Section 7-402 - Imposition of tax.
§ 7-402. Imposition of tax.
(a) In general.- Except as provided in subsection (b) of this section, a tax is imposed on a generation-skipping transfer that occurs at the same time and as a result of the death of an individual, if:
(1) the original transferor was a resident of this State on the date of the original transfer; or
(2) (i) the original transferor was not a resident of this State on the date of the original transfer; and
(ii) the generation-skipping transfer includes property having a situs in this State.
(b) Exception.- The Maryland generation-skipping transfer tax does not apply to a direct skip, as defined under § 2612 of the Internal Revenue Code.
[1988, ch. 643, § 2.]