MD SB410 | 2012 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 6-3)
Status: Introduced on February 1 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 2/15 at 1:15 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 1 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 2/15 at 1:15 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the determination of the Maryland estate tax to exclude from the value of the gross estate the value of specified agricultural property; providing for the recapture of specified Maryland estate tax if qualified agricultural property ceases to be used for farming purposes; defining specified terms; providing that the Act applies to decedents dying after December 31, 2011; etc.
Title
Estate Tax - Exclusion of Qualified Agricultural Property
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-08 | Hearing 2/15 at 1:15 p.m. | |
| 2012-02-01 | First Reading Budget and Taxation |
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/SB0410.htm |
| Text | http://mlis.state.md.us/2012rs/bills/sb/sb0410f.pdf |
