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]

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.

Tracking Information

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Title

Estate Tax - Exclusion of Qualified Agricultural Property

Sponsors


History

DateChamberAction
2012-02-03 Hearing 2/14 at 1:00 p.m.
2012-01-23 First Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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