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Photo: Gerry Briggs
Summary of the
Death Tax Phase-Out Act
The Death Tax Phase-Out Initiative phases out the Oregon estate tax by reducing the existing tax by 25% in 2013, 50% in 2014, and 75% in 2015. As of January 1, 2016, the tax is zero. In addition, the initiative forbids any new tax on any property transfer among living family members. It phases out the capital gains tax on property sales within a family on the same schedule as the phase out of the death tax.
This creates two safe harbors. One prohibits any estate or inheritance tax by any unit of government in Oregon; the existing tax is phased out over three years, and then it is prohibited. This allows families to do whatever they want with their estates.
The second safe harbor is for property transfers among living family members. Any property transfer within a family cannot be subjected to any new tax, and the existing tax (the capital gains tax on property sales) is phased out.
So, as of January 1, 2016, families can do whatever they want to transfer their property without having to pay state or local taxes. For more information go to endoregondeathtax.com.
Cocktail Reception Fundraiser
in support of Oregon’s initiative to end the Oregon Estate Tax
Please join us at a cocktail reception fundraiser in support of Oregon’s Initiative to end the Oregon Estate Tax.
Our special guest, Kevin Mannix, will brief you on this effort and answer your questions.
5:00 p.m. to 6:30 p.m.
Kevin will make a short presentation at 6 p.m.
Thursday, April 5, 2012
b2 Wine Bar
2794 Shadow View
Eugene, Oregon 97408
RSVP: 541-505-8909
About
The Republican Women Central Lane County, Oregon, welcome you. We are dedicated to educating and informing the women of Lane County on the political process.
Membership
Are you interested in joining the Republican Women of Central Lane County?
Download our membership form, fill it out on your computer, print it and mail it to:
RWCL
P.O. Box 7084
Eugene, OR 97475
Meetings
We encourage all Republican Woman of Lane County, Oregon to attend our meetings. Regular lunch meetings are typically held at the Red Lion Hotel in Eugene, Oregon on Coburg Rd. on the 4th Monday of each month between 11:30 AM and 1:30 PM. Please see our schedule for exact meeting times and event details.