Pennsylvania Estate Tax
This was a death tax which was separate from the
Pennsylvania Inheritance Tax and only due when
Federal estate taxes
were due.
The IRS granted each individual
decedent a credit towards the amount of Federal estate tax, which credit
was equal to the amount of state estate tax that is actually paid. The
credit had a fixed upper limit, regardless of the amount of state estate tax
that is paid.
When Federal estate taxes were due, Pennsylvania imposed an estate tax equal
to the highest amount of credit available. Otherwise, the Pennsylvania
estate was not owed.
