§ 7–303
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Gen. § 7-303 (2026)
Title 7. Death Taxes
Subtitle 3. Maryland Estate Tax
§ 7–303LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, the Maryland estate tax does not apply to the transfer of personal property in an estate of a nonresident decedent, if, at the time of death, the decedent is a resident of a state or foreign country whose law, when the personal property is transferred:
(1)
does not impose death taxes on the transfer of similar personal property of a resident of this State; or
(2)
contains a reciprocal exemption from death taxes similar to the exemption allowed under this subsection.
(b)
The exemption under subsection (a) of this section does not include a transfer of tangible personal property that has a taxable situs in this State.