Maryland Estate Tax - Unified Credit

HB 1153 modifies Maryland's estate tax by setting specific limits on the unified credit used to calculate tax liability for decedents dying before January 1, 2026. It caps the credit at $5 million for estates of people who died between 2019 and 2025, preventing increases tied to federal changes. This directly affects Maryland residents with estates exceeding these thresholds, as it determines whether estate tax applies. The bill maintains the credit calculation method but freezes the exemption amount at $5 million for the specified period, effective July 1, 2025.