2008 Regular Session

HOUSE BILL 193

File Code: Taxes - Miscellaneous Prior Year Introduction As: HB 73/07 - W&M
Sponsored By:
Delegates Krebs, Aumann, Bates, Boteler, Dwyer, Eckardt, Elliott, Elmore, Frank, George, Haddaway, Impallaria, James, Jennings, Kipke, Kullen, McComas, McConkey, Murphy, Norman, O'Donnell, Schuh, Shank, Shewell, Smigiel, Sossi, Stocksdale, and Wood
Entitled:
Maryland Estate Tax - Family Property Protection Act

Synopsis:

Increasing the limitation on the unified credit used to determine the Maryland estate tax from the amount corresponding to a $1,000,000 exclusion amount under the federal estate tax to the amount corresponding to a $2,000,000 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; stating the General Assembly's intent; applying the Act to decedents dying after December 31, 2007; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
1/21
First Reading Ways and Means
1/30
Hearing 2/13 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Susan W. Krebs, District 9B
Delegate Susan L. M. Aumann, District 42
Delegate Gail H. Bates, District 9A
Delegate Joseph C. Boteler, III, District 8
Delegate Don H. Dwyer, Jr., District 31
Delegate Adelaide C. Eckardt, District 37B
Delegate Donald B. Elliott, District 4B
Delegate D. Page Elmore, District 38A
Delegate William J. Frank, District 42
Delegate Ron George, District 30
Delegate Jeannie Haddaway, District 37B
Delegate Rick Impallaria, District 7
Delegate Mary-Dulany James, District 34A
Delegate J. B. Jennings, District 7
Delegate Nicholaus R. Kipke, District 31
Delegate Sue Kullen, District 27B
Delegate Susan K. McComas, District 35B
Delegate Tony McConkey, District 33A
Delegate Peter Murphy, District 28
Delegate H. Wayne Norman, Jr., District 35A
Delegate Anthony J. O'Donnell, District 29C
Delegate Steven R. Schuh, District 31
Delegate Christopher B. Shank, District 2B
Delegate Tanya T. Shewell, District 5A
Delegate Michael D. Smigiel, Sr., District 36
Delegate Richard A. Sossi, District 36
Delegate Nancy R. Stocksdale, District 5A
Delegate John F. Wood, Jr., District 29A

Bill indexed under the following Subjects:

Estates and Trusts
Exemptions
Federal Government
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 )

Documents:

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