Legislation - SB0704

Title: Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company
Sponsored by: Senator Mautz
Status: In the Senate - Returned Passed
Analysis: Fiscal and Policy Note (Revised)

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 Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

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 Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2026 Legislative Date 3/18/2026 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/18/2026 Legislative Date 3/02/2026 Action Favorable with Amendments {283425/1 Proceedings 41AClick to view Recorded Media
Chamber Senate Calendar Date 3/18/2026 Legislative Date 3/02/2026 Action Motion Special Order until Later Today (Senator King) Adopted Proceedings 41AClick to view Recorded Media
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/03/2026 Action Favorable with Amendments {283425/1 Adopted Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/03/2026 Action Second Reading Passed with Amendments Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company Proceedings
Chamber Senate Calendar Date 3/20/2026 Legislative Date 3/05/2026 Action Third Reading Passed (42-0) Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/21/2026 Legislative Date 3/09/2026 Action Referred Ways and Means Proceedings 46 Click to view Recorded Media
Chamber House Calendar Date 3/25/2026 Legislative Date 3/25/2026 Action Hearing 4/02 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/11/2026 Legislative Date 4/11/2026 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/11/2026 Legislative Date 3/27/2026 Action Favorable Adopted Second Reading Passed Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/13/2026 Legislative Date 4/02/2026 Action Third Reading Passed (134-0) Proceedings 70 Click to view Recorded Media
Chamber Senate Calendar Date 4/13/2026 Legislative Date 3/27/2026 Action Returned Passed Proceedings 66 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
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.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/18/2026	3/18/2026	Favorable with Amendments Report by Budget and Taxation
Senate	3/18/2026	3/02/2026	Favorable with Amendments {283425/1	41AClick to view Recorded Media
Senate	3/18/2026	3/02/2026	Motion Special Order until Later Today (Senator King) Adopted	41AClick to view Recorded Media
Senate	3/19/2026	3/03/2026	Favorable with Amendments {283425/1 Adopted	42 Click to view Recorded Media
Senate	3/19/2026	3/03/2026	Second Reading Passed with Amendments	42 Click to view Recorded Media
			Text - Third - Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company
Senate	3/20/2026	3/05/2026	Third Reading Passed (42-0)	44 Click to view Recorded Media
House	3/21/2026	3/09/2026	Referred Ways and Means	46 Click to view Recorded Media
House	3/25/2026	3/25/2026	Hearing 4/02 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/11/2026	4/11/2026	Favorable Report by Ways and Means
House	4/11/2026	3/27/2026	Favorable Adopted Second Reading Passed	64 Click to view Recorded Media
House	4/13/2026	4/02/2026	Third Reading Passed (134-0)	70 Click to view Recorded Media
Senate	4/13/2026	3/27/2026	Returned Passed	66 Click to view Recorded Media

File Code

Subjects

Statutes