Form Or-706 - Oregon Estate Transfer Tax Return - 2016 Page 3
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32016 Form OR-706
17511601030000
Page 3 of 3, 150-104-001 (Rev. 07-16)
Oregon Department of Revenue
, Estate
Part 5—Recapitulation
Round all amounts to the nearest whole dollar.
(a)
(b)
Gross Estate
Alternate value
Value at date of death
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•
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501. Schedule A—Real estate ..................................................................
501.
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.00
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502. Schedule B—Stocks and bonds ......................................................
502.
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503. Schedule C—Mortgages, notes, and cash ......................................
503.
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504. Schedule D—Insurance on the decedent’s life [include Form(s) 712] ...
504.
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505. Schedule E—Jointly owned property ...............................................
505.
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506. Schedule F—Other miscellaneous property .....................................
506.
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507. Schedule G—Transfers during decedent’s life ......................................
507.
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508. Schedule H—Powers of appointment ..............................................
508.
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509. Schedule I—Annuities ......................................................................
509.
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510. Total gross estate (add lines 501 through 509) .................................
510.
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511. Schedule U—Qualified conservation easement exclusion ...............
511.
512. Total gross estate less exclusion (line 510 minus line 511).
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Enter here and on part 2, line 1 ........................................................
512.
Amount
Deductions
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513. Schedule J—Funeral expenses and expense incurred in administering property subject to claims .........
513.
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514. Schedule K—Debts of the decedent ..........................................................................................................
514.
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515. Schedule K—Mortgages and liens .............................................................................................................
515.
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516. Total of lines 513 through 515 ...................................................................................................................
516.
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517. Allowable amount of deductions from line 516 (see instructions) ..............................................................
517.
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518. Schedule L—Net losses during administration ..........................................................................................
518.
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519. Schedule L—Expenses incurred in administering property not subject to claims .....................................
519.
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520. Schedule M—Bequests, etc., to surviving spouse (see instructions) or Oregon Schedule OR-OSMP .....
520.
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521. Schedule O—Charitable, public, and similar gifts and bequests ...............................................................
521.
.00
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522. Total deductions (add lines 517 through 521) (Enter here and on part 2, line 2) ......................................
522.
Part 6—Estate transfer tax table
Compute your tax for part 2 line 4 by applying the rates in the table below to the amount on part 2, line 3 (taxable estate).
Example: The taxable estate, part 2, line 3, is $1,700,000.
Column 1, the taxable amount is equal to or more than $1,500,000.
Column 2, the taxable amount is less than $2,500,000.
Column 3, tax on the amount in column 1 is $50,000.
Column 4, tax rate of 10.25 percent; apply to the taxable estate amount which is more than the amount in column 1.
$1,700,000 less $1,500,000 = $200,000 x 10.25% = $20,500 plus $50,000 = $70,500 total tax.
Enter your Oregon estate transfer tax on part 2, line 4.
Column 1
Column 2
Column 3
Column 4
Tax rate on taxable estate
Taxable estate equal
Taxable estate
Tax on amount
amount more than the amount
to or more than:
less than:
in column 1:
in column 1 (percent):
$ 1,000,000
$ 1,500,000
$
0
10.0%
1,500,000
2,500,000
50,000
10.25%
2,500,000
3,500,000
152,500
10.5%
3,500,000
4,500,000
257,500
11.0%
4,500,000
5,500,000
367,500
11.5%
5,500,000
6,500,000
482,500
12.0%
6,500,000
7,500,000
602,500
13.0%
7,500,000
8,500,000
732,500
14.0%
8,500,000
9,500,000
872,500
15.0%
9,500,000
1,022,500
16.0%
Include a copy of all required schedules and supporting documents.
Mail to: Oregon Department of Revenue, PO Box 14110, Salem OR 97309-0910
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