MD HB722 | 2013 | Regular Session

Maryland House Bill 722 (Prior Session Legislation)

Status

Sponsorship: Partisan Bill (Republican 4)
Status: Introduced on February 4 2013 - 25% progression, died in chamber
Action: 2013-04-03 - Referred to interim study by Ways and Means
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 $5,000,000 of the value of qualified family-owned business property; providing that the Maryland estate tax imposed on qualified family-owned business property may not exceed 5% of the value of specified family-owned business property exceeding $5,000,000; providing for the recapture of specified Maryland estate tax under specified circumstances; etc.

Title

Estate Taxes - Qualified Family-Owned Business Property - Exclusion

History

Date	Chamber	Action
2013-04-03	House	Referred to interim study by Ways and Means
2013-03-15	House	Hearing 3/15 at 1:00 p.m.
2013-02-04	House	First Reading Ways and Means

Subjects

Commerce and Business
Comptroller
Estates and Trusts
Personal Property
Real Property
Revenue and Taxes
Rules and Regulations
Taxes - Miscellaneous

Maryland State Sources

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0722?ys=2013rs
Text	https://mgaleg.maryland.gov/2013RS/bills/hb/hb0722f.pdf
Supplement	https://mgaleg.maryland.gov/2013RS/fnotes/bil_0002/hb0722.pdf
Supplement	https://mgaleg.maryland.gov/2013RS/votes_comm/hb0722_w&m.pdf