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2018 Maryland Code
Tax - General
Title 7 - Death Taxes
Subtitle 2 - Inheritance Tax
Part I - Definitions; General Provisions
§ 7-204. Tax rate
Universal Citation: MD Tax-Gen Code § 7-204 (2018)
(a) "Clear value" defined. -- In this section, "clear value" means fair market value minus expenses.
(b) Collateral tax rate. -- The inheritance tax rate is 10% of the clear value of the property that passes from a decedent.
(c) Applicable rate before June 1, 1975. -- If a decedent died on or before May 31, 1975, the rate of the inheritance tax is the rate in effect on the date of the decedent's death.
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