Home Table of Contents

§ 7-402. Generation-skipping transfer tax

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 7. Death Taxes (Refs & Annos)
Subtitle 4. Maryland Generation-Skipping Transfer Tax (Refs & Annos)
MD Code, Tax - General, § 7-402
§ 7-402. Generation-skipping transfer tax
In general
(a) Except as provided in subsection (b) of this section, a tax is imposed on a generation-skipping transfer that occurs at the same time and as a result of the death of an individual, if:
(1) the original transferor was a resident of this State on the date of the original transfer; or
(2)(i) the original transferor was not a resident of this State on the date of the original transfer; and
(ii) the generation-skipping transfer includes property having a situs in this State.
Direct skips
(b) The Maryland generation-skipping transfer tax does not apply to a direct skip, as defined under § 2612 of the Internal Revenue Code.


Added by Acts 1988, c. 643, § 2, eff. Jan. 1, 1989.
MD Code, Tax - General, § 7-402, MD TAX GENERAL § 7-402
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document