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Legislation


2006 Regular Session

HOUSE BILL 138

File Code: Taxes - Miscellaneous
Sponsored By:
Delegates Krebs, Aumann, Bartlett, Bates, Cluster, Cryor, Dwyer, Eckardt, Elliott, Elmore, Frank, Glassman, Haddaway, Hogan, Jennings, Kohl, McComas, McMillan, O'Donnell, Parrott, Shank, Shewell, Smigiel, Sossi, Stocksdale, Stull, Trueschler, and Weir
Entitled:
Maryland Estate Tax - Family Home Protection Act

Synopsis:

Increasing the limitation on the unified credit used to determine the Maryland estate tax from the amount corresponding to a $1 million exclusion amount under the federal estate tax to the amount corresponding to a $2 million exclusion amount under the federal estate tax; repealing a requirement that the tax be determined without regard to the deduction for State death taxes under the federal estate tax; stating the General Assembly's intent; applying the Act to decedents dying after December 31, 2005; etc.

History by Legislative Date

House Action
1/18
First Reading Ways and Means
2/22
Hearing 3/8 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Susan W. Krebs, District 9B
Delegate Susan L. M. Aumann, District 42
Delegate Joseph R. Bartlett, District 4A
Delegate Gail H. Bates, District 9A
Delegate John W. E. Cluster, Jr., District 8
Delegate Jean B. Cryor, District 15
Delegate Donald H. Dwyer, Jr., District 31
Delegate Adelaide C. Eckardt, District 37B
Delegate Donald B. Elliott, District 4B
Delegate D. Page Elmore, District 38A
Delegate William J. Frank, District 42
Delegate Barry Glassman, District 35A
Delegate Jeannie Haddaway, District 37B
Delegate Patrick N. Hogan, District 3A
Delegate J. B. Jennings, District 7
Delegate Sheryl Davis Kohl, District 34A
Delegate Susan K. McComas, District 35B
Delegate Herb McMillan, District 30
Delegate Anthony J. O'Donnell, District 29C
Delegate Joanne S. Parrott, District 35A
Delegate Christopher B. Shank, District 2B
Delegate Tanya T. Shewell, District 5A
Delegate Michael D. Smigiel, Sr., District 36
Delegate Richard A. Sossi, District 36
Delegate Nancy R. Stocksdale, District 5A
Delegate Paul S. Stull, District 4A
Delegate John G. Trueschler, District 42
Delegate Michael H. Weir, Jr., District 6

Bill indexed under the following Subjects:

ESTATES AND TRUSTS
EXEMPTIONS
FEDERAL GOVERNMENT
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 7-309 )

Documents:

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