Inheritance Tax - Beneficiaries of Limited Means - Installment Payments

HB 98 would allow Maryland residents with low incomes to pay inheritance tax in installments instead of a single lump sum. It specifically applies to people who inherit a home they live in or a farm they continue to operate (as defined by the bill), but only if paying the full tax would force them to sell that property. The county official who handles wills must approve this payment plan if requested by the beneficiary. The law would take effect for deaths occurring on or after July 1, 2026.