Inheritance Tax Rate Reduction


Pennsylvania’s budget bill, Act 13 of 2019 (H.B. 262), signed by Governor Tom Wolf on June 28, 2019, made a significant change to the inheritance tax rate for children. The new law reduces the child rate from the standard 4.5% to 0% when inheriting from a natural parent, adoptive parent, or step-parent. This rate reduction applies to any child heir or beneficiary which is aged 21 or younger. Although signed on June 28, 2019, the rate reduction only applies to parents of children who die after December 31, 2019.

About the authors: Philip J. Scolieri, Esq. is the owner of Scolieri Law Group, P.C. and Jacqueline H. Brangard, Esq. is an associate attorney at Scolieri Law Group, P.C. Scolieri Law Group is law firm which assists business and private clients with real estate, construction, and corporate law. Scolieri Law Group also concentrates its practice in civil and commercial litigation, real estate, zoning, business and appellate law, as well as estate planning and administration, commercial litigation and the financing of private and commercial projects.