Ch. 643

LAWS OF MARYLAND

Except as provided in § 7-307 of this subtitle, the person
[responsible for filing] REQUIRED TO FILE the federal estate tax
return shall pay the Maryland estate tax to the Comptroller when
the Maryland estate tax return is filed with the register.

7-307.

(a) On application of the person [responsible for paying]
REQUIRED TO PAY the Maryland estate tax and subject to § 13-601
of this article, the Comptroller may allow an alternative payment
schedule for the Maryland estate tax, notwithstanding any payment
extension under § 6166 of the Internal Revenue Code.

(d) If an alternative payment schedule is allowed under
subsection (b) of this section, the person [responsible for
filing] REQUIRED TO FILE the federal estate tax return shall pay
the tax in accordance with the schedule.

7-309.

[(a)] If Congress passes an act that repeal the federal
credit under § 2011 of the Internal Revenue Code and does not
enact a similar statute as a substitute:

(1) the provisions of this subtitle that are in
effect before the passage of the Act of Congress shall apply with
respect to a decedent who died before the end of the period
covered by a budget bill that the General Assembly passed before
the effective date of the Act of Congress; and

(2) this subtitle is void with respect to a decedent
who dies after the effective date of the Act of Congress.

[(b) The person required to pay the Maryland estate tax
under subsection (a)(1) of this section shall pay the tax within
1 year after the date of death of the decedent.]

SUBTITLE 4. MARYLAND GENERATION-SKIPPING TRANSFER TAX

7-401.

(A)  IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)  "FEDERAL CREDIT" MEANS:

(1)  THE MAXIMUM ALLOWABLE CREDIT FOR STATE TAXES
UNDER § 2604 OF THE INTERNAL REVENUE CODE AGAINST THE FEDERAL
GENERATION-SKIPPING TRANSFER TAX; LESS

(2)  THE AMOUNT THAT BEARS THE SAME RATIO TO THE
MAXIMUM ALLOWABLE CREDIT AS THE VALUE OF THE GENERATION-SKIPPING

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