For status updates, visit lucyburns.org.
Ballotpedia's coverage of elections held on March 3, 2015, was limited. Select races were covered live, and all results will be added once the merger is complete.
Oregon Estate Tax Phase-Out Initiative, Measure 84 (2012)
Text of measure
The official ballot title is:
Result of "Yes" Vote: "Yes" vote phases out estate/inheritance tax, tax on death-related property transfers, and tax on property transfers between family members; reduces state revenue.
Result of "No" Vote: "No" vote retains one-time estate tax on inherited property for estates of certain value; tax on property transfers between family members in certain circumstances.
Summary: Current state law imposes one-time tax on estate of person dying on/after January 1, 2006, if estate's gross value -- determined by federal law as of December 31, 2000 -- is at least $1,000,000. Current law taxes income-producing property sales, regardless of parties' relationship. Measure incrementally phases out estate/inheritance tax, tax on property transfers between "family members" (defined), and tax on property transferred in connection with person's death; prohibits imposition of such taxes on property of person dying on/after January 1, 2016. Allows state to cooperate with other states and federal government in administering those entities' estate/inheritance taxes; permits fees on probate and other transactions that may occur following 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 are required to collect a minimum of 87,213 valid signatures by July 6, 2012.