PRINTER'S NO. 3412
No. 2515 Session of 1998
INTRODUCED BY HASAY, TIGUE, TRELLO, FARGO, GEIST, STERN, COY,
DeWEESE, BELFANTI, WOJNAROSKI, MARSICO, HALUSKA, FICHTER,
SCHULER, STEVENSON, E. Z. TAYLOR, WALKO, McCALL, HERSHEY,
WILT, HESS, McNAUGHTON, CURRY, OLASZ, MICOZZIE, BAKER, EGOLF,
ORIE, FAIRCHILD, ZUG, RUBLEY, READSHAW, STABACK, PRESTON,
BROWNE, JAROLIN, ROSS, BUNT, MAITLAND, DeLUCA, ROBINSON AND
YEWCIC, APRIL 21, 1998
REFERRED TO COMMITTEE ON FINANCE, APRIL 21, 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 inheritance tax payment
11 dates.
12 The General Assembly of the Commonwealth of Pennsylvania
13 hereby enacts as follows:
14 Section 1. Section 2142 of the act of March 4, 1971 (P.L.6,
15 No.2), known as the Tax Reform Code of 1971, added August 4,
16 1991 (P.L.97, No.22), is amended to read:
17 Section 2142. Payment Date and Discount.--Inheritance tax is
18 due at the date of the decedent's death and shall become
19 delinquent at the expiration of nine months after the decedent's
20 death. To the extent that the inheritance tax is paid within
1 [three] four months after the death of the decedent, a discount
2 of five per cent shall be allowed.
3 Section 2. The amendment of section 2142 of the act shall
4 apply to the estates of decedents who die on or after the
5 effective date of this act.
6 Section 3. This act shall take effect in 60 days.
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