§ 10-205. Addition of state adjustments
West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2023 to June 30, 2027
Effective: July 1, 2023 to June 30, 2027
MD Code, Tax - General, § 10-205
§ 10-205. Addition of state adjustments
<Section effective until July 1, 2027. See, also, section effective July 1, 2027.>
(a) In addition to the modification under § 10-204 of this subtitle, the amounts under this section are added to the federal adjusted gross income of a resident to determine Maryland adjusted gross income.
(b) The addition under subsection (a) of this section includes the amount of a credit claimed under:
(c) In the year after decertification of land used for commercial forest land under § 5-219 of the Natural Resources Article, the addition under subsection (a) of this section includes the amount allowed in a prior taxable year as a subtraction under § 10-208(i) of this subtitle for reforestation or timber stand improvement.
(d) The addition under subsection (a) of this section includes the amount of a credit that is claimed under § 10-703 of this title and is based on a tax paid by an S corporation to a state that does not recognize the federal tax treatment of an S corporation.
(d-1) The addition under subsection (a) of this section includes the amount of a credit that is claimed under § 10-703 of this title and is based on a tax imposed on any pass-through entity by another state that is deductible in determining the pass-through entity's income under the Internal Revenue Code.
(e)(1)(i) In this subsection the following words have the meanings indicated.
(f) The addition under subsection (a) of this section includes 50% of the sum of tax preference items under § 10-222 of this subtitle.
(g) The addition under subsection (a) of this section includes the amount claimed and allowed as a deduction for federal income tax purposes for expenses attributable to:
(h)(1)(i) In this subsection the following words have the meanings indicated.
(ii) any distribution received in the taxable year by an account holder under a prepaid contract in accordance with the Maryland Senator Edward J. Kasemeyer Prepaid College Trust or under an investment account in accordance with the Maryland Senator Edward J. Kasemeyer College Investment Plan or the Maryland Broker-Dealer College Investment Plan that is not used on behalf of the qualified beneficiary or qualified designated beneficiary for qualified higher education expenses.
(i) The addition under subsection (a) of this section includes the amount of a credit claimed under § 10-721 of this title for Maryland qualified research and development expenses.
(j) The addition under subsection (a) of this section includes the amount of a credit claimed under § 10-726 of this title for research and development expenses for cellulosic ethanol technology.
(k) The addition under subsection (a) of this section includes, if a taxpayer sold or exchanged a property for which a subtraction modification enacted by Chapters 544 and 545 of the Acts of the General Assembly of 2012, as amended, or Chapter 231 of the Acts of the General Assembly of 2017 has been claimed, the difference between:
(l)(1)(i) In this subsection the following words have the meanings indicated.
(4) The cumulative amount of the addition under this subsection for the taxable year and all prior taxable years may not exceed the cumulative amount allowed as a subtraction under § 10-208(v) of this subtitle for the taxable year and all prior taxable years for contributions made by an ABLE account contributor to an ABLE account under the Maryland ABLE Program under which the distribution is received.
(m) The addition under subsection (a) of this section includes the amount of credit that is claimed under § 10-701.1 of this title for the amount of tax paid by a pass-through entity under § 10-102.1 of this title and is attributable to the member's share of tax on the member's share of the pass-through entity's taxable income, as defined in § 10-102.1(a)(8) of this title.
Credits
Added as Tax-General § 10-206 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. 110, § 1. Renumbered as Tax-General § 10-205 and amended by Acts 1989, c. 178, § 2, eff. July 1, 1989. Amended by Acts 1992, c. 118; Acts 1995, c. 492, § 1, eff. July 1, 1995; Acts 1996, c. 10, § 1, eff. April 9, 1996; Acts 1997, c. 112, § 1, eff. June 30, 1998; Acts 1997, c. 113, § 1, eff. June 30, 1998; Acts 1998, c. 572, § 1, eff. July 1, 1998; Acts 1998, c. 598, § 1, eff. June 1, 1998; Acts 1998, c. 599, § 1, eff. June 1, 1998; Acts 1999, c. 34, § 1, eff. April 13, 1999; Acts 2000, c. 61, § 6, eff. April 25, 2000; Acts 2000, c. 494, § 1, eff. July 1, 2000; Acts 2000, c. 515, § 1, eff. July 1, 2000; Acts 2000, c. 516, § 1, eff. July 1, 2000; Acts 2001, c. 364, § 1, eff. July 1, 2001; Acts 2002, c. 533, § 2, eff. July 1, 2002; Acts 2006, c. 394, § 2, eff. July 1, 2006; Acts 2006, c. 394, § 3, eff. July 1, 2006; Acts 2007, c. 5, § 1, eff. March 22, 2007; Acts 2008, c. 139, § 1, eff. July 1, 2008; Acts 2008, c. 548, § 1, eff. Oct. 1, 2008; Acts 2011, c. 564, § 3, eff. Jan. 1, 2012; Acts 2012, c. 66, § 6, eff. April 10, 2012; Acts 2012, c. 544, § 1, eff. July 1, 2012; Acts 2012, c. 545, § 1, eff. July 1, 2012; Acts 2016, c. 8, § 5; Acts 2016, c. 39, § 2, eff. July 1, 2016; Acts 2017, c. 231, § 1, eff. July 1, 2017; Acts 2018, c. 12, § 1, eff. April 5, 2018; Acts 2018, c. 12, § 6; Acts 2018, c. 609, § 1, eff. July 1, 2018; Acts 2019, c. 8, § 1, eff. March 27, 2019; Acts 2020, c. 628, § 1, eff. May 8, 2020; Acts 2021, c. 39, § 2, eff. Feb. 15, 2021; Acts 2023, c. 445, § 1, eff. July 1, 2023.
MD Code, Tax - General, § 10-205, MD TAX GENERAL § 10-205
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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