File Code: Taxes - Miscellaneous
- Sponsored By:
-
Senator Haines
- Entitled:
-
Maryland Estate Tax - Exclusion for Family Farm or Family-Owned Business
Altering the determination of the Maryland estate tax under specified
circumstances to exclude from the value of the gross estate up to
$1,000,000 of the value of specified property for agricultural use or
for the use of specified family-owned businesses; requiring the
Comptroller to adopt regulations to provide for the recapture of
specified tax savings under specified circumstances; and applying the
Act to decedents dying after December 31, 2007.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
Senate Action
- 1/18
- First Reading Budget and Taxation
- 1/23
- Hearing 1/30 at 1:00 p.m.
House Action
- No Action
Bill indexed under the following Subjects:
- Agriculture -see also- Farmland
- Comptroller
- Estates and Trusts
- Exemptions
- Farmland
- Real Property
- Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
- Rules and Regulations
- Small Business
Bill affects the following Statutes:
- Tax - General
- (
7-309 ,
7-309
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered