Moul Bill Would Exempt Many from Inheritance Tax
10/17/2011
HARRISBURG – Rep. Dan Moul (R-Adams/Franklin) testified before the House Finance Committee today on his legislation to impose an inheritance tax on estate transfers that exceed $250,000. Under current law, all transfers to beneficiaries are taxed.
 
Rep. Moul testified before the House Finance Committee on his legislation to exempt the first $250,000 from the inheritance tax.  Under present law all inheritance transfers are taxed. House Bill 1103 would raise the ceiling.


“My legislation will ease the burden on Pennsylvania’s family farmers and businesses that pass their livelihood on to their children. In fact, House Bill 1103 will exempt most people in the Commonwealth from paying an inheritance tax,” said Moul. “Under my bill, inheritance taxes would not be assessed on amounts under the $250,000 threshold. Only the amount that exceeds $250,000 would be subject to the tax.”

House Bill 1103 is under consideration in the House Finance Committee.


State Representative Dan Moul
91st District, Pennsylvania House of Representatives
RepMoul.com
Contact: Donna Pinkham 
dpinkham@pahousegop.com
717.260.6452
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