|Posted:||January 28, 2013 10:28 AM|
|From:||Senator Richard L. Alloway, II|
|To:||All Senate members|
|Subject:||UPDATED MEMO - Phasing Out of the PA Inheritance Tax|
|I plan to reintroduce SB272 of 2011. The intention of this legislation is to phase out the Pennsylvania Inheritance Tax by 2021.
The intention of this legislation is to phase out the Pennsylvania Inheritance Tax by 2012. This would be done in a series of phases:
The Pennsylvania Inheritance Tax is an extremely burdensome tax especially to family farms and small business owners.
The legislation was previously co-sponsored by: Alloway, Fontanna, Folmer, Brewster, Solobay, Yaw, Vogel, Erickson, Scarnati, Boscola, Mensch, Tomlinson, Costa, D. White, Greenleaf, Brubaker, and Waugh.
Introduced as SB496