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Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20150&cosponId=17669
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House of Representatives
Session of 2015 - 2016 Regular Session

MEMORANDUM

Posted: March 4, 2015 11:52 AM
From: Representative Carl Walker Metzgar
To: All House members
Subject: Inheritance Tax Elimination for Children Age of 21 and Under (Former HB 659 - Session 2013-2014)
 
In the near future, I am planning to re-introduce legislation that will add a section to the current inheritance tax law by eliminating the inheritance tax rate for transfers of property to or for the use of a child aged 21 years or younger from a natural parent, adoptive parent or step-parent.

It was brought to my attention by the Register of Wills and Clerk of Courts of Orphans’ Court in Somerset County that a change was made to Pennsylvania’s inheritance tax law in 2000. The inheritance tax law was amended to provide an inheritance tax rate of 0% on property transferred from a child aged 21 or younger to a natural parent, adoptive parent or step-parent. However, when property is transferred from the parent to the minor child, it is currently subject to an inheritance tax rate of 4.5%.

My legislation will ensure that minor children who inherit property when a natural, adoptive or step-parent passes way will not be subject to the inheritance tax. There have been cases in Somerset County where a minor child has had to pay inheritance tax on property that was jointly owned, such as a joint savings account, when the parent passed away. By changing the tax rate to 0%, this would eliminate the child from being subject to such a tax.

Please join me in cosponsoring this important piece of legislation.

Prior Sponsors: AUMENT, BARRAR, BENNINGHOFF, BLOOM, BOBACK, BROOKS, V. BROWN, CUTLER, DAVIS, DEASY, DUNBAR, EVANKOVICH, FLECK, GABLER, GOODMAN, GROVE, HAHN, HARKINS, HENNESSEY, HESS, HICKERNELL, KAUFFMAN, M. K. KELLER, KORTZ, MACKENZIE, METZGAR, MILLARD, MILNE, MURT, MUSTIO, PASHINSKI, QUINN, RAPP, READSHAW, REESE, ROCK, SANKEY, SCHLEGEL- CULVER, STEPHENS, SWANGER, TALLMAN, WATSON



Introduced as HB971