HOUSE BILL 756

Sponsored By:

Delegate Cryor

Entitled:

Inheritance Tax and Income Tax - Owners of Professional Football Teams Located in the State

Synopsis:

Providing that for purposes of the inheritance tax, a decedent shall be deemed to have been domiciled in the State at death if the decedent within 3 years before the date of death directly or indirectly owned a majority interest in a professional football team located in the State; and including within the definition of "resident" for income tax purposes an individual who directly or indirectly owns a majority interest in a professional football team located in the State.

Legislative History

House Action

2/1

First Reading Ways and Means

2/7

Hearing 2/21 at 11:00 a.m.

3/11

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

INCOME TAX

INHERITANCE TAX

SPORTS -see also- RECREATION

Bill affects the following Statutes:

Tax - General

( 7-202.1 , 10-101 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available