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PA SB750

Bill

Official Source

Status

Introduced

6/9/2025

Primary Sponsor

Michele Brooks

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Reduces Pennsylvania's inheritance tax rate for property transfers to siblings from the current flat 12% to 0% over an eight-year period beginning July 1, 2026

  • Establishes annual rate reductions: 11% (2026-27), 10% (2027-28), 9% (2028-29), 8% (2029-30), 6% (2030-31), 4% (2031-32), 2% (2032-33)

  • Eliminates the sibling inheritance tax entirely for estates of decedents dying on or after July 1, 2033

  • Amends Section 2116 of the Tax Reform Code of 1971

  • Takes effect immediately upon enactment

Legislative Description

In inheritance tax, further providing for the rate of inheritance tax.

Last Action

Referred to Finance

6/9/2025

Committee Referrals

Finance6/9/2025

Full Bill Text

No bill text available