PRINTER'S NO. 2762
No. 2113 Session of 1998
INTRODUCED BY LUCYK, GEORGE, GORDNER, DeWEESE, COY, WAUGH,
GODSHALL, E. Z. TAYLOR, BATTISTO, WILT, BOSCOLA, LAUGHLIN,
BELFANTI, ROBERTS, STEELMAN, ZIMMERMAN, SAYLOR, ALLEN, OLASZ,
JAROLIN, McCALL, YOUNGBLOOD, READSHAW, ITKIN, HESS, SURRA AND
WALKO, JANUARY 15, 1998
REFERRED TO COMMITTEE ON FINANCE, JANUARY 15, 1998
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 imposition of
11 inheritance tax.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 2107 of the act of March 4, 1971 (P.L.6,
15 No.2), known as the Tax Reform Code of 1971, is amended by
16 adding a subsection to read:
17 Section 2107. Transfers Subject to Tax.--* * *
18 (e) Notwithstanding any provision of this article to the
19 contrary, no inheritance tax shall be imposed on the first one
20 hundred thousand dollars ($100,000) of value of any property
21 subject to this article transferred or passing to or for the use
1 of anyone.
2 Section 2. This act shall take effect immediately.
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