Improving Oregon’s Natural Resource Estate Tax Exemption to Better Support Local Stewardship and Rural Minorities
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Date
2024-12-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon School of Law
Abstract
This 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.
Description
28 pages
Keywords
Estate tax, Oregon, Environmental conservation, Land use
Citation
103 Or. L. Rev. 263