Oregon DOR Proposes Amendments to Rules on Natural Resource Property Exemption

The Oregon Department of Revenue (DOR) has proposed amendments to OAR 150-118-0115 regarding the natural resource property exemption for estate transfer tax purposes. The proposed amendment clarifies eligibility criteria for the natural resource property exemption, and also specifies how the exemption applies to property held indirectly through trusts and business entities. A public hearing is scheduled for Nov. 18, and comments are due on the same day. [Or. Dep’t of Revenue, Proposed Reg. Section 150-118-0115, 10/30/25]