Bill Text: PA HB1466 | 2011-2012 | Regular Session | Introduced

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Bill Title: Further providing for the imposition of inheritance tax.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-06-06 - Referred to FINANCE [HB1466 Detail]

Download: Pennsylvania-2011-HB1466-Introduced.html

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PRINTER'S NO. 2020
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1466 Session of2011
INTRODUCED BY GOODMAN, BARRAR, BOYD, BURNS, CALTAGIRONE, D. COSTA, CREIGHTON, DALEY, DAVIS, DAY, DeLUCA, EVERETT, FABRIZIO, FLECK, GEIST, GEORGE, GERGELY, GIBBONS, GILLESPIE, GINGRICH, GODSHALL, HENNESSEY, HORNAMAN, HUTCHINSON, KILLION, KNOWLES, KULA, MAHONEY, MARSHALL, MATZIE, MILLARD, MOUL, MURPHY, MURT, MUSTIO, M. O'BRIEN, PERRY, PETRARCA, QUINN, READSHAW, K. SMITH, STEVENSON AND WATSON, JUNE 6, 2011
REFERRED TO COMMITTEE ON FINANCE, JUNE 6, 2011
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," further providing for the imposition of
inheritance tax.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2107 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is amended by
adding a subsection to read:
Section 2107. Transfers Subject to Tax.--* * *
(e) Notwithstanding any provision of this article to the
contrary, no inheritance tax shall be imposed on the first one
hundred thousand dollars ($100,000) of value of any property
subject to this article transferred or passing to or for the use
of anyone.
Section 2. This act shall take effect immediately.
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