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House of Representatives
Session of 2017 - 2018 Regular Session


Posted: April 20, 2018 10:04 AM
From: Representative Michael N. Corr
To: All House members
Subject: Income Tax Reporting for Estates and Revocable Trusts
In the near future I intend to introduce legislation that would permit the executor or administrator of a decedent’s estate to elect to file a combined annual income tax return for an estate and revocable trust during the period the estate is open. Under federal law, the estate of a decedent who dies with a revocable trust in place can elect to file a single annual income tax return (From 1041) that reports income earned by both entities (the estate and trust). Pennsylvania does not permit this practice so that a decedent’s estate and revocable trust are required to file separate income tax returns (Form PA 41) to report income earned by each during the year. The preparation and processing of two state income tax returns for each year the estate remains open is both inefficient and costly to the taxpayer and the Department of Revenue.

Please join me in co-sponsoring this bill.

Introduced as HB2303