Pennsylvania HB105 amends inheritance tax to exempt up to $100,000 of a decedent's estate from the tax.
Pennsylvania HB105 amends the Tax Reform Code of 1971 to modify the inheritance tax. It introduces an exemption of up to $100,000 of a decedent's estate from the tax, which is apportioned among transfers from the estate in proportion to the amount of the transfer to the entire estate. This change affects individuals and entities involved in inheritance tax collection, administration, and enforcement. The bill takes effect 60 days after enactment.
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