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SB 211

Maryland Estate Tax - Repeal

2026 Regular Session Introduced by William Folden

Maryland SB 211 would eliminate the state's estate tax on large inheritances, eliminating $200-300M annual revenue while potentially reducing wealthy resident out-migration.

Hearing 1/21 at 10:00 a.m.
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Bill Summary · SB 211

Legislative bill overview

SB 211 proposes the complete repeal of Maryland's estate tax, which currently applies to estates exceeding $5.25 million. The bill would eliminate this state-level tax on inherited wealth, though federal estate tax would remain applicable to large estates under federal law.

Why is this important

Maryland's estate tax generates approximately $200-300 million annually for the state budget. Repeal would represent a significant revenue loss during a period when many states face fiscal pressures, while proponents argue it would reduce out-of-state migration of wealthy residents and simplify estate planning for Maryland families.

Potential points of contention

  • Revenue impact: The state would lose substantial tax revenue, requiring either budget cuts elsewhere or tax increases on other groups to maintain services
  • Wealth inequality: Repealing a tax that primarily affects high-net-worth individuals may exacerbate wealth concentration, while supporters argue it encourages economic investment and job creation
  • Competitive positioning: Maryland would join 38 other states without estate taxes, but neighboring states with similar tax structures may limit competitive advantage

Compiled from official sources — confirm details with the bill’s official record.

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