2025-01-102025-01-102024-12-12103 Or. L. Rev. 2630196-2043https://hdl.handle.net/1794/3032728 pagesThis Comment examines a recent change to Oregon’s estate tax exemption for natural resource properties, Senate Bill 498. Part I examines the new exemption in light of Oregon and federal tax law. Part II assesses the new exemption under traditional tax policy criteria, such as practicality and equity. Part III analyzes how well S.B. 498 preserves family ownership of farms, forests, and fisheries and incentivizes environmental stewardship. Part IV depicts the exemption’s mixed implications for minority groups. Part V argues that the federal government should adopt a similar exemption. Lastly, Part VI offers a brief conclusion.en-USAll Rights ReservedEstate taxOregonEnvironmental conservationLand useArticle