Pennsylvania HB2066 repeals inheritance tax provisions, changes reassessment procedures, and alters taxability of government obligations.
HB2066 repeals the inheritance tax provisions in Pennsylvania's Tax Reform Code of 1971. It removes the inheritance and estate tax sections, affecting how inheritance is taxed and assessed. The bill also modifies procedures for petitioning for reassessment and changes the rules for taxing government obligations. The repeal and changes apply to decedents who die on or after the effective date of the act.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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