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Statutes Text

Article - Tax - General




§7–204.

    (a)    In this section, “clear value” means fair market value minus expenses.

    (b)    The inheritance tax rate is 10% of the clear value of the property that passes from a decedent.

    (c)    If a decedent died on or before May 31, 1975, the rate of the inheritance tax is the rate in effect on the date of the decedent’s death.