2013 Regular Session



Estate Taxes - Qualified Family-Owned Business Property - Exclusion

Sponsored by:

Delegate Afzali


In the House - Referred to interim study by Ways and Means

Synopsis:Altering the determination of the Maryland estate tax under specified circumstances to exclude from the value of the gross estate $5,000,000 of the value of qualified family-owned business property; providing that the Maryland estate tax imposed on qualified family-owned business property may not exceed 5% of the value of specified family-owned business property exceeding $5,000,000; providing for the recapture of specified Maryland estate tax under specified circumstances; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Afzali, Fisher, George, and Serafini
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Miscellaneous
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Estates and Trusts
Personal Property
Real Property
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Statutes:Article - Tax - General

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:03 P.M.