File Code: Taxes - Miscellaneous
Crossfiled with: HOUSE BILL 321
- Sponsored By:
-
Senators Greenip, Astle, Brinkley, Colburn, Dyson, Garagiola,
Hafer, Haines, Harris, Hooper, Jacobs, Mooney, Pipkin, Schrader, and
Stone
- Entitled:
-
Maryland Estate Tax - Unified Credit Effective Exemption Amount and
Deduction for State Death Taxes
Repealing a provision limiting the unified credit used to determine
the Maryland estate tax to the amount corresponding to a $1 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; repealing a requirement that
a person responsible for paying the inheritance tax file an estate tax
return and pay the estate tax under specified circumstances; and
applying the Act to decedents dying after December 31, 2004.
Senate Action
- 1/19
- First Reading Budget and Taxation
- 1/20
- Hearing 2/2 at 1:30 p.m.
House Action
- No Action
Sponsored by:
- Senator Janet Greenip, District 33
- Senator John C. Astle, District 30
- Senator David R. Brinkley, District 4
- Senator Richard F. Colburn, District 37
- Senator Roy P. Dyson, District 29
- Senator Rob Garagiola, District 15
- Senator John J. Hafer, District 1
- Senator Larry E. Haines, District 5
- Senator Andrew P. Harris, District 7
- Senator J. Robert Hooper, District 35
- Senator Nancy Jacobs, District 34
- Senator Alexander X. Mooney, District 3
- Senator E. J. Pipkin, District 36
- Senator Sandra B. Schrader, District 13
- Senator Norman R. Stone, Jr., District 6
Bill indexed under the following Subjects:
- DEATH -see also- ADVANCE MEDICAL DIRECTIVES; WRONGFUL DEATH.
- ESTATES AND TRUSTS
- EXEMPTIONS
- FEDERAL GOVERNMENT
- INHERITANCE TAX
- 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
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered