THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

INTRODUCED BY ARGALL, YUDICHAK AND WAUGH, JUNE 6, 2012

REFERRED TO FINANCE, JUNE 6, 2012  

AN ACT

Amending the act of June 20, 1919 (P.L.521, No.258), entitled,

as amended, "An act providing for the imposition and

collection of certain taxes upon the transfer of property

passing from a decedent who was a resident of this

Commonwealth at the time of his death, and of property within

this Commonwealth of a decedent who was a nonresident of the

Commonwealth at the time of his death; defining and taxing

transfers made in contemplation of death; defining as a

transfer and taxing the right of survivorship in property as

to which such right exists; and making it unlawful for any

corporation of this Commonwealth, or national banking

association located therein, to transfer the stock of such

corporation or banking association, standing in the name of

any such decedent, until the tax on the transfer thereof has

been paid; and providing penalties; and citing certain acts

for repeal," changing the rate of commission.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1.  Section 21 of the act of June 20, 1919 (P.L.521,

No.258), referred to as the Transfer Inheritance Tax Law,

amended December 19, 1986 (P.L.1732, No.207), is amended to

read:

Section 21.  The registers of wills shall, immediately upon

assuming office, file with the Department of Revenue the bond

hereinafter required for the collection of the said tax in the

case of resident decedents. The registers of wills shall pay

over to the general fund of the county for the use of the county

[a percentage] one per centum of the gross amount collected

during any year[, as follows: four and one-quarter per centum

upon the tax collected, if such tax shall amount to a sum of two

hundred thousand ($200,000) dollars or less; one and three-

quarters per centum on the amounts collected in excess of two

hundred thousand ($200,000) dollars and up to and including one

million ($1,000,000) dollars; and one-half of one per centum on

the amounts collected in excess of one million ($1,000,000)

dollars].

Section 2.  This act shall take effect in 60 days.