You Asked: Oregon Natural Resource Excluson & Resouce Credit. 4 Part Series

Article | July 2, 2025

Part 3: What is the Oregon Natural Resource Credit, and how does it work?

The Oregon Natural resource Credit is similar to the Oregon Natural Resource Exclusion in that it helps to pass down natural resource properties within families while reducing the Oregon Estate Tax, but is has some different qualifications. In general, if the estate cannot fully exclude the value of qualifying natural resource property under the exclusion (discussed in prior issues), the Oregon Natural Resource Credit offers an additional avenue for estate tax savings.

Key details:

• The credit reduces the Oregon estate tax liability for estates that include qualifying natural resource property.

Eligibility and requirements:

• The property must meet the same criteria for natural resource use as required for the exclusion.
• The credit is applied to reduce the Oregon estate tax owed after considering other exclusions and deductions.
• The credit may apply if the value of natural resource property exceeds the $15 millionexclusion and estate taxes are still owed.

If you have an interest in discovering more about the OR-NRE or the OR-NRC, look for our three next issues, where we’ll outline both programs, or call our office to speak with Joseph Lewis or Glenn Munro.