(1991 Replacement Volume a 1998 Supplement)

BY repealing and reenacting, with amendments,
Article - Tax — General
Section 7-204

Annotated Code of Maryland

(1997 Replacement Volume and 1998 Supplement)

BY repeating and reenacting, with amendments,
Article - Estates and Trusts
Section 2-205(e)
Annotated Code of Maryland
(1991 Replacement Volume and 1998 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Estates and Trusts

2-205.

(e) (1) If the fees and receipts of the office are insufficient in any [month]

FISCAL YEAR to pay all or a part of the expenses of the office and authorized salary of
a register, the deficiency shall be [deducted by the register for that month, from the
taxes due the State Comptroller from the office for that month] FUNDED FROM THE
TAXES PREVIOUSLY REMITTED TO THE STATE COMPTROLLER BY THE REGISTER
DURING THAT FISCAL YEAR. Written authority for the [deduction] TRANSFER OF
FUNDS shall be first obtained from the State Comptroller.

(2) In the event that tax collections for the [month] FISCAL YEAR are
insufficient, the Comptroller shall make up the deficit from [funds provided in the
State budget for this purpose] EXCESS FEES REMITTED FROM ALL OTHER
REGISTERS.

Article - Tax - General

7-204.

(a) In this section, "clear value" means fair market value minus expenses.

(b) Except as provided in subsection (e) SUBSECTIONS (C) AND (E) of this
section, the inheritance tax rate is 10% of the clear value of the property that passes
from a decedent.

(c) The EXCEPT AS PROVIDED IN SUBSECTION (E) OF THIS SECTION, THE
inheritance tax rate is 1% 0.9% of the clear value of:

(1) the property that passes from a decedent to or for the use of:

(i) a grandparent of the decedent;