File Code: Taxes - Miscellaneous
Prior Year Introduction As:
SB 764/11 - B&T
Crossfiled with: HOUSE BILL 154
- Sponsored By:
-
Senators Young, Reilly, Brinkley, Colburn, Edwards, Forehand, Garagiola,
Glassman, Jacobs, Jennings, Kasemeyer, Kittleman, Klausmeier, Mathias,
Middleton, Miller, Pipkin, Robey, Shank, and Simonaire
- Entitled:
-
Estate Tax - Exclusion of Qualified Agricultural Property
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.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
Senate Action
- 1/27
- First Reading Budget and Taxation
- 2/1
- Hearing 2/15 at 1:00 p.m.
- 2/8
- Hearing cancelled
- Hearing 2/15 at 1:15 p.m.
House Action
- No Action
Sponsored by:
- Senator Ronald N. Young, District 3
- Senator David R. Brinkley, District 4
- Senator Richard F. Colburn, District 37
- Senator George C. Edwards, District 1
- Senator Jennie M. Forehand, District 17
- Senator Rob Garagiola, District 15
- Senator Barry Glassman, District 35
- Senator Nancy Jacobs, District 34
- Senator J. B. Jennings, District 7
- Senator Edward J. Kasemeyer, District 12
- Senator Allan H. Kittleman, District 9
- Senator Katherine Klausmeier, District 8
- Senator James N. Mathias, Jr., District 38
- Senator Thomas M. Middleton, District 28
- Senator Thomas V. Mike Miller, Jr., District 27
- 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
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
)
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
