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§ 10-401. Nonresident allocation of adjustments

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 4. Special Treatment of Income (Refs & Annos)
MD Code, Tax - General, § 10-401
§ 10-401. Nonresident allocation of adjustments
Currentness
In computing the adjustments under §§ 10-206 and 10-210 of this title, a nonresident shall allocate to the State income, losses, or adjustments derived in connection with a business that is carried on both in and out of the State and of which the nonresident is a partner, shareholder of an S corporation, or proprietor, or in connection with an occupation, profession, or trade carried on both in and out of the State by:
(1) separate accounting, if the Comptroller allows; or
(2) the method that the Comptroller requires to determine fairly the part of the income derived from or reasonably attributable to the trade, business, profession, or occupation carried on in the State.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1988, c. 430, § 4; Acts 1988, c. 664, § 3; Acts 1988, c. 756, § 3; Acts 1989, c. 178, § 2, eff. July 1, 1989.
Formerly Art. 81, § 287.
MD Code, Tax - General, § 10-401, MD TAX GENERAL § 10-401
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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