An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in inheritance tax, further providing for payment date and discount.

PRINTER'S NO. 1838
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1555
Session of
2025
INTRODUCED BY DIAMOND, STENDER, KAUFFMAN, JAMES, SCIALABBA,
ROWE, FLEMING, RIVERA, KENYATTA, GILLEN, BANTA AND ZIMMERMAN,
JUNE 4, 2025
REFERRED TO COMMITTEE ON FINANCE, JUNE 4, 2025
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," in inheritance tax, further providing for payment
date and discount.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2142 of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, is amended to read:
Section 2142. Payment Date and Discount.--Inheritance tax is
due at the date of the decedent's death and shall become
delinquent at the expiration of nine months after the decedent's
death. To the extent that the inheritance tax is paid within
three months after [the death of the decedent] the issuance of
the notice under section 2140, a discount of five per cent shall
be allowed.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Section 2. This act shall apply to tax years after December
31, 2026.
Section 3. This act shall take effect immediately.
20250HB1555PN1838 - 2 -
1
2
3