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PARRIS N. GLENDENING, Governor Ch. 497
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BY repealing
Article — Tax — General
Section 7-203(j)
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
BY renumbering
Article - Tax - General
Section 7-203(k) and (1), respectively
to be Section 7-203(j) and (k), respectively
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - General
7-203.
(b) The inheritance tax does not apply to the receipt of [the family allowance
that a surviving spouse and minor children of a decedent are allowed under § 3-201 of
the Estates and Trusts Article] PROPERTY THAT PASSES FROM A DECEDENT TO OR
FOR THE USE OF:
(1) A GRANDPARENT OF THE DECEDENT;
(2) A PARENT OF THE DECEDENT;
(3) A SPOUSE OF THE DECEDENT;
(4) A CHILD OR OTHER LINEAL DESCENDANT OF THE DECEDENT;
(5) A SPOUSE OF A CHILD OR OTHER LINEAL DESCENDANT OF THE
DECEDENT;
(6) A STEPPARENT OR STEPCHILD OF THE DECEDENT;
(7) A BROTHER OR SISTER OF THE DECEDENT; OR
(7) (8) A CORPORATION IF ALL OF ITS STOCKHOLDERS CONSIST OF
THE SURVIVING SPOUSE, PARENTS, STEPPARENTS, STEPCHILDREN, BROTHERS,
SISTERS, AND LINEAL DESCENDANTS OF THE DECEDENT AND SPOUSES OF THE
LINEAL DESCENDANTS.
[(j) The inheritance tax does not apply to the receipt of property that passes
from a decedent to or for the use of the surviving spouse of the decedent and is:
(1) an interest in property that is held in the name of the decedent and
the surviving spouse and passes by right of survivorship;
(2) real property, including leasehold property; or
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- 2657 -
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