HOUSE BILL 648

Sponsored By:

Delegates Mandel, Barkley, Bartlett, Barve, Brinkley, Bronrott, Carlson, Clagett, Conroy, Cryor, DeCarlo, Dypski, Franchot, Gordon, Greenip, Hammen, Heller, Klima, Love, Menes, Pendergrass, Petzold, Ports, Redmer, Rosso, Rzepkowski, Shank, Sher, and Shriver

Entitled:

Inheritance Tax - Nephews and Nieces

Synopsis:

Reducing the inheritance tax rate for property passing to a nephew or niece of a decedent who died without heirs entitled to the inheritance tax exemption for family members, from 10% to 6% for decedents dying between July 1, 2001, and July 1, 2002, and to from 10% to 5% for decedents dying between July 1, 2002, and July 1, 2003; and exempting property passing to a nephew or niece under those circumstances for decedents dying on or after July 1, 2003.

History by Legislative Date

House Action

2/7

First Reading Ways and Means

Hearing 2/22 at 11:00 a.m.

3/26

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Adrienne A. Mandel, District 19

Delegate Charles E. Barkley, District 39

Delegate Joseph R. Bartlett, District 3

Delegate Kumar P. Barve, District 17

Delegate David R. Brinkley, District 4A

Delegate William A. Bronrott, District 16

Delegate Paul H. Carlson, District 39

Delegate Virginia P. Clagett, District 30

Delegate Mary A. Conroy, District 23

Delegate Jean B. Cryor, District 15

Delegate Diane DeCarlo, District 6

Delegate Cornell N. Dypski, District 46

Delegate Peter Franchot, District 20

Delegate Michael R. Gordon, District 17

Delegate Janet Greenip, District 33

Delegate Peter A. Hammen, District 46

Delegate Henry B. Heller, District 19

Delegate Martha S. Klima, District 9A

Delegate Mary Ann E. Love, District 32

Delegate Pauline H. Menes, District 21

Delegate Shane E. Pendergrass, District 13A

Delegate Carol S. Petzold, District 19

Delegate James F. Ports, Jr., District 8

Delegate Alfred W. Redmer, Jr., District 8

Delegate Mary M. Rosso, District 31

Delegate James E. Rzepkowski, District 32

Delegate Christopher B. Shank, District 2B

Delegate Tod David Sher, District 14A

Delegate Mark K. Shriver, District 15

Bill indexed under the following Subjects:

EXEMPTIONS

INHERITANCE TAX

Bill affects the following Statutes:

Tax - General

( 7-203 , 7-204 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered