boshart Davis Republican
- E. Werner Reschke Republican
- Jami Cate Republican
- Ed Diehl Republican
- Sue Rieke Smith Democrat
- Boomer Wright Republican
- Cedric Hayden Republican
- Mark Meek Democrat
- Suzanne Weber Republican
- Fred Girod Republican
- Tracy Cramer
- James Hieb
Not signed on (73)
73 members have not signed on to this bill.
Show all 73 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 1 | 0 | 0 | 1 |
| Democrat | 3 | 2 | 0 | 0 |
| Total | 4 | 2 | 0 | 1 |
| % of votes cast | 57% | 29% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Daniel Nguyen | Democrat | Yea |
| Jules Walters | Democrat | Nay |
| Nancy Nathanson | Democrat | Yea |
| Pam Marsh | Democrat | Nay |
| Sue Rieke Smith | Democrat | Yea |
| Bobby Levy | Republican | Yea |
| E. Werner Reschke | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 15 | 0 | 0 | 3 |
| Democrat | 13 | 17 | 0 | 1 |
| Unaffiliated | 7 | 3 | 0 | 1 |
| Total | 35 | 20 | 0 | 5 |
| % of votes cast | 58% | 33% | 0% | 8% |
How each member voted (60)
| Member | Party | Vote |
|---|---|---|
| Brian Stout | — | Yea |
| Charlie Conrad | — | Yea |
| Christine Goodwin | — | Yea |
| Courtney Neron | — | Nay |
| Dan Rayfield | — | Yea |
| James Hieb | — | Yea |
| Janelle Bynum | — | Yea |
| Lily Morgan | — | Not Voting |
| Maxine Dexter | — | Nay |
| Paul Holvey | — | Nay |
| Tracy Cramer | — | Yea |
| Andrea Valderrama | Democrat | Nay |
| Annessa Hartman | Democrat | Yea |
| Ben Bowman | Democrat | Nay |
| Dacia Grayber | Democrat | Nay |
| Daniel Nguyen | Democrat | Yea |
| David Gomberg | Democrat | Yea |
| Emerson Levy | Democrat | Yea |
| Farrah Chaichi | Democrat | Nay |
| Hai Pham | Democrat | Yea |
| Hoa Nguyen | Democrat | Not Voting |
| Jason Kropf | Democrat | Nay |
| John Lively | Democrat | Yea |
| Jules Walters | Democrat | Yea |
| Julie Fahey | Democrat | Nay |
| Ken Helm | Democrat | Yea |
| Khanh Pham | Democrat | Nay |
| Lisa Reynolds | Democrat | Nay |
| Mark Gamba | Democrat | Nay |
| Nancy Nathanson | Democrat | Nay |
| Nathan Sosa | Democrat | Nay |
| Pam Marsh | Democrat | Nay |
| Paul Evans | Democrat | Yea |
| Ricki Ruiz | Democrat | Yea |
| Rob Nosse | Democrat | Nay |
| Sue Rieke Smith | Democrat | Yea |
| Susan McLain | Democrat | Yea |
| Tawna Sanchez | Democrat | Nay |
| Thuy Tran | Democrat | Yea |
| Tom Andersen | Democrat | Nay |
| Travis Nelson | Democrat | Nay |
| Zach Hudson | Democrat | Nay |
| Anna Scharf | Republican | Yea |
| Bobby Levy | Republican | Yea |
| Boomer Wright | Republican | Not Voting |
| Court Boice | Republican | Yea |
| Cyrus Javadi | Republican | Yea |
| E. Werner Reschke | Republican | Not Voting |
| Ed Diehl | Republican | Yea |
| Emily McIntire | Republican | Yea |
| Jami Cate | Republican | Yea |
| Jeffrey Helfrich | Republican | Yea |
| Kevin Mannix | Republican | Yea |
| Kim Wallan | Republican | Yea |
| Lucetta Elmer | Republican | Not Voting |
| Mark Owens | Republican | Yea |
| Rick Lewis | Republican | Yea |
| Shelly Boshart Davis | Republican | Yea |
| Vikki Breese-Iverson | Republican | Yea |
| Virgle Osborne | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 5 | 8 | 0 | 0 |
| Republican | 5 | 0 | 0 | 2 |
| Unaffiliated | 6 | 1 | 0 | 3 |
| Total | 16 | 9 | 0 | 5 |
| % of votes cast | 53% | 30% | 0% | 17% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Aaron Woods | — | Yea |
| Art Robinson | — | Not Voting |
| Bill Hansell | — | Yea |
| Brian Boquist | — | Not Voting |
| Dennis Linthicum | — | Not Voting |
| Elizabeth Steiner Hayward | — | Yea |
| Lynn Findley | — | Yea |
| Michael Dembrow | — | Nay |
| Sara Gelser | — | Yea |
| Tim Knopp | — | Yea |
| Chris Gorsek | Democrat | Yea |
| Deb Patterson | Democrat | Nay |
| Floyd Prozanski | Democrat | Nay |
| James Manning Jr. | Democrat | Nay |
| Janeen Sollman | Democrat | Nay |
| Jeff Golden | Democrat | Nay |
| Kate Lieber | Democrat | Yea |
| Kathleen Taylor | Democrat | Nay |
| Kayse Jama | Democrat | Yea |
| Lew Frederick | Democrat | Nay |
| Mark Meek | Democrat | Yea |
| Rob Wagner | Democrat | Yea |
| Wlnsvey Campos | Democrat | Nay |
| Cedric Hayden | Republican | Not Voting |
| Daniel Bonham | Republican | Yea |
| David Brock Smith | Republican | Yea |
| Dick Anderson | Republican | Yea |
| Fred Girod | Republican | Yea |
| Kim Thatcher | Republican | Not Voting |
| Suzanne Weber | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 2 | 0 | 0 | 0 |
| Democrat | 2 | 1 | 0 | 0 |
| Total | 4 | 1 | 0 | 0 |
| % of votes cast | 80% | 20% | 0% | 0% |
How each member voted (5)
| Member | Party | Vote |
|---|---|---|
| Brian Boquist | — | Yea |
| Lynn Findley | — | Yea |
| Jeff Golden | Democrat | Nay |
| Kayse Jama | Democrat | Yea |
| Mark Meek | Democrat | Yea |
Subjects
Frequently asked questions
- What does SB 498 do?
- 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.
- Who sponsors SB 498?
- SB 498 is sponsored by Shelly Boshart Davis (Republican), E. Werner Reschke (Republican), Jami Cate (Republican), Ed Diehl (Republican), Sue Rieke Smith (Democrat), Boomer Wright (Republican), Kevin Mannix (Republican), Bobby Levy (Republican), Cedric Hayden (Republican), Mark Meek (Democrat), David Brock Smith (Republican), Suzanne Weber (Republican), Fred Girod (Republican), Bill Hansell, Lynn Findley, Tracy Cramer, and James Hieb.
- What is the current status of SB 498?
- This bill has been enacted into law. Introduced January 09, 2023. Enacted.
- Where can I track SB 498?
- Track SB 498 free on One Click Politics — get push/email alerts when it moves.
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