FOR IMMEDIATE RELEASE:
June 22, 2023
Smith Joins Hansell & Levy in Supporting Family Farms
SALEM, Ore. – Today, Representative Greg Smith (R-Heppner) voted yes on SB 498 in House Revenue Committee. SB 498 creates an exclusion (up to $15 million of property value) from the Estate Tax for natural resource property (farm, forestry, or fishing) that is transferred to family members because of a person’s death. Rep. Smith is the ranking member of the committee and a sponsor of the bill, which now heads to the the House floor for a final vote.
“SB 498 will help keep rural farms in the family by reducing and in some cases eliminating the estate-tax,” said Representative Smith (R-Heppner) “this a win for the agriculture industry in Eastern Oregon and I was proud to join Senator Hansell and Representative Levy who chief sponsored the bill.”
Representative Greg Smith is currently serving his twelfth term as a State Representative, making him the longest serving member in the Oregon Legislature, as well as the 4th longest serving State Representative in Oregon History. He holds a gavel as the Co-Chair of the Joint Ways and Means Subcommittee on General Government. Representative Smith also serves as the Co-Vice Chair of the full Joint Ways and Means Committee. Additionally, he is the ranking member on the House Revenue Committee. To reach out, please visit Rep Smith’s Facebook Page or send him an email at email@example.com
Representative Greg Smith