File Code: Miscellaneous
Prior Year Introduction As: HB 340/98 - W&M
Crossfiled with: HOUSE BILL 258
- Sponsored By:
-
Senators Van Hollen, Lawlah, Hogan, Frosh, Teitelbaum, Kelley,
Hooper, and Forehand
- Entitled:
-
Inheritance Tax - Tax Rate - Siblings, Nieces, and Nephews of
Decedent
Reducing from 10% to 1% the inheritance tax rate for property that
passes from a decendent to or for the use of brothers, sisters,
nieces, or nephews of the decedent; including brothers, sisters,
nieces, and nephews of the decedent under a provision providing a 1%
inheritance tax rate for property that passes from a decedent to or
for the use of a corporation if all of its stockholders consist of
specified relatives of the decedent; etc.
Senate Action
- 2/5
- First Reading Budget and Taxation
- 2/17
- Hearing 3/10 at 1:30 p.m.
- 2/18
- Hearing cancelled
- Hearing 2/24 at 1:30 p.m.
- 3/22
- Withdrawn
House Action
- No Action
- Sponsored by:
- Senator Christopher Van Hollen, Jr., District 18
- Senator Jennie M. Forehand, District 17
- Senator Brian E. Frosh, District 16
- Senator Patrick J. Hogan, District 39
- Senator J. Robert Hooper, District 35
- Senator Delores G. Kelley, District 10
- Senator Gloria Lawlah, District 26
- Senator Leonard H. Teitelbaum, District 19
- Bill indexed under the following Subjects:
- CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS
- ESTATES AND TRUSTS -see also- FIDUCIARIES
- INHERITANCE TAX
- Bill affects the following Statute:
- Tax - General
- (
7-204
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
