Ch. 263                                     1993 LAWS OF MARYLAND

(1)      THE PERSONAL REPRESENTATIVE OF THE ESTATE OF THE
DECEDENT; OR

(2)      THE FIDUCIARY OF A TRUST:

(I)   . ALL OF WHICH WAS TREATED AS OWNED BY THE DECEDENT
UNDER §§ 671 THROUGH 679 OF THE INTERNAL REVENUE CODE; AND.

(II)     1. TO WHICH THE RESIDUE OF THE DECEDENT'S ESTATE
WILL PASS UNDER THE DECEDENT'S WILL; OR

2. IF A WILL IS NOT ADMITTED TO PROBATE, WHICH IS THE
TRUST PRIMARILY RESPONSIBLE FOR PAYING DEBTS, TAXES, AND EXPENSES OF
ADMINISTRATION OF THE DECEDENT'S ESTATE.                                               

10-902.

(E) (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, A FIDUCIARY
MAY USE THE ANNUALIZATION METHOD AS ALLOWED FOR FEDERAL INCOME TAX
PURPOSES UNDER § 6654(D)(1)(C)(IV) AND (2)(B) OF THE INTERNAL REVENUE-CODE
TO DETERMINE THE AMOUNT OF ESTIMATED TAX REQUIRED TO BE PAID.

(2) FOR PURPOSES OF THIS SUBSECTION, § 6654(D)(1)(C)(IV) AND (2)(B)(I)
OF THE INTERNAL REVENUE CODE SHALL BE APPLIED BY IN EACH INSTANCE
SUBSTITUTING "ENDING BEFORE THE DATE ONE MONTH BEFORE THE DUE DATE
FOR THE INSTALLMENT" FOR "ENDING BEFORE THE DUE DATE FOR THE
INSTALLMENT."

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1993 and shall be applicable to all taxable years beginning after December 31, 1991
1992.

Approved May 11, 1993.

CHAPTER 263
(Senate Bill 735)

AN ACT concerning

Property Review Boards

FOR the purpose of altering the judges who appoint the boards of property review;
providing that this Act does not affect the term of any current member; and
providing the effective date of this Act.

BY repealing and reenacting, with amendments,
Article - Transportation
Section 8-327(b)(1)
Annotated Code of Maryland

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