Oregon Changes Forest Land Qualification for Natural Resource Estate Tax Exemption

The Oregon Governor signed a law concerning the estate tax. The law includes changing the qualification criteria for forest land for the natural resource estate tax exemption and providing that: 1) qualifying forestland must be between 10 and 5,000 acres; 2) held by the decedent and managed by decedent or a family member during at least five years prior to the date of death; 3) held and managed by a family member during the five years after the date of death; and 4) have maintained documentation of management activities that are appropriate or customary for qualified forestland parcels. The law ...