MD SB294 | 2012 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 21-12)
Status: Passed on May 22 2012 - 100% progression
Action: 2012-05-22 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Slight Partisan Bill (Democrat 21-12)
Status: Passed on May 22 2012 - 100% progression
Action: 2012-05-22 - Approved by the Governor
Text: Latest bill text (Chaptered) [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.
Title
Family Farm Preservation Act of 2012
Sponsors
Roll Calls
2012-04-03 - House - Third Reading Passed (Y: 125 N: 0 NV: 3 Abs: 13) [PASS]
2012-03-22 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2012-03-22 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2012-05-22 | Approved by the Governor | |
2012-04-03 | Third Reading Passed (125-0) | |
2012-04-01 | Second Reading Passed | |
2012-04-01 | Favorable Report Adopted | |
2012-04-06 | Favorable Report by Ways and Means | |
2012-03-28 | Hearing 4/3 at 1:00 p.m. | |
2012-03-24 | First Reading Ways and Means | |
2012-04-03 | Returned Passed | |
2012-03-22 | Third Reading Passed (46-0) | |
2012-03-20 | Second Reading Passed with Amendments | |
2012-03-20 | Favorable with Amendments 679837/1 Report Adopted | |
2012-03-23 | Favorable with Amendments Report by Budget and Taxation | |
2012-01-31 | Hearing 2/8 at 1:00 p.m. | |
2012-01-26 | 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