Bill Text: PA HB655 | 2013-2014 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Further providing for definitions and for inheritance tax.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2013-02-11 - Referred to FINANCE [HB655 Detail]

Download: Pennsylvania-2013-HB655-Introduced.html

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PRINTER'S NO. 732

 

THE GENERAL ASSEMBLY OF PENNSYLVANIA

 

HOUSE BILL

No.

655

Session of 2013

 

 

 

INTRODUCED BY MURT, MILLARD, NEUMAN, STEPHENS, V. BROWN, EVERETT, O'BRIEN, BAKER, GODSHALL, FLECK, KORTZ, KAVULICH, STEVENSON, MAHONEY, GINGRICH, ROCK, BARRAR, MCGEEHAN, EVANKOVICH, ROSS, READSHAW, HESS, MILNE, MOUL, GROVE AND WATSON, FEBRUARY 11, 2013

 

 

REFERRED TO COMMITEE ON FINANCE, FEBRUARY 11, 2013

 

 

 

AN ACT

 

Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," further providing for definitions and for
inheritance tax.

The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:

Section 1. Section 2102 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is amended by
adding a definition to read:

Section 2102. Definitions.--The following words, terms and
phrases, when used in this article, shall have the meanings
ascribed to them in this section, except where the context
clearly indicates a different meaning:

* * *

"Child with a disability." A person who:

(1) due to disability remains eligible to receive either
present or future Federal Social Security family benefits based
on the Social Security earnings record of either of the person's
parents; and

(2) meets one of the following:

(i) is a disabled adult child whose disability began on or
before attaining 22 years of age for the purpose of the
supplemental security income program under Title XVI of the
Social Security Act (49 Stat. 620, 42 U.S.C. § 301 et seq.) and
is eligible to receive supplemental security income and medical
assistance benefits; or

(ii) has been determined to be disabled for purposes of the
supplemental security income program on or before attaining 18
years of age, regardless of whether the parental income levels
make the person eligible to receive supplemental security income
and medical assistance benefits.

* * *

Section 2. Section 2116(a) of the act is amended by adding a
clause to read:

Section 2116. Inheritance Tax.--(a) * * *

(1.4) Inheritance tax upon the transfer of property and
other assets either directly to a child with a disability or to
a trust for the benefit of a child with a disability from a
natural parent, an adoptive parent or a stepparent of the child
shall be at the rate of zero per cent.

* * *

Section 3. This act shall apply to the estates of decedents
dying on or after the effective date of this section.

Section 4. This act shall take effect in 60 days.