2012 Regular Session

SENATE BILL 294

File Code: Taxes - Miscellaneous Crossfiled with: HOUSE BILL 444
Sponsored By:
Senators Miller, Young, Astle, Benson, Brinkley, Colburn, DeGrange, Dyson, Edwards, Garagiola, Getty, Glassman, Jacobs, Jennings, Kasemeyer, King, Klausmeier, Manno, Mathias, McFadden, Middleton, Montgomery, Peters, Pinsky, Pipkin, Reilly, Robey, Shank, Stone, Forehand, Jones-Rodwell, Kittleman, and Simonaire
Entitled:
Family Farm Preservation Act of 2012

Synopsis:

Altering the determination of the Maryland estate tax under specified circumstances to exclude from the value of the gross estate up to $5,000,000 of the value of qualified agricultural property; providing that the Maryland estate tax on qualified agricultural property may not exceed 5% of the value of specified agricultural property exceeding $5,000,000; providing for the recapture of specified Maryland estate tax under specified circumstances; requiring the Comptroller to adopt specified regulations; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
1/26
First Reading Budget and Taxation
1/31
Hearing 2/8 at 1:00 p.m.
3/23

Favorable with Amendments Report by Budget and Taxation
3/20
Favorable with Amendments {679837/1 Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (46-0)
4/3
Returned Passed
House Action
3/24
First Reading Ways and Means
3/28
Hearing 4/3 at 1:00 p.m.
4/6
Favorable Report by Ways and Means
4/1
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (125-0)
Action after passage in Senate and House
5/22
Approved by the Governor
- Chapter 448

Sponsored by:

Senator Thomas V. Mike Miller, Jr., District 27
Senator John C. Astle, District 30
Senator Joanne C. Benson, District 24
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator James E. DeGrange, Sr., District 32
Senator Roy P. Dyson, District 29
Senator George C. Edwards, District 1
Senator Jennie M. Forehand, District 17
Senator Rob Garagiola, District 15
Senator Joseph M. Getty, District 5
Senator Barry Glassman, District 35
Senator Nancy Jacobs, District 34
Senator J. B. Jennings, District 7
Senator Verna L. Jones-Rodwell, District 44
Senator Edward J. Kasemeyer, District 12
Senator Nancy J. King, District 39
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator Roger P. Manno, District 19
Senator James N. Mathias, Jr., District 38
Senator Nathaniel J. McFadden, District 45
Senator Thomas M. Middleton, District 28
Senator Karen S. Montgomery, District 14
Senator Douglas J. J. Peters, District 23
Senator Paul G. Pinsky, District 22
Senator E. J. Pipkin, District 36
Senator Edward R. Reilly, District 33
Senator James N. Robey, District 13
Senator Christopher B. Shank, District 2
Senator Bryan W. Simonaire, District 31
Senator Norman R. Stone, Jr., District 6
Senator Ronald N. Young, District 3

Bill indexed under the following Subjects:

Agriculture -see also- Farmland
Comptroller
Death -see also- Advance Medical Directives; Wrongful Death.
Equipment -see also- Motor Vehicle Equipment
Estates and Trusts
Exemptions
Farmland
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations

Bill affects the following Statute:

Tax - General
( 7-309 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 679837/01     Offered on: March 23, 2012   at: 6:22 p.m.     Status: Adopted
Committee Votes :
Senate
Budget and Taxation
House
Ways and Means
Roll Call Votes (Legislative dates are shown):
Senate
March 22, 2012: Third Reading Passed (46-0)
House
April 3, 2012: Third Reading Passed (125-0)