Form Met 1 - Schedule B
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1SCHEDULE B
Form MET 1
Schedule B
Use this schedule and worksheet to complete line 10, of the Maryland estate tax return
Rev. 07/11
if the decedent died after December 31, 2010 and before January 1, 2012
1.
Maryland estate tax base (from line 7 Section IV of the Maryland
Estate Tax Return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ___________
2.
Less $60,000 adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ___________
(60,000.00)
3.
Adjusted taxable estate (subtract line 2 from line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . $ ___________
Complete lines 4-13 using tables A and B below to determine the allowable maximum credit for state death
taxes for purpose of the Maryland estate tax.
Table A – Unified Rate Schedule
Column A
Column B
Column C
Column D
Taxable amount over
Taxable amount not over
Tax on amount in
Rate of tax on excess
column A
over amount in column A
(Percent)
0
$10,000
0
18
$10,000
20,000
$1,800
20
20,000
40,000
3,800
22
40,000
60,000
8,200
24
60,000
80,000
13,000
26
80,000
100,000
18,200
28
100,000
150,000
23,800
30
150,000
250,000
38,800
32
250,000
500,000
70,800
34
500,000
155,800
35
Table B – Computation of Maximum Credit for State Death Taxes
(1)
(2)
(3)
(4)
(1)
(2)
(3)
(4)
Adjusted taxable
Adjusted taxable
Credit on amount
Rate of credit on
Adjusted taxable
Adjusted taxable
Credit on amount
Rate of credit on
estate equal to or
estate less
in column (1)
excess over
estate equal to or
estate less than
in column (1)
excess over
more than –
than –
amount in
more than
amount in
column (1)
column (1)
(Percent)
0
$40,000
0
None
2,040,000
2,540,000
106,800
8.0
$40,000
90,000
0
0.8
2,540,000
3,040,000
146,800
8.8
90,000
140,000
$400
1.6
3,040,000
3,540,000
190,800
9.6
140,000
240,000
1,200
2.4
3,540,000
4,040,000
238,800
10.4
240,000
440,000
3,600
3.2
4,040,000
5,040,000
290,800
11.2
440,000
640,000
10,000
4.0
5,040,000
6,040,000
402,800
12.0
640,000
840,000
18,000
4.8
6,040,000
7,040,000
522,800
12.8
840,000
1,040,000
27,600
5.6
7,040,000
8,040,000
650,800
13.6
1,040,000
1,540,000
38,800
6.4
8,040,000
9,040,000
786,800
14.4
1,540,000
2,040,000
70,800
7.2
9,040,000
10,040,000
930,800
15.2
10,040,000
- - - - - - -
1,082,800
16.0
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