SENATE BILL 1

Sponsored By:

Senators Miller and Bromwell

Entitled:

Inheritance Tax - Exemption for Lineal Beneficiaries and Siblings

Synopsis:

Exempting from the inheritance tax property that passes from a decedent to or for the use of the decedent's grandparent, parent, spouse, child or other lineal descendant, stepparent, stepchild, brother, sister, or spouse of a child or other lineal descendant or passes from the decedent to or for the use of a corporation owned only by those relatives of the decedent; and applying the Act to decedents dying on or after July 1, 2000.

History by Legislative Date

Senate Action

09/14

Pre-filed

1/12

First Reading Budget and Taxation

1/26

Hearing 2/16 at 1:30 p.m.

3/24

Favorable Report by Budget and Taxation

3/27

Favorable Report Adopted

Second Reading Passed

3/29

Third Reading Passed (46-0)

4/5

Senate Refuses to Concur - House Amendments

Senate Requests House Recede

Conference Committee Appointed ...

Senators Van Hollen, Middleton, and Neall

4/9

Conference Committee Report Adopted

Third Reading Passed (46-0)

Passed Enrolled

5/18

Signed by the Governor Chapter 497

House Action

3/28

First Reading Ways and Means

3/30

Hearing 4/4 at 1:00 p.m.

4/5

Favorable with Amendments Report by Ways and Means

4/1

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/2

Third Reading Passed with Amendments (139-1)

4/8

House Refuses to Recede

Conference Committee Appointed ...

Delegates Bozman, Cryor, and Phillips

4/9

Conference Committee Report Adopted

Third Reading Passed (133-2)

Sponsored by:

Senator Thomas V. Mike Miller, Jr., District 27

Senator Thomas L. Bromwell, District 8

Bill indexed under the following Subjects:

ESTATES AND TRUSTS

EXEMPTIONS

INHERITANCE TAX

Bill affects the following Statutes:

Tax - General

( 7-203 , 7-203 , 7-203 , 7-204 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 725066/1 (PDF)     Offered on: April 5, 2000   at: 10:52 a.m.     Status: Adopted

Conference Committee Documents::

Report Number: 653927/1 (PDF)     Offered on: April 10, 2000   at: 11:48 p.m.     Status: Adopted

Amendment Number: 253628/1 (PDF)     Offered on: April 10, 2000   at: 11:08 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 29, 2000: Third Reading Passed (46-0)

April 9, 2000: Third Reading Passed (46-0)

House

April 2, 2000: Third Reading Passed (139-1)

April 9, 2000: Third Reading Passed (133-2)