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§ 10-108. Amendments to the Internal Revenue Code

West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2021

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 1. Definitions; General Provisions (Refs & Annos)
Effective: July 1, 2021
MD Code, Tax - General, § 10-108
§ 10-108. Amendments to the Internal Revenue Code
Currentness
Effect of amendment
(a) Except as provided in subsection (c) of this section and unless expressly provided otherwise by law, an amendment of the Internal Revenue Code that affects the determination of federal adjusted gross income or federal taxable income, does not affect the determination of Maryland taxable income under this title for:
(1) any taxable year that begins in the calendar year in which the amendment is enacted; or
(2) any taxable year that precedes the calendar year in which the amendment is enacted.
Report prepared by Comptroller
(b) Within 60 days after an amendment of the Internal Revenue Code is enacted, the Comptroller shall prepare and submit to the Governor and, subject to § 2-1257 of the State Government Article, the President of the Senate and the Speaker of the House a report that outlines:
(1) the changes in the Internal Revenue Code; and
(2) the impact of those changes on State revenue and on various classes and types of taxpayers.
Impact on tax revenue less than $5,000,000
(c) Subsection (a) of this section does not apply to an amendment of the Internal Revenue Code if the Comptroller determines that the impact of the amendment on State income tax revenue is less than $5,000,000 for:
(1) the fiscal year that begins during the calendar year in which the amendment is enacted; or
(2) any fiscal year that precedes the calendar year in which the amendment is enacted.

Credits

Added as Tax-General § 10-221 by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1988, c. 110, § 1, eff. Jan. 1, 1989; Acts 1991, c. 55, § 6, eff. April 9, 1991; Acts 1997, c. 635, § 9, eff. July 1, 1997; Acts 1997, c. 636, § 9, eff. July 1, 1997. Renumbered as Tax-General § 10-108 by Acts 2002, c. 440, § 15, eff. July 1, 2002. Amended by Acts 2002, c. 440, § 16, eff. July 1, 2002; Acts 2004, c. 430, § 4, eff. July 1, 2004; Acts 2021, c. 763, § 1, eff. July 1, 2021; Acts 2021, c. 764, § 1, eff. July 1, 2021.
Formerly Art. 81, §§ 279A, 281.
MD Code, Tax - General, § 10-108, MD TAX GENERAL § 10-108
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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