O’Malley To Testify On Easing Estate Tax For Farms

ANNAPOLIS, Md. (AP) — Democratic Gov. Martin O’Malley’s administration is supporting a Republican sponsored bill to reduce Maryland’s estate tax for family farms.

O’Malley had been set to testify in support of the legislation on Thursday, but Agriculture Secretary Buddy Hance testified in his place because of a scheduling conflict.

Hance says the governor recognizes the importance of family farms, not only for agriculture but also to protect the Chesapeake Bay and state lands from too much development.

The bill, sponsored Republican Delegate Kathy Afzali, of Frederick, would exclude $5 million of the value of qualified
agricultural property from the estate tax.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


One Comment

  1. uni7 says:

    How about easing it for people making less than 25K a year?….You uncaring idiot.

    1. tired of idiots says:

      If you make less than 25k a year, how can you afford that boat in which you cut crabbers gear with? (please see crab license buyback article)

  2. Lorna Rudnikas says:

    Estate Tax is a very sad effort to reach beyond the grave of tax payers with a greed that is unbelievable. Of course we need to save our farms and many businesses that are devastated by such government greed. But the very same devastation hits all families unjustly and needs to be done away with immediately. Taxation of this type is completely immoral! It is a despicable abuse of a tax paying citizen who cannot argue the point further because they are dead. Abuse of the dead – and their grieving loved ones. Yikes!!! And always the tax paying citizens of this great State feel the brunt of poor government judgment.

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