Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company
Sponsor: Johnny Mautz (District 37)Committee: Budget and TaxationSubject: Taxes - MiscellaneousStatus: Approved by the Governor - Chapter 551 (as of Sep 4, 2026)
What this bill does
Official synopsis
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.
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Testimony (5)
MGA witness listFAV 4FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Lerol, Travis | Travis Lerol | Position only |
| FAV | Meyerovich, Mark | Individual | Position only |
| FAV | Senator Mautz, Senator Mautzlegislator | Individual | Oral |
| FAV | Senator Mautz, Senator Mautzlegislator | Individual | Oral |
| INFO | Dudzic, Matthew | Office of the Comptroller | Written (PDF) |
Organizations on record
Travis LerolFAV 1