Section 7-215 – Tax Payment in General
The person responsible under § 7-216 of this subtitle for paying the inheritance tax shall pay it to the register who determines the inheritance tax under § 7-214 of this subtitle.
Section 7-216 – Person Required to Pay Tax; Source
(a) (1) Except as otherwise provided in this section, the inheritance tax on property that passes from a decedent shall be paid, before it is distributed, by the person who distributes the property. (2) The person who distributes property that passes from a decedent is liable for the inheritance tax on the property distributed until the tax is […]
Section 7-217 – Time of Payment
(a) Except as provided in § 7-218 of this subtitle and subsections (d), (e), and (f) of this section, if an estate is administered subject to the jurisdiction of a court, the person responsible for paying the inheritance tax shall pay the tax when the register determines the amount due, at the time that the representative […]
Section 7-218 – Alternative Payment Schedule
(a) In this section, “small business” means a firm that: (1) is independently owned and operated; (2) is not a subsidiary of another firm; (3) is not dominant in its field of operation; and (4) in its most recently completed fiscal year, did not employ in its operations more than 25 individuals. (b) On application of a person responsible for paying […]
Section 7-219 – Prepayment of Tax
(a) Within a reasonable time after the valuation of a less than absolute interest in property that passes from a decedent, an application to prepay the inheritance tax for a subsequent interest in the same property may be filed with the register of the county where the information report was filed under § 7–224 of this […]
Section 7-220 – Effects of Prepayment on Subsequent Invasion of Corpus
(a) Except as provided in subsection (b) of this section, if the total inheritance tax determined on all interests in property is paid when due and equals the inheritance tax that would have been due if an absolute interest in the property passed from the decedent, additional inheritance tax is not due because of a subsequent […]
Section 7-221 – Payment on Disqualification of Specially Valued Property; Certificate of Nondisqualification
(a) (1) If within 15 years after the date of a decedent’s death, property valued under § 7-211 of this subtitle is disqualified for the special valuation, additional inheritance tax is due in the amount of the difference between the inheritance tax paid and the inheritance tax that would have been paid if the election under § […]
Section 7-202 – Imposition of Tax
Except as provided in § 7-203 of this subtitle, a tax is imposed on the privilege of receiving property that passes from a decedent and has a taxable situs in the State.
Section 7-224 – Information Report
(a) Within 3 months after the grant of letters of administration, a personal representative shall prepare and file with the register who issued the letters a written report that: (1) is made under oath; (2) lists the property as defined in § 7-201(d)(1)(ii) and (iii) of this subtitle that passes from a decedent; and (3) if appropriate, states that […]
Section 7-203 – Exemptions
(a) The inheritance tax does not apply to the receipt of an annuity or other payment under a public or private employees’ pension or benefit plan if the annuity or other payment is not taxable for federal estate tax purposes. (b) (1) (i) In this subsection the following words have the meanings indicated. (ii) “Child” includes a stepchild or former […]