Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1929-06-07
PUBLIC GENERAL LAWS


OF Maryland. to subject to Hhs Mary
land Esate Tax"
(g) The term "Son-taxabls prop
erty' means all parts of said Estate"
or interest cherSn, Other than the
Maryland Estate"
(h) The term Credit" means the
maximum credit for any estate. in
heritance, legacy, or succession taxes
paid 20 any State or Territory or the
District of Columbia, allowable with
respect to the gross Federal Estate
Tax" by Section SOl (b) of said
Revenue Act of 1926" said maxi
mum credit, however, to be reduced
in the proportion which the amount
of the "Non-taxable property" bears
to the amount OF the entire Estate"
OF the "Decedent."
ID The term State .Taxss'' means
the aggregate estate, inheritance, sue
cession, collateral Inheritance and 10"
legacy taxes paid to any State, Ter
ritory or the District of Columbia, in
Guiding also such taxes of any of the
above kinds as are imposed by the
State of Maryland other than the
Maryland Estate Tax" imposed by
this Article. allowable in COMPUTE
the maximum credit under said Sec
ton 301 CD of said Revenue Act
of 1926" except such taxes of any
of the above kinds upon or with re-
spect to "Non-taxable property" OF
the "Decedent"
2. TAX IMPOSED. In addition to
the tax and Tor taxes imposed by Ar
ticle 81. a Maryland Estate Tax" is
hereby imposed upon the transfer of
the Maryland Estate" of every DE
cedent," the amount OF which Mary
land Estate Tax" shall be equal to
the extent, II any. Of the excess of
the Credit" over the aggregate of
state Taxes" payable by or out of
the Maryland Estate" of the De
cedent" or any part thereof. provided,
however, that such Maryland Estate
Tax" hereby imposed shall in no case
exceed the extent to which its pay
ment will effect a saving or diminu--
tion in the amount of the Federal
Estate Tax" payable by or out of
the Estate" of the "Decedent" had
this Article not been enacted.
8. WHEN PAYABLE. The Mary
land Estate Tax" shall be payable at
the same time or times at which the
Federal Estate Tax" is payable. and
shall bear interest, If any, at the
same rate and for the same period as
such Federal Estate Tax"
4. TO WHOM PAYABLE. The
Maryland Estate Tax" shall be a
charge upon the entire Maryland
Estate" of the "Decedent": and the
Executor" shall pay the same to
the Register of Wills OF the city or
GULL. III NAANh ID
had, or if none such, where the De
cedent' had his residence, and at the
time of payment shall file with such
Register an affidavit showing:
"a The amount of the Federal
Estate Tax" before allowing the max
imum credit for taxes Of any of the
kinds as provided in'said Section 301
OBJ of said Revenue Act of 1920;
90 The proportion of "Non-Taxa-
BILE Property" to the entire Estate"
as referred to in Section (h) Of this
Article:
(3) The amount Of State Taxes;
tD The amount Of any additional
Federal Estate Tax" Of the De-
cedent"'
80 The amount of the Maryland
Estate Tax;
90 The amount of interest, If any,
paid on such Federal Estate Tax"
and the period covered by such in
| terest together with the amounts, IL
any, of any of said items heretofore
paid.
The several Registers of Wills in
| this State shall account TO the Comp
troller for all moneys SO collected
monthly, who shall receipt therefor
and forthwith my over to the State
Treasurer all moneys thus received;
provided, however, that the Said
Comptroller shall retain in his hands
at all times such a sum as, in his
| judgment, shall be sufficient to enable
him to pay promptly all claims for
refunds as provided for in Sections
and 10 of this Act.
5. ADDITIONAL ASSESSMENT OF
TAX OR REFUND Or EXCESS
PAY MENT. If the amount of Fed
eral Estate Tax" shall, upon the final
| determination of the same, be in
creased or decreased as affecting an
Estate" the transfer Of any part
whereof is taxable hereunder subse-
quent to the payment of the MARY
land Estate Tax" the said Maryland
Estate Tax" imposed shall be changed
accordingly. Any additional MARY
land Estate Tax" shall be payable al
the came time or times at which the
additional Federal Estate Tax" l.
payable. In the event that'there shall
be a decrease in said Federal Estate
Tax" said Executor" shall file with
the Comptroller of the State OF Mary.
land an affidavit in such form as Il
prescribed by said Comptroller. set
ting forth:
(a) The amount of Federal Estate
Tax" as originally computed;
OBJ The amount of said Fedora
Estate Tax" as revised and decreased
(c) The amount of "Marylant
Estate Tax" heretofore paid and dat
of payment;
(d) The amount of "Marylan,
Estate Tax" properly payable IN view
of such revision and decrease of Fed
eral Estate Tax"
With said affidavit shall also b.
filed:
(a) A certificate or other evidenc
from the Bureau of Internal Revenu
showing the amount OF Fedora
Estate Tax as so revised and de
: creased;
CD A certified copy of the affidavit
filed with the Register of Wills a
provided in Section of this Article
Co A duplicate receipt by sal,
Register of Wills for the "Marylan
!, Estate Tax" heretofore paid, show
ing date of payment;
! I'D Such other evidence as sal
: Comptroller may require in order I
8 enable said Comptroller to determin
tho Maryland Estate Tax" properl
payable and the amount, If any, Q
any refund due.
Said Comptroller shall thereupo
8 cause to be paid to said Executor
from the fund retained by him, a
provided in Section 1 of this Act
| the amount of refund found to b
. due, together with interest thereo
$ at the rate of six per centum CSC
| from the date of payment of tn
s Maryland Estate Tax" and If tn
: fund retained by the Comptrolle
T shall no Insufficient, the Comptrolle
shall retain from the next subsequen
receipts of the Maryland Estat
$ Tax such amount as will be neces
sary to make the said refund.
6 REIMBURSEMENT OF PER
I SONS OTHER THAN LEGAL REP
: RESENTATlVES PAYING TAN.
the Maryland Estate Tax" or an
> part thereof is paid by. or ,nl!cCte
u out of that part of the "ilrrylan
y Estate" passing to or in the posses
- sion Of, any person other than III
= executor or administrator in his ca
T. pacity as such, such person shall
entitled to reimbursement out of an
e part OF the Maryland Estate" sti
! undisturhcd or to a Just ana eQuitabl
" contribution by the persons who's
u interest In the estate" " the "Dt
, cedent" would have been reduced
=, the tax had been paid before the dis