Section 10-210.1 – Further Modifications — Depreciation Deduction; Net Operating Loss Deduction
(a) (1) In this section the following words have the meanings indicated. (2) “Depreciation” includes any deduction allowed under § 179 of the Internal Revenue Code. (3) “Heavy duty SUV” means a 4–wheeled vehicle that: (i) is manufactured primarily for use on public streets, roads, and highways; (ii) is rated at more than 6,000 but not more than 14,000 pounds gross […]
Section 10-105 – State Income Tax Rates
(a) (1) For an individual other than an individual described in paragraph (2) of this subsection, the State income tax rate is: (i) 2% of Maryland taxable income of $1 through $1,000; (ii) 3% of Maryland taxable income of $1,001 through $2,000; (iii) 4% of Maryland taxable income of $2,001 through $3,000; (iv) 4.75% of Maryland taxable income of $3,001 through […]
Section 10-211 – Individuals Other Than Fiduciaries
(a) Subject to the provisions of this section, an individual may deduct an exemption for: (1) the taxpayer; (2) the spouse of the taxpayer if: (i) a joint return is not made by the taxpayer and the spouse; and (ii) the spouse, for the calendar year in which the taxable year of the taxpayer begins, has no gross income and […]
Section 10-106 – County Income Tax Rate
(a) (1) Each county shall set, by ordinance or resolution, a county income tax equal to at least 2.25% but not more than 3.20% of an individual’s Maryland taxable income for a taxable year beginning after December 31, 2001. (2) A county income tax rate continues until the county changes the rate by ordinance or resolution. (3) (i) A county […]
Section 10-212 – Fiduciaries
(a) To determine Maryland taxable income, a fiduciary other than a personal representative may deduct $200 as an exemption. (b) To determine Maryland taxable income, a personal representative may deduct $600 as an exemption.
Section 10-106.1 – Individuals Subject to State Tax but Not County Tax
(a) An individual subject to the State income tax under § 10-105(a) of this subtitle, but not subject to the county income tax under § 10-106 of this subtitle, shall be subject to the tax imposed under this section. (b) The rate of the tax imposed under this section shall be equal to the lowest county income […]
Section 10-107 – Application of Federal Income Tax Law
To the extent practicable, the Comptroller shall apply the administrative and judicial interpretations of the federal income tax law to the administration of the income tax laws of this State.
Section 10-108 – Effect of Amendment of Internal Revenue Code; Report by Comptroller
(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 […]
Section 10-109 – Authorization to Distribute, Apportion, or Allocate Certain Tax Attributes Between and Among Organizations
(a) The Comptroller may distribute, apportion, or allocate gross income, deductions, credits, or allowances between and among two or more organizations, trades, or businesses, whether or not incorporated, whether or not organized in the United States, and whether or not affiliated, if: (1) the organizations, trades, or businesses are owned or controlled directly or indirectly by the […]
Section 9-332 – Judicial Review
Any person aggrieved by a cancellation under § 9–330 of this subtitle or by a final decision of the Comptroller in a contested case as defined in § 10–202 of the State Government Article may appeal to the appropriate circuit court. The appeal shall be filed within 30 days after the mailing date of the […]