|Posted:||December 11, 2014 12:15 PM|
|From:||Senator Richard L. Alloway, II|
|To:||All Senate members|
|Subject:||Reintroduction Memo: Phasing Out of the PA Inheritance Tax|
|Since taking office in 2009, I have, as my very first bill, introduced a plan to phase out the Pennsylvania Inheritance Tax. This year is no different, as I plan to reintroduce SB 496 of 2013.
The intention of this legislation is to phase out the Pennsylvania Inheritance Tax by 2023. This would be done in a series of stages, over a period of 8 years:
Farm families and small businesses have already reaped the benefits of an inheritance tax elimination. Now is the time to eliminate this tax once and for all. At the time of death of a loved-one, the last thing that a family should worry about is a tax.
Please join me in working to provide families with the relief that they so desperately need during their time of grieving.
The legislation was previously co-sponsored by Senators: Alloway, Baker, Boscola, Brewster, Costa, Eichelberger, Folmer, Fontana, Greenleaf, Hutchinson, McIlhenney, Mensch, Rafferty, Tomlinson, Vogel, Vulakovich, and Yaw.
Introduced as SB69