File Code: Taxes - Miscellaneous
- Sponsored By:
-
Senators Garagiola, Brochin, King, Kittleman, Klausmeier, Madaleno, Manno,
Mathias, Peters, Pugh, and Robey
- Entitled:
-
Estate Tax - Exemption for Family Farm or Small Business
Altering the determination of the Maryland estate tax to exclude up to
$3,000,000 from the value of the gross estate the value of specified
agricultural property and the value of a specified interest in a small
business; providing for the recapture of specified Maryland estate tax
if specified agricultural property is sold under specified
circumstances; requiring the Comptroller to adopt specified
regulations; defining specified terms; and applying the Act to
decedents dying after December 31, 2011.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
Senate Action
- 2/3
- First Reading Budget and Taxation
- 2/8
- Hearing 3/13 at 1:00 p.m.
- 3/7
- Hearing cancelled
- Hearing 3/13 at 1:30 p.m.
House Action
- No Action
Sponsored by:
- Senator Rob Garagiola, District 15
- Senator James Brochin, District 42
- Senator Nancy J. King, District 39
- Senator Allan H. Kittleman, District 9
- Senator Katherine Klausmeier, District 8
- Senator Richard S. Madaleno, Jr., District 18
- Senator Roger P. Manno, District 19
- Senator James N. Mathias, Jr., District 38
- Senator Douglas J. J. Peters, District 23
- Senator Catherine E. Pugh, District 40
- Senator James N. Robey, District 13
Bill indexed under the following Subjects:
- Agriculture -see also- Farmland
- Comptroller
- Equipment -see also- Motor Vehicle Equipment
- Estates and Trusts
- Exemptions
- Farmland
- Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
- Rules and Regulations
- Small Business
Bill affects the following Statute:
- Tax - General
- (
7-309
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
None offered
