PA HB796

Reduces the inheritance tax rate for transfers to lineal descendants (grandparents, parents, children) and spouses/widows/widowers of children from 4.5% to a maximum of 3.07%, tied to the state personal income tax rate

Reduces the inheritance tax rate for transfers to siblings from 12% to a maximum of 3.07%, also tied to the state personal income tax rate

Applies only to estates of decedents dying after June 30, 2025

Takes effect immediately upon enactment

Amends Section 2116 of the Tax Reform Code of 1971