SENATE BILL 513

Sponsored By:

Senator Middleton

Entitled:

Maryland Estate Tax - Payment Deferral for Qualified Agricultural Property - Extension of Payment Deferral

Synopsis:

Authorizing the Comptroller to grant an extension to a specified deferred tax payment period if a qualified recipient has a pending application to place specified land under a permanent land conservation easement with the Maryland Agricultural Land Preservation Foundation or the Rural Legacy Board; requiring the Comptroller to adopt specified regulations; etc.

History by Legislative and Calendar Date

Senate Action

2/4

First Reading Budget and Taxation

2/16

Hearing 3/9 at 1:00 p.m.

3/10

Hearing 3/10 at 1:00 p.m.

3/25

Favorable with Amendments Report by Budget and Taxation

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/26

Third Reading Passed (45-1)

4/4

Returned Passed

House Action

3/27

First Reading Ways and Means

3/30

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

4/6

Favorable Report by Ways and Means

4/2

Favorable Report Adopted

Second Reading Passed

4/3

Third Reading Passed (138-0)

Action after passage in Senate and House

5/10

Approved by the Governor

- Chapter 241

Bill indexed under the following Subjects:

Agriculture -see also- Farmland

Comptroller

Conservation -see also- Soil Conservation

Easements

Estates and Trusts

Farmland

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

Rules and Regulations

Bill affects the following Statute:

Tax - General

( 7-307 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 359832/01     Offered on: March 25, 2011   at: 11:56 a.m.     Status: Adopted

Committee Votes :

Senate

Budget and Taxation

House

Ways and Means

Roll Call Votes (Legislative dates are shown):

Senate

March 26, 2011: Third Reading Passed (45-1)

House

April 3, 2011: Third Reading Passed (138-0)