In the News: Changes to Maryland’s estate tax exemption gains steam

A bill raising the exemption for Maryland’s estate tax has won support of a powerful backer — Senate President Thomas V. Mike Miller Jr.

Supporters of estate tax reform say it is needed to stem the flow of Marylanders who move out of state in order to avoid Maryland’s higher estate taxes. The Maryland Chamber of Commerce has identified changing the estate tax as one of its priorities for the General Assembly session this year.

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