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Legislation


2011 Regular Session

SENATE BILL 764

File Code: Taxes - Miscellaneous Crossfiled with: HOUSE BILL 721
Sponsored By:
Senator Young
Entitled:
Estate Tax - Exclusion of Qualified Agricultural Property

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 exceed $5,000,000; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Budget and Taxation
2/16
Hearing 3/9 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Agriculture -see also- Farmland
Estates and Trusts
Exemptions
Farmland
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.

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
Fiscal and Policy Note: Available
Amendments: None offered
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