Pennsylvania SB 750: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in inheritance tax, further providing for the rate of inheritance tax.

Bill Text

PRINTER'S NO. 924
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 750
Session of
2025
INTRODUCED BY BROOKS, HUTCHINSON, ROTHMAN, PHILLIPS-HILL,
BOSCOLA, BAKER, CULVER, COSTA, STEFANO, J. WARD, DUSH, FARRY
AND MASTRIANO, JUNE 9, 2025
REFERRED TO FINANCE, JUNE 9, 2025
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in inheritance tax, further providing for the
rate of inheritance tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2116(a)(1.3) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
to read:
Section 2116. Inheritance Tax.--(a) * * *
(1.3) Inheritance tax upon the transfer of property passing
to or for the use of a sibling shall be at the rate [of twelve
per cent.] provided in the following schedule:
(i) Twelve per cent for the estate of a decedent dying
before July 1, 202 6.
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(ii) Eleven per cent for the estate of a decedent dying on
or after July 1, 2026, and before July 1, 2027.
(iii) Ten per cent for the estate of a decedent dying on or
after July 1, 2027, and before July 1, 2028.
(iv) Nine per cent for the estate of a decedent dying on or
after July 1, 2028, and before July 1, 2029.
(v) Eight per cent for the estate of a decedent dying on or
after July 1, 2029, and before July 1, 2030.
(vi) Six per cent for the estate of a decedent dying on or
after July 1, 2030, and before July 1, 2031.
(vii) Four per cent for the estate of a decedent dying on or
after July 1, 2031, and before July 1, 2032.
(viii) Two per cent for the estate of a decedent dying on or
after July 1, 2032, and before July 1, 2033.
(ix) Zero per cent for the estate of a decedent dying on or
after July 1, 2033, and each year thereafter.
* * *
Section 2. This act shall take effect immediately.
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