§ 10-204. Additions to federal adjusted gross income
West's Annotated Code of MarylandTax-GeneralEffective: January 1, 2029
Effective: January 1, 2029
MD Code, Tax - General, § 10-204
§ 10-204. Additions to federal adjusted gross income
<Section effective January 1, 2029. See, also, section 10-204 effective until January 1, 2029.>
(a) To the extent excluded from federal adjusted gross income, 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 interest or dividends, less related expenses, attributable to an obligation or security of:
(c)(1) If exempted by federal law or by treaty from federal but not State tax on income, the addition under subsection (a) of this section includes salary, wages, or other compensation for personal services.
(d)(1) In this subsection, “lump-sum distribution”, “minimum distribution allowance”, and “total taxable amount” have the meanings stated in § 402(e) of the Internal Revenue Code.
(e) The addition under subsection (a) of this section includes the oil percentage depletion allowance claimed under § 613 or § 613A of the Internal Revenue Code.
(f) The addition under subsection (a) of this section includes the amount of pickup contributions of a member of a retirement or pension system:
(g)(1) In this subsection, “remaindermen” includes a person whose remainder interest is vested, contingent, or vested subject to divestment.
(h) The addition under subsection (a) of this section includes the amount deducted under § 222 of the Internal Revenue Code for qualified tuition and related expenses paid during the taxable year.
(j) The addition under subsection (a) of this section includes any amount deducted for costs, as defined under § 10-732 of this title, for security clearance administrative expenses and construction and equipment costs incurred to construct or renovate a sensitive compartmented information facility if an amount is included in the application for a credit under § 10-732 of this title.
(k) For a taxable year beginning after December 31, 2012, the addition under subsection (a) of this section includes the amount of income of an electing small business trust, as defined under § 1361(e)(1) of the Internal Revenue Code, that is subject to the special taxing rules under § 641(c) of the Internal Revenue Code.
(l) The addition under subsection (a) of this section includes any amount deducted as a donation, as defined under § 10-736 of this title, to the extent that the amount of the donation is included in an application for a credit that is certified under § 10-736 of this title.
Credits
Added as Tax-General § 10-205 by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1988, c. 430, §§ 2, 3; Acts 1988, c. 554, § 2. Renumbered as Tax-General § 10-204 and amended by Acts 1989, c. 178, § 2, eff. July 1, 1989. Amended by Acts 1991, c. 487, § 3; Acts 1992, c. 131, § 12; Acts 1993, c. 262; Acts 1994, c. 468, § 1, eff. Oct. 1, 1994; Acts 2002, c. 440, § 16, eff. July 1, 2002; Acts 2005, c. 444, § 2, eff. July 1, 2005; Acts 2012, c. 478, § 1, eff. July 1, 2012; Acts 2012, 1st Sp. Sess., c. 2, § 1, eff. June 1, 2012; Acts 2014, c. 511, § 1, eff. July 1, 2014; Acts 2015, c. 22, § 1, eff. April 14, 2015; Acts 2018, c. 610, § 1, eff. July 1, 2018; Acts 2019, c. 8, § 1, eff. March 27, 2019; Acts 2019, c. 8, § 5; Acts 2019, c. 544, § 1, eff. July 1, 2019; Acts 2023, c. 49, § 2, eff. April 11, 2023.
Formerly Art. 81, § 280.
MD Code, Tax - General, § 10-204, MD TAX GENERAL § 10-204
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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