Changes to Maryland's estate tax exemption gains steam

Gary Haber 

Staff Reporter- Baltimore Business Journal

A bill raising the exemption for Maryland’s estate tax has won support of a powerful backer — Senate President Thomas V. Mike Miller Jr.

Miller is one of a list of Senators who have signed onto Senate Bill 155. The bill would over four years raise the size of estates that don’t have to pay tax to $4 million by 2016, up from $1 million currently.

House Minority Leader David Brinkley, R-Frederick and Carroll is the bill’s primary sponsor. But the bill has also attracted bipartisan support from Democrats Miller, Bobby Zirkin, D-Baltimore County and James Mathias Jr., D-Somerset, Worcester and Wicomico.

Read full article here from Baltimore Business Journal