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PENNSYLVANIA INHERITANCE TAX REDUCED Effective July 1, 2000, a law lowering the inheritance tax in Pennsylvania became effective. The new rates apply to the estate of any person dying on or after July 1, 2000. These are the new rates: a. The inheritance tax rate for transfer from parent to child (ren) was decreased from 6% to 4.5%; b. And from 15% to 12% for siblings. The rate for all other persons not so related is unchanged and remains at 15% NOTE: As of January 1, 1995, the Pa.inheritance tax for property passing from spouse to spouse upon death was abolished. NOTE: As of July 1, 2000 the State of Delaware has abolished the Inheritance completely.
Ó 2000 James
W. Pearson, Jr., All Rights Reserved FOR
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