§ 7-219
172 words·~1 min read·
/md/tax-general/7-219A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–219.
(a)Within a reasonable time after the valuation of a less than absolute interest in property that passes from a decedent, an application to prepay the inheritance tax for a subsequent interest in the same property may be filed with the register of the county where the information report was filed under § 7–224 of this subtitle.
(1)An application under subsection
(a)of this section may be filed by or for a person or class of persons, whether or not then in being, in whom may vest a subsequent interest in the property valued.
(2)An application under subsection
(a)of this section may not be made by or for a person who, under the instrument that created the property interests, has no interest other than the possibility of becoming an appointee by the exercise of a power of appointment.
(3)A person who only has the interest described in paragraph
(2)of this subsection is entitled to receive the benefits of prepayment under § 7–210(b) of this subtitle.