HOUSE BILL 333

Sponsored By:

Delegates Kullen, Beitzel, Bohanan, G. Clagett, Conway, Costa, DeBoy, Dwyer, Elmore, Jameson, Jennings, Krebs, Levy, Mathias, O'Donnell, Proctor, Rudolph, Stull, and Weldon

Entitled:

Maryland Estate Tax - Exclusion for Qualified Agricultural Property

Synopsis:

Altering the determination of the Maryland estate tax under specified circumstances to exclude from the value of the gross estate the value of specified agricultural property; providing for the recapture of the Maryland estate tax under specified circumstances; requiring the Comptroller to adopt regulations; and applying the Act to decedents dying after December 31, 2007.

History by Legislative and Calendar Date

House Action

1/25

First Reading Ways and Means

1/30

Hearing 2/13 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Sue Kullen, District 27B

Delegate Wendell R. Beitzel, District 1A

Delegate John L. Bohanan, Jr., District 29B

Delegate Galen R. Clagett, District 3A

Delegate Norman H. Conway, District 38B

Delegate Robert A. Costa, District 33B

Delegate Steven J. DeBoy, Sr., District 12A

Delegate Don H. Dwyer, Jr., District 31

Delegate D. Page Elmore, District 38A

Delegate Sally Jameson, District 28

Delegate J. B. Jennings, District 7

Delegate Susan W. Krebs, District 9B

Delegate Murray D. Levy, District 28

Delegate James N. Mathias, Jr., District 38B

Delegate Anthony J. O'Donnell, District 29C

Delegate James E. Proctor, Jr., District 27A

Delegate David D. Rudolph, District 34B

Delegate Paul S. Stull, District 4A

Delegate Richard B. Weldon, Jr., District 3B

Bill indexed under the following Subjects:

Comptroller

Estates and Trusts

Farmland

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Rules and Regulations

Bill affects the following Statutes:

Tax - General

( 7-309 , 7-309 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered