PRINTER'S NO. 57
No. 84 Session of 1995
INTRODUCED BY GEIST, HERSHEY, FARGO, JAROLIN, FICHTER, MICOZZIE,
HESS, TIGUE, ITKIN, PETTIT, RUDY, PHILLIPS, LYNCH, WOZNIAK,
PESCI, VAN HORNE, READSHAW, D. R. WRIGHT, TRELLO,
CAPPABIANCA, L. I. COHEN, MUNDY, LAUGHLIN AND McCALL,
JANUARY 19, 1995
REFERRED TO COMMITTEE ON FINANCE, JANUARY 19, 1995
AN ACT
1 Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
2 act relating to tax reform and State taxation by codifying
3 and enumerating certain subjects of taxation and imposing
4 taxes thereon; providing procedures for the payment,
5 collection, administration and enforcement thereof; providing
6 for tax credits in certain cases; conferring powers and
7 imposing duties upon the Department of Revenue, certain
8 employers, fiduciaries, individuals, persons, corporations
9 and other entities; prescribing crimes, offenses and
10 penalties," further providing for the administrative expenses
11 of estates.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 2127(1) of the act of March 4, 1971
15 (P.L.6, No.2), known as the Tax Reform Code of 1971, added
16 August 4, 1991 (P.L.97, No.22), is amended to read:
17 Section 2127. Expenses.--The following expenses may be
18 deducted from the value of the property transferred:
19 (1) Administration expenses. All reasonable expenses of
20 administration of the decedent's estate and of the assets
21 includable in the decedent's taxable estate are deductible. In
1 addition to the reasonable administrative expenses, whenever an
2 executor or administrator prepares an inheritance tax return
3 without advice of legal counsel, the executor or administrator
4 shall be entitled to the lessor of twelve per cent of the estate
5 or one thousand dollars ($1,000) for total expenses.
6 * * *
7 Section 2. This act shall apply to estates of decedents
8 dying on or after the effective date of this act.
9 Section 3. This act shall take effect in 60 days.
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