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Legislation


2008 Regular Session

SENATE BILL 386

File Code: Taxes - Miscellaneous Prior Year Introduction As: SB 182/07
Sponsored By:
Senators Greenip, Brinkley, Brochin, Edwards, Glassman, Haines, Harris, Jacobs, Kittleman, Kramer, and Stoltzfus
Entitled:
Maryland Estate Tax - Unified Credit Effective Exemption Amount and Deduction for State Death Taxes

Synopsis:

Repealing a provision limiting the unified credit used to determine the Maryland estate tax to the amount corresponding to a $1 million exclusion amount under the federal estate tax; repealing a requirement that the tax be determined without regard to the deduction for State death taxes under the federal estate tax; applying the Act to decedents dying after December 31, 2003; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
1/30
First Reading Budget and Taxation
Hearing 2/13 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Janet Greenip, District 33
Senator David R. Brinkley, District 4
Senator James Brochin, District 42
Senator George C. Edwards, District 1
Senator Barry Glassman, District 35
Senator Larry E. Haines, District 5
Senator Andrew P. Harris, District 7
Senator Nancy Jacobs, District 34
Senator Allan H. Kittleman, District 9
Senator Rona E. Kramer, District 14
Senator J. Lowell Stoltzfus, District 38

Bill indexed under the following Subjects:

Death -see also- Advance Medical Directives; Wrongful Death.
Estates and Trusts
Exemptions
Federal Government
Inheritance Tax
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 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
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