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§ 10-305. Additions to federal taxable income

West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2019

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 3. Maryland Taxable Income Calculations for Corporation (Refs & Annos)
Part II. Maryland Modified Income (Refs & Annos)
Effective: July 1, 2019
MD Code, Tax - General, § 10-305
§ 10-305. Additions to federal taxable income
Currentness
In general
(a) To the extent excluded from federal taxable income, the amounts under this section are added to the federal taxable income of a corporation to determine Maryland modified income.
Net capital loss carryback
(b) The addition under subsection (a) of this section includes the net capital loss carryback, as defined in § 1212 of the Internal Revenue Code.
State income tax
(c) The addition under subsection (a) of this section includes any taxes based on net income that are imposed by any state or by a political subdivision of any state.
Miscellaneous additions
(d) The addition under subsection (a) of this section includes the additions required for an individual under:
(1) § 10-204(b) of this title (Dividends and interest from another state or local obligation);
(2) § 10-204(c)(2) of this title (Federal tax-exempt income);
(3) § 10-204(e) of this title (Oil percentage depletion allowance);
(4) § 10-204(i) of this title (Deduction for qualified production activities income);
(5) § 10-204(j) of this title (Deduction for costs for security clearance administrative expenses and construction and equipment costs incurred to construct or renovate a sensitive compartmented information facility); and
(6) § 10-204(l) of this title (Deduction for donations to qualified permanent endowment funds).

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1989, c. 178, § 2; Acts 2005, c. 444, § 2, eff. July 1, 2005; Acts 2009, c. 60, § 1, eff. April 14, 2009; Acts 2012, c. 478, § 1, eff. July 1, 2012; Acts 2014, c. 511, § 1, eff. July 1, 2014; Acts 2018, c. 610, § 1, eff. July 1, 2018; Acts 2019, c. 544, § 1, eff. July 1, 2019.
Formerly Art. 81, § 280A.
MD Code, Tax - General, § 10-305, MD TAX GENERAL § 10-305
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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