HARRY HUGHES, Governor

2599

(1) Reduced by an amount thereof representing
income taxes imposed by the State of Maryland, any political
subdivision thereof, any other state or subdivision of any
other state, or the District of Columbia.

(2) INCREASED BY AN AMOUNT EQUAL TO ANY

ADDITIONAL CHARITABLE DEDUCTION THAT WOULD HAVE BEEN ALLOWED
ON THE FEDERAL RETURN IF THE STANDARD MILEAGE RATE FOR USE
OF A PASSENGER AUTOMOBILE UNDER § 170 OF THE INTERNAL
REVENUE CODE EQUALLED THE STANDARD MILEAGE RATE USED FOR
COMPUTING THE BUSINESS EXPENSE DEDUCTION UNDER § 162 OF THE
INTERNAL REVENUE CODE.

(A-1) For taxable years beginning after December 31,
1976, an individual who has elected to use the standard
deduction in determining his federal taxable income may

elect, in determining his taxable income under this

subtitle, to deduct the sum of the deductions to which he
would have been entitled had he elected to use itemized
deductions in determining his federal taxable income. Where
such an election is made the itemized deductions permitted
in this subsection may not exceed the federal zero bracket
amount allowable to the taxpayer under the Internal Revenue
Code, and the amount of itemized deductions shall be
[reduced by an amount representing income taxes imposed by
this State, any political subdivision of this State, and any
other state or subdivision of any other state or the
District of Columbia] ADJUSTED IN ACCORDANCE WITH SUBSECTION
(A) OF THIS SECTION.

280.

(c) There shall be subtracted from federal adjusted
gross income: (1) interest or dividends on obligations of
the United States and its territories and possessions or of
any authority, commission or instrumentality of the United
States and any other income to the extent includable in
gross income for federal income tax purposes, but exempt
from State income taxes under the laws of the United States;
(2) payments received by policemen and firemen from pension
systems for injuries or disabilities arising out of and in
the course of their employment as policemen or firemen; (3)
for all taxable years ending after December 31, 1972,
amounts received by an individual who has attained the age
of 65 years before the close of the taxable year as an
annuity, pension, or endowment under a private, municipal,
State or federal employee retirement system, and included in
such individual's federal adjusted gross income, this
subtraction shall not exceed an amount equal to the maximum
annual benefits permitted for persons who retired at the age
of 65 or older under the Social Security Act for the prior
calendar year. The Comptroller shall determine the amount
of the maximum benefit annually and for the purposes of this
subparagraph may allow the subtraction to the nearest $100.
The allowed subtraction shall be reduced by the amount of
old age, survivors, or disability benefits received under