Ch. 2

LAWS OF MARYLAND

(2) THE MAXIMUM ANNUAL BENEFIT UNDER THE SOCIAL
SECURITY ACT COMPUTED UNDER SUBSECTION (B) OF THIS SECTION, LESS
ANY PAYMENT RECEIVED AS OLD AGE, SURVIVORS, OR DISABILITY
BENEFITS UNDER THE SOCIAL SECURITY ACT, THE RAILROAD RETIREMENT
ACT, OR BOTH.

(B) DETERMINATION OF MAXIMUM ANNUAL BENEFIT UNDER SOCIAL
SECURITY ACT.

FOR PURPOSES OF SUBSECTION (A)(2) OF THIS SECTION, THE
COMPTROLLER:

(1) SHALL DETERMINE THE MAXIMUM ANNUAL BENEFIT UNDER
THE SOCIAL SECURITY ACT ALLOWED FOR AN INDIVIDUAL WHO RETIRED AT
AGE 65 FOR THE PRIOR CALENDAR YEAR; AND

(2) MAY ALLOW THE SUBTRACTION TO THE NEAREST $100.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
280(c)(3) and (9).

The introductory phrase of subsection (a) of this
section, "[t]o determine Maryland adjusted gross
income", is added to state that which only was implied
in the former law -- i.e., the purpose of the
subtraction.

In subsection (a) of this section, the former
references to "private, municipal, State or federal"
retirement systems are deleted as redundant.

Defined terms: "Individual" § 10-101
"Taxable year" § 10-101

10-209. RESERVED.

10-210. RESERVED.

PART III. EXEMPTIONS.

10-211. INDIVIDUALS OTHER THAN FIDUCIARIES.

WHETHER OR NOT A FEDERAL RETURN IS FILED, TO DETERMINE
MARYLAND TAXABLE INCOME, AN INDIVIDUAL OTHER THAN A FIDUCIARY MAY
DEDUCT AS AN EXEMPTION:

(1)  $1,100 FOR EACH EXEMPTION THAT THE INDIVIDUAL MAY
DEDUCT IN THE TAXABLE YEAR TO DETERMINE FEDERAL TAXABLE INCOME
UNDER § 151 OF THE INTERNAL REVENUE CODE; AND

(2)  AN ADDITIONAL $1,100 FOR EACH DEPENDENT, AS
DEFINED IN § 152 OF THE INTERNAL REVENUE CODE, WHO IS AT LEAST 65
YEARS OLD ON THE LAST DAY OF THE TAXABLE YEAR.

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