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PA SB751
Bill
Status
6/9/2025
Primary Sponsor
Michele Brooks
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AI Summary
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Gradually reduces Pennsylvania's inheritance tax rate for transfers to direct family members (grandparents, parents, lineal descendants, and spouses of children) from 4.5% to 0% over a 10-year period beginning July 1, 2026
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Rate decreases by approximately 0.25-0.5 percentage points annually: 4.25% (2026-2027), 4% (2027-2028), 3.75% (2028-2029), 3.25% (2029-2030), 2.75% (2030-2031), 2.25% (2031-2032), 1.75% (2032-2033), 1.25% (2033-2034), 0.75% (2034-2035)
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Eliminates the inheritance tax entirely for qualifying family transfers for decedents dying on or after July 1, 2035
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Amends Section 2116 of the Tax Reform Code of 1971 and 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