It's Time to Restore Maryland's Tax on Multimillion Dollar Estates
In 2014, Maryland's General Assembly passed legislation to exempt estates (and the heirs to them) valued at under $5 million from taxation. This handout to Maryland's richest families has exacerbated our fiscal challenges and harmed our schools, cities, and healthcare system.
State Delegate Jheanelle Wilkins has introduced legislation to reverse this misguided law and restore the tax on estates of over $1 million. Although only 3% of Maryland decedents leave estates worth over $1 million, estimates show that this change in the law would raise $116 million or more per annum. Please click Start Writing to urge Maryland's House Ways and Means Committee to pass HB-0268.