Oregon Prohibit Estate Tax Amendment (2012)

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An Oregon Prohibit Estate Tax Amendment did not make the November 6, 2012 statewide ballot as an initiated constitutional amendment. The measure would have prohibited any inheritance or estate taxes on property transferred in connection with a person's death.[1]

Text of measure

The official ballot title is:[1]

Amends Constitution:Prohibits any inheritance or estate taxes on property transferred in connection with a person's death.

Result of "Yes" Vote: "Yes" vote prohibits state and its political subdivisions from imposing any estate or inheritance taxes on property of person transferred in connection with person's death.

Result of "No" Vote: "No" vote retains current one-time state estate tax on inherited property for estates of certain value; rejects constitutional amendment prohibiting imposition of such taxes.

Summary: Amends constitution. Current state laws imposes one-time tax on estate of person dying on or after January 1, 2006, if estate's gross value -- determined by federal tax law as of December 31, 2000 -- is $1 million or more. Measure prohibits state and its political subdivisions from imposing any estate, inheritance, or other tax on transfer of a person's property, "where the transfer is the result of the death of a person." Measure allows state to cooperate with other states, territories and federal government in processing and collecting those entities' estate and inheritance taxes; permits state to impose some fees in connection with probate proceedings and other transactions which may occur following a person's death. Measure reduces state revenues, provides no replacement. Other provisions.

Path to the ballot

See also: Oregon signature requirements

In order to qualify for the ballot, supporters were required to collect a minimum of 116,283 valid signatures by July 6, 2012.

See also

External links

References