THEODORE R. MCKELDIN, GOVERNOR 1849
CHAPTER 620
(Senate Bill 392)
AN ACT to repeal and re-enact, with amendments, Sec-
tions 111, 119 and 124 of Article 81 of the Annotated
Code of Maryland (1939 Edition and 1947 Supplement),
title "Revenue and Taxes", sub-title "Inheritance Tax",.
and to add a new section to Article 81 of the Annotated
Code of Maryland (1947 Supplement), title "Revenue
and Taxes", sub title "Inheritance Tax", said new sec-
tion to be known as Section 112 and to follow immedi-
ately after Section 111 of said Article, requiring in con-
nection with the inheritance tax certain certifications to
and information by institutions which accept deposits
tor share accounts, providing penalties for violations
thereof and making certain other changes in the inher-
itance tax laws.
SECTION 1. Be it enacted by the General Assembly of Maryland,
That Sections 111, 119 and 124 of Article 81 of the Anno-
tated Code of Maryland (1939 Edition and 1947 Supple-
ment), title "Revenue and Taxes", sub-title "Inheritance
Tax", be and they are hereby repealed and re-enacted,
with amendments, to read as follows:
111. The taxes imposed by the two preceding sections
of this sub-title shall apply to all tangible or intangible
property, real or personal, passing either by will or under
the intestate laws of this State, or by deed, gift, grant,
bargain or sale, made in contemplation of death, or in-
tended to take effect in possession or enjoyment at or after
the death of a decedent, including property in which the
decedent, prior to his death, had an interest as joint tenant
or tenant in common, and including property over which
the decedent retained any domain during his lifetime,
except, however, any interest, legal or equitable of any
surviving spouse in any free-share account in any build-
ing or homestead association or in any monies on deposit
or in any registered bond of the United States in the names
of husband and wife passing to such surviving spouse or
in any property of any nature owned by husband and wife
either as joint tenants or as tenants by the entireties pass-
ing to such surviving spouse. In the case of joint bank
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EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.
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