Restructuring Oregon's Death Tax Would Benefit the State - Cascade Policy Institute

Restructuring Oregon's Death Tax Would Benefit the State - Cascade Policy Institute

By John A. Charles, Jr. Oregon’s death tax has earned our state a reputation as “the worst place in the U.S. to die.” The 10-16% tax is levied on Oregon estates valued over $1 million at the time of death. The $1 million threshold hasn’t changed for 20 years, not even to adjust for inflation. It’s time for this to change. House Bill 2301 would raise the tax exemption level to $7 million and decrease the tax rate to 7%. A primary reason to suppor…