Pennsylvania HB1394 repeals inheritance tax provisions and modifies procedures and obligations.

Pennsylvania HB1394 repeals the inheritance tax provisions in the Tax Reform Code of 1971, affecting transfers, exemptions, and tax rates. It eliminates the inheritance tax on transfers of property, removes the requirement for filing inheritance tax returns, and alters the taxability of government obligations. The bill also modifies procedures for reassessment petitions and the administration of inheritance and estate taxes.

Pennsylvania HB1394 repeals inheritance tax provisions and modifies procedures and obligations.

Pennsylvania HB1394 repeals the inheritance tax provisions in the Tax Reform Code of 1971, affecting transfers, exemptions, and tax rates. It eliminates the inheritance tax on transfers of property, removes the requirement for filing inheritance tax returns, and alters the taxability of government obligations. The bill also modifies procedures for reassessment petitions and the administration of inheritance and estate taxes.