Oregon Estate Tax Exemption Initiative (2012)
Not on Ballot |
---|
![]() |
This measure was not put on an election ballot |
An Oregon Estate Tax Exemption Initiative did not make the November 6, 2012 statewide ballot as an initiated state statute. The measure creates an exemption from estate tax for some income taxpayers and farm and ranch owners.[1]
Text of measure
The draft ballot title was:[1]
Result of "Yes" Vote: "Yes" vote exempts from estate tax property of persons who, in any 10 years, paid personal income taxes, or property taxes on ranch or farm.
Result of "No" Vote: "No" vote retains current one-time state estate tax on inherited property for estates of certain value; provides some tax credits for "natural resource property."
Summary: Current state law imposes one-time tax on estates of persons 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. Credits against such taxes may be available for statutorily-defined "natural resource property." Measure creates exemption from state estate tax for property of persons who, in any 10 years, paid Oregon personal income taxes, or owned any ranch/farm for which property taxes were paid. Exemption applies regarding any state tax imposed "as to a person's property in connection with the death of the person." Exemption applies to all real and personal property, and -- once person qualifies -- inextinguishable. 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 87,213 valid signatures by July 6, 2012.
See also
External links
Footnotes
![]() |
State of Oregon Salem (capital) |
---|---|
Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |