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ROBERT L. EHRLICH, JR., Governor S.B. 557
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Senate Bill No. 557
AN ACT concerning
Income Tax - U.S. Government Employees' Foreign Earned Income
FOR the purpose of providing a subtraction modification for certain taxable years
under the Maryland income tax for certain foreign earned income of employees
of the United States or of an agency of the United States, subject to a certain
limitation; defining a certain term; and generally relating to an income tax
subtraction modification for certain foreign earned income of an individual
earned as an employee of the United States or of an agency of the United States.
BY repealing and reenacting, without amendments,
Article - Tax - General
Section 10-207(a)
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
BY adding to
Article - Tax - General
Section 10-207(w)
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - General
10-207.
(a) To the extent included in federal adjusted gross income, the amounts under
this section are subtracted from the federal adjusted gross income of a resident to
determine Maryland adjusted gross income.
(W) (1) IN THIS SUBSECTION:
(I) EXCEPT AS PROVIDED IN ITEM (II) OF THIS PARAGRAPH,
"FOREIGN EARNED INCOME" MEANS FOREIGN EARNED INCOME WITHIN THE
MEANING OF § 911(B)(1) OF THE INTERNAL REVENUE CODE, SUBJECT TO THE
LIMITATION UNDER § 911(B)(2) OF THE INTERNAL REVENUE CODE; AND
(II) "FOREIGN EARNED INCOME" INCLUDES AMOUNTS PAID BY THE
UNITED STATES OR AN AGENCY OF THE UNITED STATES TO AN EMPLOYEE OF THE
UNITED STATES OR OF AN AGENCY OF THE UNITED STATES.
(2) SUBJECT TO THE LIMITATION UNDER PARAGRAPH (3) OF THIS
SUBSECTION, FOR EACH TAXABLE YEAR BEGINNING AFTER DECEMBER 31, 2006, BUT
BEFORE JANUARY 1, 2010, THE SUBTRACTION UNDER SUBSECTION (A) OF THIS
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