This bill amends the Tax Reform Code of 1971, specifically focusing on the inheritance tax provisions related to appraisement and deductions. It modifies the time frame for appraisements of property subject to tax, changing the period from six months to sixty days after the return has been filed. If the appraisement is not completed within this time frame, it can be extended by the court upon request from any interested party, including the personal representative.

Additionally, the bill alters the timeline for determining deductions claimed on tax returns, also changing the period from six months to sixty days after the claim has been filed. Similar to the appraisement process, if the determination is not made within this period, the court can extend the time upon request. The bill maintains provisions for the court to allow deductions during the audit of accounts without requiring a separate claim, while also stipulating that deductions exceeding $100 will not be permitted unless the Commonwealth is represented at the audit or there is proof of prior notice to the register. The act is set to take effect in 60 days.