SENATE BILL 592

File Code: Taxes - Miscellaneous Prior Year Introduction As: HB 166/09 - W&M Crossfiled with: HOUSE BILL 221

Sponsored By:

Senators Garagiola, Kittleman, and Klausmeier

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, 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

2/5

First Reading Budget and Taxation

2/17

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

House Action

No Action

Sponsored by:

Senator Rob Garagiola, District 15

Senator Allan H. Kittleman, District 9

Senator Katherine Klausmeier, District 8

Bill indexed under the following Subjects:

Agriculture -see also- Farmland

Comptroller

Estates and Trusts

Exemptions

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

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