Bill would exempt same-sex partners from state inheritance tax
ANNAPOLIS, Md. — Gay domestic partners who co-own homes will be exempted from the state inheritance tax, under legislation approved by the Maryland General Assembly.
The Senate voted 27-18 Monday night, April 13 to pass the measure, which Gov. Martin O’Malley intends to sign.
The bill adds same-sex domestic partners to the list of family members who can inherit homes without paying taxes on that property.
There is no state inheritance tax on property passing to spouses, children, parents, grandparents, stepchildren or stepparents and siblings under current Maryland law. Others pay a 10 percent tax on the property’s value.
On the Net: Read Senate Bill 785: http://mlis.state.md.us/2009rs/billfile/SB0785.htm
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