SB 356 — An Act amending the act of June 20, 1919 (P.L.521, No.258), referred to as the Transfer Inheritance Tax Law, changing the rate of commission.

PRINTER'S NO.    311

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                        SENATE BILL
                        No. 356
                                                Session of
                                                  2025

     INTRODUCED BY ARGALL, PENNYCUICK AND COSTA, FEBRUARY 28, 2025

     REFERRED TO FINANCE, FEBRUARY 28, 2025


                                     AN ACT
 1   Amending the act of June 20, 1919 (P.L.521, No.258), entitled
 2      "An act providing for the imposition and collection of
 3      certain taxes upon the transfer of property passing from a
 4      decedent who was a resident of this Commonwealth at the time
 5      of his death, and of property within this Commonwealth of a
 6      decedent who was a nonresident of the Commonwealth at the
 7      time of his death; defining and taxing transfers made in
 8      contemplation of death; defining as a transfer and taxing the
 9      right of survivorship in property as to which such right
10      exists; and making it unlawful for any corporation of this
11      Commonwealth, or national banking association located
12      therein, to transfer the stock of such corporation or banking
13      association, standing in the name of any such decedent, until
14      the tax on the transfer thereof has been paid; and providing
15      penalties; and citing certain acts for repeal," changing the
16      rate of commission.
17      The General Assembly of the Commonwealth of Pennsylvania
18   hereby enacts as follows:
19      Section 1.    Section 21 of the act of June 20, 1919 (P.L.521,
20   No.258), referred to as the Transfer Inheritance Tax Law, is
21   amended to read:
22      Section 21.     The registers of wills shall, immediately upon
23   assuming office, file with the Department of Revenue the bond
24   hereinafter required for the collection of the said tax in the
25   case of resident decedents. The registers of wills shall pay
 1   over to the general fund of the county for the use of the county
 2   [a percentage of the gross amount collected during any year, as
 3   follows: four and one-quarter per centum upon the tax collected,
 4   if such tax shall amount to a sum of two hundred thousand
 5   ($200,000) dollars or less; one and three-quarters per centum on
 6   the amounts collected in excess of two hundred thousand
 7   ($200,000) dollars and up to and including one million
 8   ($1,000,000) dollars; and one-half of one per centum on the
 9   amounts collected in excess of one million ($1,000,000)
10   dollars.] four and one-quarter per centum of the gross amount
11   collected during any year.
12      Section 2.   This act shall take effect in 60 days.




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