2010 Regular Session

SENATE BILL 155

File Code: Taxes - Miscellaneous Prior Year Introduction As: SB 175/08 - B&T Crossfiled with: HOUSE BILL 160
Sponsored By:
Senators Glassman, Brinkley, Colburn, Edwards, Garagiola, Harris, Kittleman, Middleton, Mooney, and Munson
Entitled:
Maryland Estate Tax - Exclusion for Family Farm 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 specified 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; and applying the Act to decedents dying after December 31, 2009.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
1/18
First Reading Budget and Taxation
1/21
Hearing 2/2 at 1:00 p.m.
1/26
Hearing cancelled
Hearing 2/2 at 1:30 p.m.
House Action
No Action

Sponsored by:

Senator Barry Glassman, District 35
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator George C. Edwards, District 1
Senator Rob Garagiola, District 15
Senator Andrew P. Harris, District 7
Senator Allan H. Kittleman, District 9
Senator Thomas M. Middleton, District 28
Senator Alexander X. Mooney, District 3
Senator Donald F. Munson, District 2

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

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered