2011 Regular Session

SENATE BILL 783

File Code: Taxes - Miscellaneous
Sponsored By:
Senator Middleton
Entitled:
Estate Tax - Qualified Agricultural Property - Forest Banking Operations

Synopsis:

Altering the definition of "qualified agricultural property" under an alternative payment schedule allowed under the Maryland estate tax for qualified agricultural property to include specified property operated by a forest banking operation, as defined; requiring the Comptroller to adopt regulations; applying the Act to decedents dying after December 31, 2010; 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.
3/10
Hearing 3/10 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

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

Bill affects the following Statute:

Tax - General
( 7-307 )

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