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Apr
2
Md. Senate Panel Backs Tax Break for Partners
Filed Under LGBT | Leave a Comment
The Examiner reports:
A Maryland Senate panel has endorsed exempting domestic partners who co-own homes from inheritance taxes after the death of one person.
The Senate Budget and Taxation committee voted 9-6 Wednesday to advance a bill that would add domestic partners to the list of family members who can inherit homes without paying taxes on that property. The exemption would only apply to the couple’s primary residence and the property must be jointly owned for the survivor to get the tax break.
