MARVIN MANDEL, Governor 2803
hereby repealed and re—enacted, with amendments, to read
as follows:
Article 81 - Revenue and Taxes
280A.
(b) There shall be added to the taxable income of
such taxpayer: (1) except in the case of disaster losses,
as defined in § 165 (h) of the Internal Revenue Code as
amended from time to time, occurring on or after June 1,
1972, the net operating loss deduction as defined in §
172 of the Internal Revenue Code, as amended from time to
time; (2) income taxes imposed by the State of Maryland,
and any other state, the District of Columbia and any
political subdivision of the State of Maryland or any
other state; [and] (3) the net capital loss carry—back as
defined in § 1212 of the Internal Revenue Code, as
amended from time to time [. ] AND (4) FOR ALL TAXABLE
YEARS BEGINNING AFTER DECEMBER 31, 1973, THE OIL
PERCENTAGE DEPLETION ALLOWANCE AS CLAIMED AND ALLOWED
UNDER SECTION [[611]] 613 OF THE INTERNAL REVENUE CODE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.
Approved May 31, 1974.
CHAPTER 850
(Senate Bill 1)
AN ACT concerning
Age of Majority — Alcoholic Beverages
FOR the purpose of lowering the age of minors from
twenty—one to eighteen throughout the State with
respect to certain rights concerning beer and light
wine and generally allowing employment of persons 18
to 21 years of age for the purpose of handling beer
and light wine and the playing of pool or billiards
in licensed establishments in Howard County.
BY repealing and re—enacting, with amendments.
Article 2B — Alcoholic Beverages
Section 2(t), 3 (a) , 20(j-1) , 21 (f-1) , 21(h) ,
38(a)(4), 69(d-1) 117 (a), 117(b), 118(a),
118(a-1), 118(b) 118(c), 118(d), 118(e),
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