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SB 704

Maryland - Session 2026

Senate passed_upper 2026-04-04
Bill Details

Title: Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company

Summary

Authorizing, for purposes of determining the Maryland estate tax, a qualified recipient to transfer ownership of qualified agricultural property to a limited liability company; providing that qualified agricultural property transferred in accordance with the Act is not subject to estate tax recapture if the ownership of the company consists only of qualified recipients and the property is used for farming purposes for at least 10 years after the decedent's death; etc.

Sponsor
Senator Mautz
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Actions Timeline
Date Event Detail
0000-00-00 Status passed_upper
2026-02-06 Introduced Bill introduced
2026-04-04 Latest Action In the House - Hearing 4/02 at 1:00 p.m.
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