Oregon Statutes 118.005 – Definitions for ORS 118.005 to 118.540
As used in ORS § 118.005 to 118.540, unless the context requires otherwise:
Terms Used In Oregon Statutes 118.005
- Decedent: A deceased person.
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) ‘Beneficiary’ means the recipient of a beneficial interest in property or the income therefrom transferred in a manner taxable under ORS § 118.005 to 118.540.
(2) ‘Department’ means the Department of Revenue.
(3) ‘Director’ means the Director of the Department of Revenue.
(4) ‘Executor’ means the executor, administrator, personal representative, fiduciary, or custodian of property of the decedent, or, if there is no executor, administrator, fiduciary or custodian appointed, qualified and acting, then any person who is in the actual or constructive possession of any property includable in the estate of the decedent for estate tax purposes whether or not such estate is subject to administration.
(5) ‘Federal taxable estate’ means the taxable estate as determined under subtitle B, chapter 11 of the Internal Revenue Code.
(6) ‘Gross estate’ has the meaning given that term in section 2031 of the Internal Revenue Code.
(7) ‘Oregon taxable estate’ means the federal taxable estate with the adjustments provided by ORS § 118.010 (3).
(8) ‘Passes’ includes any case where for the purposes of ORS § 118.005 to 118.540 a taxable transfer takes place or is deemed to take place.
(9) ‘Personal representative’ means personal representative as defined in ORS § 111.005. [1959 c.418 § 7; 1969 c.520 § 23; 1971 c.567 § 4; 1973 c.344 § 1; 1975 c.762 § 1; 1977 c.666 § 1; 1997 c.99 § 6; 2011 c.526 § 1]