SENATE BILL 526

Sponsored By:

Senators Brochin and Kittleman

Entitled:

Maryland Estate Tax - Unified Credit Effective Exemption Amount and Deduction for State Death Taxes

Synopsis:

Repealing a specified limit on the unified credit used for determining the Maryland estate tax; repealing a requirement that the Maryland estate tax be determined without regard to a specified deduction allowed under the federal estate tax; and applying the Act to decedents dying after December 31, 2009.

History by Legislative and Calendar Date

Senate Action

2/3

First Reading Budget and Taxation

2/17

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

House Action

No Action

Sponsored by:

Senator James Brochin, District 42

Senator Allan H. Kittleman, District 9

Bill indexed under the following Subjects:

Death -see also- Advance Medical Directives; Wrongful Death.

Estates and Trusts

Exemptions

Federal Government

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

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General

( 7-309 , 7-309 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered