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§ 7-204. Tax rates

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 7. Death Taxes (Refs & Annos)
Subtitle 2. Inheritance Tax (Refs & Annos)
Part I. Definitions; General Provisions (Refs & Annos)
MD Code, Tax - General, § 7-204
§ 7-204. Tax rates
Currentness
Clear value defined
(a) In this section, “clear value” means fair market value minus expenses.
Collateral tax rate
(b) The inheritance tax rate is 10% of the clear value of the property that passes from a decedent.
Applicable rate before June 1, 1975
(c) If a decedent died on or before May 31, 1975, the rate of the inheritance tax is the rate in effect on the date of the decedent's death.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1996, c. 367, § 1, eff. July 1, 1996; Acts 1999, c. 635, § 1, eff. July 1, 1999; Acts 2000, c. 497, § 1, eff. July 1, 2000.
Formerly Art. 81, §§ 149, 150.
MD Code, Tax - General, § 7-204, MD TAX GENERAL § 7-204
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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