Legislation intended to end other consequences of Pennsylvania’s inheritance tax has moved to the full state House.
The measure introduced by State Representative Michele Brooks, serving parts of Crawford, Mercer and Lawrence Counties, would phase out the twelve percent inheritance tax rate paid by sibling heirs of a deceased individual upon the transfer of property to the survivors. It would also eliminate the 4.5 percent rate paid by surviving parents and grandparents or the spouse of a child.
Previous efforts to end the so-called “death tax” have resulted in the elimination of inheritance taxes levied on family farms and small family businesses.
Brooks’ legislation has cleared the House Finance Committee, and will now go on to the House floor.