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7/7/2010 INHERITANCE TAX REFERENCE SHEET HISTORIC TAX RATES EFFECTIVE AS OF DATE OF DEATH SPOUSE LINEAL SIBLING COLLATERAL* 04-07-1826 TO 04-22-1846 0% 0% 2½% 2½% 04-23-1846 TO 07-10-1917 0 0 5 5* 07-11-1917 TO 05-04-1921 2 2 5 5* 05-05-1921 TO 12-10-1951 2 2 10 10* 12-11-1951 TO 12-29-1967 @ 4:00 PM 2 2 15 15* 12-29-1967 AFTER 4:00pm TO 06-30-1994 6 6 15 15 07-01-1994 TO 12-31-1994 3 6 15 15 01-01-1995 TO 06-30-2000 0 6 15 15 07-01-2000 TO PRESENT 0 4.5** 12 15 • *Until May 31, 1957, charities were considered collateral Beneficiaries. • **Effective 7-1-2000 Transfers from a child, under age 22, to a natural, adoptive or stepparent is at a zero tax rate. HISTORIC INTEREST RATES Date of Delinquency Annual Rate Daily Factor Date of Delinquency Annual Rate Daily Factor 05-29-1943 TO 12-31-1981 6 .000164 01-01-2000 TO 12-31-2000 8 .000219 01-01-1982 TO 12-31-1982 20 .000548 01-01-2001 TO 12-31-2001 9 .000247 01-01-1983 TO 12-31-1983 16 .000438 01-01-2002 TO 12-31-2002 6 .000164 01-01-1984 TO 12-31-1984 11 .000301 01-01-2003 TO 12-31-2003 5 .000137 01-01-1985 TO 12-31-1985 13 .000356 01-01-2004 TO 12-31-2004 4 .000110 01-01-1986 TO 12-31-1986 10 .000274 01-01-2005 TO 12-31-2005 5 .000137 01-01-1987 TO 12-31-1987 9 .000247 01-01-2006 TO 12-31-2006 7 .000192 01-01-1988 TO 12-31-1991 11 .000301 01-01-2007 TO 12-31-2007 8 .000219 01-01-1992 TO 12-31-1992 9 .000247 01-01-2008 TO 12-31-2008 7 .000192 01-01-1993 TO 12-31-1994 7 .000192 01-01-2009 TO 12-31-2009 5 .000137 01-01-1995 TO 12-31-1998 9 .000247 01-01-2010 TO 12-31-2010 4 .000110 01-01-1999 TO 12-31-1999 7 .000192 HISTORIC DELINQUENCY PERIODS 1. ON ORIGINAL INHERITANCE TAX RETURNS a. BEFORE 12-21-1965 12 MONTHS AFTER DEATH b. FROM 12-22-1965 TILL 06-16-1971 15 MONTHS AFTER DEATH c. FROM 06-17-1971 TILL PRESENT 9 MONTHS AFTER DEATH 2. INHERITANCE TAX REMAINDER RETURNS: (For D.O.D. prior to December 13, 1982) a. Original Decedent’s D.O.D. Before 01-01-1962- Immediately Upon Actual Distribution To Remaindermen b. Original decedent’s D.O.D. After 12-31-1961-Three Months After Death of Life Tenant or Election To Prepay 3. ESTATE TAX BASED ON ORIGINAL FEDERAL #706 OR PA-706: a. From 01-01-1962 to 10-02-1991 18 MONTHS AFTER DEATH b. From 10-03-1991 till 12-31-2004 9 MONTHS AFTER DEATH ****For Dates of Death on or after 7-1-2002, The return is due 10 Months after D.O.D. of Decedent; PA Estate tax is zero for all estates where the decedent died on or after 01/01/2005; a copy of Federal 706 must still be filed with the ROW. 4. ESTATE TAX BASED ON FINAL FEDERAL CLOSING LETTER: a. FROM 01-01-62 TO 12-31-2004 30 DAYS AFTER DATE ON FAMILY EXEMPTION ALLOWANCE EFFECTIVES DATES OF DEATH AVAILABLE ALLOWANCE ACT of 1851, AMENDED 1913 $ 300.00 ACT of 1947 500.00 ACT of 1949 750.00 From 11-10-1959 TO 05-04-1970 1,000.00 FROM 05-05-1970 TO 06-26-1974 1,500.00 FROM 06-27-1974 TILL 01-29-1995 2,000.00 FROM 01-30-1995 TO PRESENT 3,500.00