PA Inheritance Tax Rate Reduced to 0% for Parent to Child 21 and Under

Carolyn Whitworth
Tucker Arensberg, P.C.
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Tucker Arensberg, P.C.On June 28, 2019, the governor approved HB 262, which includes the reduction of the inheritance tax rate to 0% on property transferred from a natural parent, adoptive parent, or step-parent to or for the benefit of a child age 21 or under.  Reporting requirements presumably will still apply.  The provision takes effect Monday, July 1, 2019.

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