2008 Regular Session

SENATE BILL 509

File Code: Taxes - Miscellaneous Crossfiled with: HOUSE BILL 333
Sponsored By:
Senator Middleton
Entitled:
Maryland Estate Tax - Exclusion for Qualified Agricultural Property

Synopsis:

Altering the determination of the Maryland estate tax under specified circumstances to exclude from the value of the gross estate the value of specified agricultural property; providing for the recapture of the Maryland estate tax under specified circumstances; requiring the Comptroller to adopt regulations; and applying the Act to decedents dying after December 31, 2007.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
2/1
First Reading Budget and Taxation
2/20
Hearing 3/6 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Comptroller
Estates and Trusts
Farmland
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations

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