2026 Regular Session
SB704
Maryland Estate Tax – Qualified Agricultural Property – Transfer to Limited Liability Company
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.
Legislative progress
i
This summary includes only completed milestones supported by recorded actions. It does not predict the next step, and it preserves later committee reassignments, concurrence, conference, veto, and approval actions when they occur.
Recorded floor votes
2 roll calls are available for this bill. This record includes procedural and intermediate action as well as substantive final votes.
March 20, 2026 · Senate
Third Reading Passed
Passed ⭐ Substantive final action
42 yea–0 nay · 1 not voting · 4 absent
April 13, 2026 · House
Third Reading Passed
Passed ⭐ Substantive final action
134 yea–0 nay · 6 not voting · 1 absent
Committee referrals
March 21, 2026 · House
Ways and Means
February 6, 2026 · Senate
Budget and Taxation
Instrument history
i
This is the complete recorded action history in the current source package. Highlighted entries are marked as significant by the source. A roll-call link appears only when a vote-like action has one unambiguous same-day chamber vote.
-
Senate Approved by the Governor - Chapter 551
-
Senate Returned Passed
-
House Third Reading Passed (134-0) View roll call
-
House Favorable Adopted Second Reading Passed
-
House Favorable Report by Ways and Means
-
House Hearing 4/02 at 1:00 p.m.
-
House Referred Ways and Means
-
Senate Third Reading Passed (42-0) View roll call
-
Senate Second Reading Passed with Amendments
-
Senate Favorable with Amendments {283425/1 Adopted
-
Senate Motion Special Order until Later Today (Senator King) Adopted
-
Senate Favorable with Amendments {283425/1
-
Senate Favorable with Amendments Report by Budget and Taxation
-
Senate Hearing 3/04 at 1:00 p.m.
-
Senate First Reading Budget and Taxation