Pennsylvania Inheritance Tax Bill Before Senate — The House voted this week in support of legislation to eliminate the inheritance tax on property transferred upon the death of a natural, adoptive or step-parent to or for the use of a child 21 years of age or younger.
House Bill 659 would eliminate the current 4.5 percent tax placed on a property transfer of that type. The bill unanimously passed the House last session and is one step in dealing with the levy commonly referred to as the “death tax.” Current law does not tax the transfer of property upon the death of a child 21 years of age or younger to or for the use of a natural, adoptive or step-parent, and this bill seeks to ensure children also would not be taxed in the event of a property transfer.
House Bill 659 goes to the Senate for consideration.
Pennsylvania Inheritance Tax Bill Before Senate
For clarification, this is a Pa. House bill, not U.S. House.
Good catch