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Oregon House Democrats
Pass
Legislation
to Help
Family Farms, Fishing and
Small Forest
Operations
SALEM -- Oregon House
Democrats, despite vocal objections from 16 Republican House
members, approved legislation Friday that will protect Oregon’s
small family agricultural operations by cutting inheritance taxes on
family farm, fishery and woodlot operations that are handed down to
heirs.
The
bill, passed on a 41-18 vote, was supported by the Oregon Farm
Bureau, Oregon Wine Association, the Oregon Cattlemen’s Association
and the Oregon Association of Nurseries. The bill fixed
implementation problems with legislation passed in 2007.
The
bill allows natural resource land to remain in production by
allowing for a tax credit on inheritance taxes when owners of small
family farm, fish or forest land interests die. The bill does have
requirements that at least one heir must continue to operate the
family farm as long as the estate largely comprised of natural
resources.
“This bill is for Oregon’s small family farmers, fishermen
and foresters,” said House Majority Leader Dave Hunt (D-Clackamas
County). “After passing this law in 2007, we found some technical
problems with implementation. Together,
farmers, winemakers, attorneys, accountants, the
fishing industry, tree growers, and legislators rolled up their
sleeves and found solutions to a bill that will help preserve
Oregon's natural resources and keep Oregon's families on their
farms.”
State
Rep. Phil Barnhart (D-Central Lane and Linn counties), chair of the
House Revenue Commitee, said the tremendous input of the agriculture
community and hard work by attorneys and CPAs who handle estate
transactions allowed the Legislature to fix the problems from the
2007 bill without having an adverse impact on the state
economy.
“This will protect everyone from cattle ranchers in eastern
Oregon to woodlots and family farms in the Willamette valley,
to fishermen on the coast.”
“This change will allow small businesspeople to pass along
their businesses to their heirs rather than liquidate their assets
to pay the taxes,” said Barnhart. “It allows us to maintain what
keeps Oregon so special – our commitment to preserving our valuable
farm and forest land from development or from being overtaken by
huge commercial agricultural interests.”
The
original legislation in 2007 was sponsored by State Rep. Deborah
Boone (D-Cannon Beach) and State Rep. Brian Clem
(D-Salem).