Section 10-503 – When Individual Dies
The taxable year of an individual terminates on the date of death.
Section 10-704.7 – For Wages, Child Care, and Transportation for Qualified Employees With Disabilities
(a) An individual or a corporation may claim a credit against the income tax for: (1) wages paid to a qualified employee with a disability; and (2) (i) child care provided or paid for by a business entity for the children of a qualified employee with a disability as provided under § 21–309 of the Education Article; or (ii) transportation […]
Section 10-504 – Changing Accounting Period
(a) A person may change the accounting period used to compute Maryland taxable income to any other period that the Comptroller approves. (b) If a person changes accounting periods, the person shall file a separate return for the period between the close of the previous accounting period and the beginning of the newly adopted accounting period.
Section 10-704.8 – For New Job Creating Businesses
An individual or a corporation may claim a State tax credit against the income tax as provided under § 9-230 of the Tax – Property Article.
Section 10-601 – Computation of State Income Tax — in General
Except as provided in § 10–105(d) of this title and except as otherwise provided in this subtitle, a person shall compute the State income tax by applying the tax rates in § 10–105 of this title to Maryland taxable income.
Section 10-602 – Computation of State Income Tax — From Income Tax Tables
An individual shall compute the tax for a taxable year from the tax tables if the individual has Maryland taxable income equal to or less than the maximum amount provided for in the tax tables.
Section 10-603 – Computation of State Income Tax — in Year of Rate Change
Unless an act that changes the State income tax rate provides otherwise, if the rate changes on a date other than the 1st day of the taxable year of a person, the person shall compute State income tax using the tax rate that applies to each part of the year.
Section 10-604 – Computation of County Income Tax
Except as otherwise provided in this subtitle, an individual shall compute the county income tax by applying the county tax rate in § 10-106 of this title to Maryland taxable income.
Section 10-306.2 – Captive Real Estate Investment Trusts
(a) In this section: (1) “captive REIT” means a corporation, trust, or association: (i) that is considered a real estate investment trust for the taxable year under § 856 of the Internal Revenue Code; (ii) that is not regularly traded on an established securities market; and (iii) more than 50% of the voting power or value of the beneficial interests […]
Section 10-307 – Subtractions From Federal Taxable Income
(a) To the extent included in federal taxable income, the amounts under this section are subtracted from the federal taxable income of a corporation to determine Maryland modified income. (b) The subtraction under subsection (a) of this section includes the amount included in the income of a domestic corporation claiming a foreign tax credit as dividends under […]