MD HB154 | 2012 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 15-8)
Status: Introduced on January 23 2012 - 25% progression, died in committee
Action: 2012-02-03 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 23 2012 - 25% progression, died in committee
Action: 2012-02-03 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Estate Tax - Exclusion of Qualified Agricultural Property
Sponsors
History
Date | Chamber | Action |
---|---|---|
2012-02-03 | Hearing 2/14 at 1:00 p.m. | |
2012-01-23 | First Reading Ways and Means |
Subjects
Agriculture
Comptroller
Death
Equipment
Estates and Trusts
Exemptions
Farmland
Revenue and Taxes
Rules and Regulations
Comptroller
Death
Equipment
Estates and Trusts
Exemptions
Farmland
Revenue and Taxes
Rules and Regulations
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/HB0154.htm |
Text | http://mlis.state.md.us/2012rs/bills/hb/hb0154f.pdf |