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Legislation


2004 Regular Session

HOUSE BILL 653

File Code: Taxes - Miscellaneous
Sponsored By:
Delegates Hixson, Bozman, C. Davis, Gordon, Healey, Howard, Marriott, and Patterson
Entitled:
Maryland Estate Tax - Unified Credit Effective Exemption Amount

Synopsis:

Limiting the unified credit used for determining the Maryland estate tax to the applicable credit amount corresponding to a $1,000,000 exclusion amount under the federal estate tax; requiring a person responsible for paying the inheritance tax to file an estate tax return and pay the estate tax if a federal estate tax return is not required to be filed; applying the Act to decedents dying after December 31, 2003; etc.

History by Legislative Date

House Action
2/4
First Reading Ways and Means
2/11
Hearing 2/25 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Sheila E. Hixson, District 20
Delegate K. Bennett Bozman, District 38B
Delegate Clarence Davis, District 45
Delegate Michael R. Gordon, District 17
Delegate Anne Healey, District 22
Delegate Carolyn J. B. Howard, District 24
Delegate Salima Siler Marriott, District 40
Delegate Obie Patterson, District 26
Bill indexed under the following Subjects:
ESTATES AND TRUSTS
FEDERAL GOVERNMENT
INHERITANCE TAX
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
Bill affects the following Statute:
Tax - General
( 7-309 )

Documents:

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