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Legislation


2012 Regular Session

HOUSE BILL 444

File Code: Taxes - Miscellaneous Crossfiled with: SENATE BILL 294
Sponsored By:
The Speaker (By Request - Administration) and Delegates Afzali, Bohanan, Cane, Clagett, Conway, Glass, Hershey, Hough, Jacobs, Jameson, A. Kelly, Krebs, Lafferty, Love, Luedtke, McComas, Murphy, Otto, Parrott, Ready, Schulz, Boteler, Cardin, Frick, George, Howard, Ivey, Kaiser, A. Miller, Myers, Ross, Serafini, Stukes, Summers, F. Turner, and Walker
Entitled:
Family Farm Preservation Act of 2012

Synopsis:

Altering the determination of the Maryland estate tax under specified circumstances to exclude from the value of the gross estate up to $5,000,000 of the value of qualified agricultural property; providing that the Maryland estate tax on qualified agricultural property may not exceed 5% of the value of specified agricultural property exceeding $5,000,000; providing for the recapture of specified Maryland estate tax under specified circumstances; requiring the Comptroller to adopt specified regulations; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/1
First Reading Ways and Means
2/3
Hearing 2/14 at 1:00 p.m.
4/6

Favorable with Amendments Report by Ways and Means
4/1
Favorable with Amendments {565666/1 Report Adopted
Second Reading Passed with Amendments
4/2
Third Reading Passed (132-0)
4/6
Returned Passed
Senate Action
4/1
First Reading Senate Rules
4/7
Re-referred Budget and Taxation
4/9
Favorable Report by Budget and Taxation
4/4
Favorable Report Adopted
Second Reading Passed
4/5
Third Reading Passed (47-0)
Action after passage in House and Senate
5/22
Approved by the Governor
- Chapter 449

Sponsored by:

Speaker, The
Administration
Delegate Kathy Afzali, District 4A
Delegate John L. Bohanan, Jr., District 29B
Delegate Joseph C. Boteler, III, District 8
Delegate Rudolph C. Cane, District 37A
Delegate Jon S. Cardin, District 11
Delegate Galen R. Clagett, District 3A
Delegate Norman H. Conway, District 38B
Delegate C. William Frick, District 16
Delegate Ron George, District 30
Delegate Glen Glass, District 34A
Delegate Stephen S. Hershey, Jr., District 36
Delegate Michael J. Hough, District 3B
Delegate Carolyn J. B. Howard, District 24
Delegate Jolene Ivey, District 47
Delegate Jay A. Jacobs, District 36
Delegate Sally Jameson, District 28
Delegate Anne R. Kaiser, District 14
Delegate Ariana B. Kelly, District 16
Delegate Susan W. Krebs, District 9B
Delegate Stephen W. Lafferty, District 42
Delegate Mary Ann E. Love, District 32
Delegate Eric G. Luedtke, District 14
Delegate Susan K. McComas, District 35B
Delegate Aruna Miller, District 15
Delegate Peter Murphy, District 28
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Charles J. Otto, District 38A
Delegate Neil Parrott, District 2B
Delegate Justin Ready, District 5A
Delegate Justin D. Ross, District 22
Delegate Kelly Schulz, District 4A
Delegate Andrew A. Serafini, District 2A
Delegate Melvin L. Stukes, District 44
Delegate Michael G. Summers, District 47
Delegate Frank S. Turner, District 13
Delegate Jay Walker, District 26

Bill indexed under the following Subjects:

Agriculture -see also- Farmland
Comptroller
Death -see also- Advance Medical Directives; Wrongful Death.
Equipment -see also- Motor Vehicle Equipment
Estates and Trusts
Exemptions
Farmland
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations

Bill affects the following Statute:

Tax - General
( 7-309 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
House
Number: 565666/01     Offered on: April 6, 2012   at: 11:32 a.m.     Status: Adopted
Committee Votes :
House
Ways and Means
Senate
Budget and Taxation
Roll Call Votes (Legislative dates are shown):
House
April 2, 2012: Third Reading Passed (132-0)
Senate
April 5, 2012: Third Reading Passed (47-0)
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