SENATE BILL 764

File Code: Taxes - Miscellaneous Crossfiled with: HOUSE BILL 721

Sponsored By:

Senator Young

Entitled:

Estate Tax - Exclusion of Qualified Agricultural Property

Synopsis:

Altering the determination of the Maryland estate tax under specified circumstances to exclude from the value of the gross estate up to $5,000,000 of the value of qualified agricultural property; providing that the Maryland estate tax on qualified agricultural property may not exceed 5% of the value of specified agricultural property exceed $5,000,000; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.

Senate Action

2/4

First Reading Budget and Taxation

2/16

Hearing 3/9 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

Agriculture -see also- Farmland

Estates and Trusts

Exemptions

Farmland

Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.

Bill affects the following Statute:

Tax - General

( 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