File Code: Taxes - Miscellaneous
Crossfiled with: SENATE BILL 667
- Sponsored By:
-
Delegates Mandel, Barkley, Bartlett, Barve, Brinkley, Bronrott,
Carlson, Clagett, Conroy, Cryor, DeCarlo, Dypski, Franchot, Gordon,
Greenip, Hammen, Heller, Klima, Love, Menes, Pendergrass, Petzold,
Ports, Redmer, Rosso, Rzepkowski, Shank, Sher, and Shriver
- Entitled:
-
Inheritance Tax - Nephews and Nieces
Reducing the inheritance tax rate for property passing to a nephew or
niece of a decedent who died without heirs entitled to the inheritance
tax exemption for family members, from 10% to 6% for decedents dying
between July 1, 2001, and July 1, 2002, and to from 10% to 5% for
decedents dying between July 1, 2002, and July 1, 2003; and exempting
property passing to a nephew or niece under those circumstances for
decedents dying on or after July 1, 2003.
House Action
- 2/7
- First Reading Ways and Means
- Hearing 2/22 at 11:00 a.m.
- 3/26
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate Adrienne A. Mandel, District 19
- Delegate Charles E. Barkley, District 39
- Delegate Joseph R. Bartlett, District 3
- Delegate Kumar P. Barve, District 17
- Delegate David R. Brinkley, District 4A
- Delegate William A. Bronrott, District 16
- Delegate Paul H. Carlson, District 39
- Delegate Virginia P. Clagett, District 30
- Delegate Mary A. Conroy, District 23
- Delegate Jean B. Cryor, District 15
- Delegate Diane DeCarlo, District 6
- Delegate Cornell N. Dypski, District 46
- Delegate Peter Franchot, District 20
- Delegate Michael R. Gordon, District 17
- Delegate Janet Greenip, District 33
- Delegate Peter A. Hammen, District 46
- Delegate Henry B. Heller, District 19
- Delegate Martha S. Klima, District 9A
- Delegate Mary Ann E. Love, District 32
- Delegate Pauline H. Menes, District 21
- Delegate Shane E. Pendergrass, District 13A
- Delegate Carol S. Petzold, District 19
- Delegate James F. Ports, Jr., District 8
- Delegate Alfred W. Redmer, Jr., District 8
- Delegate Mary M. Rosso, District 31
- Delegate James E. Rzepkowski, District 32
- Delegate Christopher B. Shank, District 2B
- Delegate Tod David Sher, District 14A
- Delegate Mark K. Shriver, District 15
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INHERITANCE TAX
- Bill affects the following Statutes:
- Tax - General
- (
7-203 ,
7-204
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered