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 the rate of inheritance tax.

SB 751 gradually reduces Pennsylvania's inheritance tax rates for transfers to certain family members, including parents, grandparents, children, and spouses. It lowers the tax rate step-by-step over time, starting at 4.5% for deaths before July 1, 2026, and decreasing to 0% for deaths on or after July 1, 2035. This directly affects Pennsylvania residents inheriting property from immediate family members as defined in the tax code. The bill modifies Section 2116(a)(1) of the 1971 Tax Reform Code to establish these phased rate reductions.