O'Malley hedges support for changes to Maryland's estate tax

Gary Haber 

Staff Reporter- Baltimore Business Journal

Gov. Martin O'Malley on Wednesday said he would work with legislative leaders to possibly raise the exemption for Maryland's estate tax, but he did not commit to making any changes.

"I'm for what works and for what's fiscally responsible," O'Malley said at a press conference in Annapolis.

Two bills have been introduced in the state Senate so far this session that would "recouple" estate tax exemptions under Maryland law to bring them in line with the federal standard. Both bills would raise the size of Maryland estates that are not subject to the estate tax.

Read full article here from Baltimore Business Journal