SENATE BILL 526

File Code: Taxes - Miscellaneous Prior Year Introduction As: SB 295/06 - B&T

Sponsored By:

Senators Brochin and Kittleman

Entitled:

Maryland Estate Tax - Unified Credit Effective Exemption Amount and Deduction for State Death Taxes

Synopsis:

Repealing a specified limit on the unified credit used for determining the Maryland estate tax; repealing a requirement that the Maryland estate tax be determined without regard to a specified deduction allowed under the federal estate tax; 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

2/3

First Reading Budget and Taxation

2/17

Hearing 3/10 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator James Brochin, District 42

Senator Allan H. Kittleman, District 9

Bill indexed under the following Subjects:

Death -see also- Advance Medical Directives; Wrongful Death.

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 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