Maryland Senate Bill 795 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 10-1)
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-03-07 - Hearing 3/13 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Altering the determination of the Maryland estate tax to exclude up to $3,000,000 from the value of the gross estate the value of specified agricultural property and the value of a specified interest in a small business; providing for the recapture of specified Maryland estate tax if specified agricultural property is sold under specified circumstances; requiring the Comptroller to adopt specified regulations; defining specified terms; and applying the Act to decedents dying after December 31, 2011.

Estate Tax - Exemption for Family Farm or Small Business

Sen. James Brochin [D]	Sen. Robert Garagiola [D]	Sen. Nancy King [D]	Sen. Allan Kittleman [R]
Sen. Katherine Klausmeier [D]	Sen. Richard Madaleno [D]	Sen. Roger Manno [D]	Sen. Jim Mathias [D]
Sen. Douglas Peters [D]	Sen. Catherine Pugh [D]	Sen. James Robey [D]

Date	Chamber	Action
2012-03-07		Hearing 3/13 at 1:30 p.m.
2012-03-07		Hearing cancelled
2012-02-08		Hearing 3/13 at 1:00 p.m.
2012-02-03		First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0795.htm
Text	http://mlis.state.md.us/2012rs/bills/sb/sb0795f.pdf