2007 Regular Session

SENATE BILL 731

File Code: Taxes - Miscellaneous Prior Year Introduction As: SB 658/06 Crossfiled with: HOUSE BILL 633
Sponsored By:
Senators Hooper, Astle, Brinkley, Colburn, Dyson, Edwards, Garagiola, Greenip, Haines, Harris, Jacobs, Kittleman, Middleton, Munson, Pipkin, Robey, Simonaire, and Stoltzfus
Entitled:
Maryland Estate Tax - Exclusions for Family Farms Subject to Agricultural Preservation Easements

Synopsis:

Altering the determination of the Maryland estate tax to exclude from the value of the gross estate the value of real property that is subject to a perpetual agricultural preservation easement that has been granted to the Maryland Agricultural Land Preservation Foundation and passes from the decedent to or for the use of specified relatives of the decedent; applying the Act to decedents dying after December 31, 2006; etc.

History by Legislative and Calendar Date

Senate Action
2/9
First Reading Senate Rules
2/16
Re-referred Budget and Taxation
2/28
Hearing 3/22 at 1:00 p.m.
3/22
Hearing cancelled
Withdrawn
House Action
No Action

Sponsored by:

Senator J. Robert Hooper, District 35
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 George C. Edwards, District 1
Senator Rob Garagiola, District 15
Senator Janet Greenip, District 33
Senator Larry E. Haines, District 5
Senator Andrew P. Harris, District 7
Senator Nancy Jacobs, District 34
Senator Allan H. Kittleman, District 9
Senator Thomas M. Middleton, District 28
Senator Donald F. Munson, District 2
Senator E. J. Pipkin, District 36
Senator James N. Robey, District 13
Senator Bryan W. Simonaire, District 31
Senator J. Lowell Stoltzfus, District 38

Bill indexed under the following Subjects:

Conservation -see also- Soil Conservation
Easements
Estates and Trusts
Exemptions
Farmland
Real Property
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Bill affects the following Statutes:

Tax - General
( 7-309 , 7-309 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered