1999 Regular Session

SENATE BILL 501

File Code: Miscellaneous Prior Year Introduction As: HB 340/98 - W&M Crossfiled with: HOUSE BILL 258
Sponsored By:
Senators Van Hollen, Lawlah, Hogan, Frosh, Teitelbaum, Kelley, Hooper, and Forehand
Entitled:
Inheritance Tax - Tax Rate - Siblings, Nieces, and Nephews of Decedent

Synopsis:

Reducing from 10% to 1% the inheritance tax rate for property that passes from a decendent to or for the use of brothers, sisters, nieces, or nephews of the decedent; including brothers, sisters, nieces, and nephews of the decedent under a provision providing a 1% inheritance tax rate for property that passes from a decedent to or for the use of a corporation if all of its stockholders consist of specified relatives of the decedent; etc.

History by Legislative Date

Senate Action
2/5
First Reading Budget and Taxation
2/17
Hearing 3/10 at 1:30 p.m.
2/18
Hearing cancelled
Hearing 2/24 at 1:30 p.m.
3/22
Withdrawn
House Action
No Action
Sponsored by:
Senator Christopher Van Hollen, Jr., District 18
Senator Jennie M. Forehand, District 17
Senator Brian E. Frosh, District 16
Senator Patrick J. Hogan, District 39
Senator J. Robert Hooper, District 35
Senator Delores G. Kelley, District 10
Senator Gloria Lawlah, District 26
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS
ESTATES AND TRUSTS -see also- FIDUCIARIES
INHERITANCE TAX
Bill affects the following Statute:
Tax - General
( 7-204 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered