2005 Regular Session

HOUSE BILL 136

File Code: Taxes - Miscellaneous
Sponsored By:
Delegates Costa, Boschert, Dwyer, Frank, Leopold, McConkey, McMillan, and Sophocleus
Entitled:
Maryland Estate Tax - Federal Credit and Federal Deduction for State Death Taxes and Unified Credit Effective Exemption Amount

Synopsis:

Repealing a requirement that the Maryland estate tax be determined without regard to a specified reduction or repeal of the federal credit for State death taxes paid; repealing a limit on the unified credit used for determining the Maryland estate tax; repealing a requirement that a person responsible for paying the inheritance tax file an estate tax return and pay the estate tax under specified circumstances; etc.

History by Legislative Date

House Action
1/19
First Reading Ways and Means
1/26
Hearing 2/8 at 11:00 a.m.
3/14
Unfavorable Report by Ways and Means
Senate Action
No Action

Sponsored by:

Delegate Robert A. Costa, District 33B
Delegate David G. Boschert, District 33A
Delegate Donald H. Dwyer, Jr., District 31
Delegate William J. Frank, District 42
Delegate John R. Leopold, District 31
Delegate Tony McConkey, District 33A
Delegate Herb McMillan, District 30
Delegate Theodore Sophocleus, District 32

Bill indexed under the following Subjects:

DEATH -see also- ADVANCE MEDICAL DIRECTIVES; WRONGFUL DEATH.
ESTATES AND TRUSTS
EXEMPTIONS
FEDERAL GOVERNMENT
INHERITANCE TAX
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General
( 7-304 , 7-309 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered