2012 Regular Session


File Code: Taxes - Miscellaneous
Sponsored By:
Senators Garagiola, Brochin, King, Kittleman, Klausmeier, Madaleno, Manno, Mathias, Peters, Pugh, and Robey
Estate Tax - Exemption for Family Farm or Small Business


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.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
First Reading Budget and Taxation
Hearing 3/13 at 1:00 p.m.
Hearing cancelled
Hearing 3/13 at 1:30 p.m.
House Action
No Action

Sponsored by:

Senator Rob Garagiola, District 15
Senator James Brochin, District 42
Senator Nancy J. King, District 39
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator Richard S. Madaleno, Jr., District 18
Senator Roger P. Manno, District 19
Senator James N. Mathias, Jr., District 38
Senator Douglas J. J. Peters, District 23
Senator Catherine E. Pugh, District 40
Senator James N. Robey, District 13

Bill indexed under the following Subjects:

Agriculture -see also- Farmland
Equipment -see also- Motor Vehicle Equipment
Estates and Trusts
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Small Business

Bill affects the following Statute:

Tax - General
( 7-309 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered