Bill > HB2066

This bill repeals Article XXI of Pennsylvania's Tax Reform Code, which governs inheritance taxes, effectively eliminating the state's inheritance tax system for decedents dying on or after the bill's effective date. The bill removes comprehensive provisions that previously established rules for assessing, collecting, and managing inheritance taxes, including detailed definitions of taxable transfers, tax rates for different types of beneficiaries, valuation methods, payment procedures, and administrative processes. Specifically, the bill eliminates tax rates that previously ranged from 0% to 15% depending on the relationship between the deceased and the inheritor, removes complex regulations about how different types of property transfers are taxed, and cancels requirements for filing inheritance tax returns. The repeal will apply to inheritance taxes for decedents whose date of death is on or after the bill's effective date, which is 60 days after its passage. By eliminating the inheritance tax, the bill aims to simplify estate transfer processes and potentially reduce the tax burden on individuals inheriting property from deceased relatives.

Budget and Finance

https://www.palegis.us/legislation/bills/2025/hb2066