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Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Gen. § 7-401

§ 7-401

Official textmgaleg.maryland.gov

# (a)

In this subtitle the following words have the meanings indicated.

# (b)

“Federal credit” means:

# (1)

the maximum allowable credit for State taxes under § 2604 of the Internal Revenue Code against the federal generation-skipping transfer tax; less

# (2)

the amount that bears the same ratio to the maximum allowable credit as the value of the generation-skipping transfer taxable by all other states bears to the total value of the generation-skipping transfer.

# (c)

“Federal generation-skipping transfer tax” means the tax imposed by § 2601 of the Internal Revenue Code.

# (d)

“Generation-skipping transfer” means a transfer subject to the federal generation-skipping transfer tax.

# (e)

“Original transferor” means an individual who makes a transfer of property that results in the imposition of the federal generation-skipping transfer tax.

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In this article (40 sections)
  1. gtg-7-219 · § 7-219
  2. gtg-7-220 · § 7-220
  3. gtg-7-221 · § 7-221
  4. gtg-7-224 · § 7-224
  5. gtg-7-225 · § 7-225
  6. gtg-7-228 · § 7-228
  7. gtg-7-231 · § 7-231
  8. gtg-7-232 · § 7-232
  9. gtg-7-233 · § 7-233
  10. gtg-7-234 · § 7-234
  11. gtg-7-301 · § 7-301
  12. gtg-7-302 · § 7-302
  13. gtg-7-303 · § 7-303
  14. gtg-7-304 · § 7-304
  15. gtg-7-305.1 · § 7-305.1
  16. gtg-7-305 · § 7-305
  17. gtg-7-306 · § 7-306
  18. gtg-7-307 · § 7-307
  19. gtg-7-308 · § 7-308
  20. gtg-7-309 · § 7-309
  21. gtg-7-401 · § 7-401
  22. gtg-7-402 · § 7-402
  23. gtg-7-403 · § 7-403
  24. gtg-7-404 · § 7-404
  25. gtg-7-405 · § 7-405
  26. gtg-7-406 · § 7-406
  27. gtg-7.5-101 · § 7.5-101
  28. gtg-7.5-102 · § 7.5-102
  29. gtg-7.5-103 · § 7.5-103
  30. gtg-7.5-201 · § 7.5-201
  31. gtg-7.5-202 · § 7.5-202
  32. gtg-7.5-301 · § 7.5-301
  33. gtg-8-101 · § 8-101
  34. gtg-8-102 · § 8-102
  35. gtg-8-201 · § 8-201
  36. gtg-8-202 · § 8-202
  37. gtg-8-203 · § 8-203
  38. gtg-8-204 · § 8-204
  39. gtg-8-205 · § 8-205
  40. gtg-8-206 · § 8-206
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