New law eliminates inheritance, realty transfer tax on family farms
Pennsylvania Senate Majority Leader Dominic Pileggi, R-9, of Chester, and Senate Agriculture & Rural Affairs Committee Chairman Elder Vogel, R-47, announced that Gov. Tom Corbett has signed a new law exempting family farms from the inheritance tax and the realty transfer tax. “Too many families have been forced to sell their farms in order to pay onerous death taxes,” Pileggi said. “This new law will…