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Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Gen. § 13-716

§ 13-716

Official textmgaleg.maryland.gov

# (a)

The Comptroller shall assess a penalty of 25% of the amount of the underpayment of tax which is attributable to any substantial estate tax valuation understatement.

# (b)

For purposes of this section, there is a substantial estate tax valuation understatement if the value of any property claimed, or that should have been claimed, on any return of tax imposed by Title 7, Subtitle 3 of this article is 60% or less of the amount determined to be the correct amount of that valuation.

# (c)

A penalty may not be imposed under subsection (a) of this section unless the portion of the underpayment attributable to substantial estate tax valuation understatement is greater than $5,000.

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In this article (40 sections)
  1. gtg-13-603 · § 13-603
  2. gtg-13-604 · § 13-604
  3. gtg-13-605 · § 13-605
  4. gtg-13-606 · § 13-606
  5. gtg-13-701 · § 13-701
  6. gtg-13-702 · § 13-702
  7. gtg-13-703 · § 13-703
  8. gtg-13-704 · § 13-704
  9. gtg-13-705 · § 13-705
  10. gtg-13-706.1 · § 13-706.1
  11. gtg-13-706 · § 13-706
  12. gtg-13-707 · § 13-707
  13. gtg-13-708 · § 13-708
  14. gtg-13-709 · § 13-709
  15. gtg-13-710 · § 13-710
  16. gtg-13-711 · § 13-711
  17. gtg-13-712 · § 13-712
  18. gtg-13-713 · § 13-713
  19. gtg-13-714 · § 13-714
  20. gtg-13-715 · § 13-715
  21. gtg-13-716 · § 13-716
  22. gtg-13-717 · § 13-717
  23. gtg-13-801 · § 13-801
  24. gtg-13-802 · § 13-802
  25. gtg-13-804 · § 13-804
  26. gtg-13-805 · § 13-805
  27. gtg-13-806 · § 13-806
  28. gtg-13-807 · § 13-807
  29. gtg-13-808 · § 13-808
  30. gtg-13-809 · § 13-809
  31. gtg-13-810 · § 13-810
  32. gtg-13-811 · § 13-811
  33. gtg-13-812 · § 13-812
  34. gtg-13-815 · § 13-815
  35. gtg-13-816 · § 13-816
  36. gtg-13-817 · § 13-817
  37. gtg-13-818 · § 13-818
  38. gtg-13-821 · § 13-821
  39. gtg-13-824 · § 13-824
  40. gtg-13-825 · § 13-825
Full table of contents →