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 10-201 – In General
An individual shall calculate Maryland taxable income by subtracting from the individual’s Maryland adjusted gross income calculated under Part II of this subtitle an amount that equals: (1) the exemptions allowed under Part III of this subtitle; and (2) the deductions allowed under Part IV of this subtitle.
Section 10-203 – In General
Except as provided in Subtitle 4 of this title, the Maryland adjusted gross income of an individual is the individual’s federal adjusted gross income for the taxable year as adjusted under this Part II of this subtitle.
Section 10-204 – Additions to Federal Adjusted Gross Income — Addbacks of Federal Adjustments
(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: (1) another state; […]
Section 10-102 – Imposition of Tax — in General
Except as provided in § 10-104 of this subtitle, a tax is imposed on the Maryland taxable income of each individual and of each corporation.
Section 10-102.1 – Imposition of Tax — Certain S Corporations and Partnerships
(a) (1) In this section the following words have the meanings indicated. (2) “Distributable cash flow” means taxable income reportable by a pass–through entity on its federal income tax return for the taxable year: (i) adjusted, in the case of an entity using the accrual method of accounting to report federal taxable income, to reflect the amount of taxable […]