Legislation - SB0704

Title: Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company
Sponsored by: Senator Mautz
Status: In the Senate - Hearing 3/04 at 1:00 p.m.
Analysis

Synopsis

Authorizing, for purposes of determining the Maryland estate tax, a qualified recipient to transfer ownership of qualified agricultural property to a limited liability company; providing that qualified agricultural property transferred in accordance with the Act is not subject to estate tax recapture if the ownership of the company consists only of qualified recipients and the property is used for farming purposes for at least 10 years after the decedent's death; etc.

Committees

Original:: Budget and Taxation

Details

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/06/2026 Legislative Date 2/06/2026 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company Proceedings
Chamber Senate Calendar Date 2/13/2026 Legislative Date 2/13/2026 Action Hearing 3/04 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/06/2026	2/06/2026	First Reading Budget and Taxation
			Text - First - Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company
Senate	2/13/2026	2/13/2026	Hearing 3/04 at 1:00 p.m.

File Code

Subjects

Statutes