Tag: PA inheritance tax exemption

New PA Inheritance Exemption for Small Businesses

Pennsylvania’s 2013-14 budget passed the legislature and was signed into law by the Governor on July 9, 2013. Tucked away in Section 34 on page 143 of the 165 page Act 52 is a new inheritance tax exemption for qualified family-owned businesses. It states: “A transfer of a qualified family-owned business interest to one or… Read More