(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.
(b) (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.
Structure Maryland Statutes
Part III - Determination and Payment of Inheritance Tax
Section 7-214 - Determinations by Register
Section 7-215 - Tax Payment in General
Section 7-216 - Person Required to Pay Tax; Source
Section 7-217 - Time of Payment
Section 7-218 - Alternative Payment Schedule
Section 7-219 - Prepayment of Tax
Section 7-220 - Effects of Prepayment on Subsequent Invasion of Corpus