{"data":{"id":"us-md/md.-code-tax-general-13-716","jurisdiction":"us-md","citation":"Md. Code, Tax - General § 13–716","heading":"","body":"(a) The Comptroller shall assess a penalty of 25% of the amount of the underpayment of tax which is attributable to any substantial estate tax valuation understatement.\n(b) For purposes of this section, there is a substantial estate tax valuation understatement if the value of any property claimed, or that should have been claimed, on any return of tax imposed by Title 7, Subtitle 3 of this article is 60% or less of the amount determined to be the correct amount of that valuation.\n(c) A penalty may not be imposed under subsection (a) of this section unless the portion of the underpayment attributable to substantial estate tax valuation understatement is greater than $5,000.","path":["Article - Tax - General"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtg\u0026section=13-716","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:18Z","sha256":"8dba5342eea9d363039819994b4b80e9a02ebf039dec8d885cf0a5dccb43d75b","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-general-13-715","next":"us-md/md.-code-tax-general-13-717"},"notice":"GroundRules: Original legal text. Not legal advice."}