LAWS OF MARYLAND 1981

MARYLAND, Sct.:

At a Session of the General Assembly of Maryland, begun and
held in the City of Annapolis on the Fourteenth
Day of January, 1981, and Ending on the Thirteenth
Day of April, 1981, Harry Hughes, being Governor
of the State, the following laws were enacted, to
wit:

CHAPTER 1

(House Bill 462)

AN ACT concerning

Income Tax - Interest Exemption

FOR the purpose of excluding from taxable income, for State
income tax purposes, for the 1980 taxable year only, a
certain amount of interest received by individuals;
clarifying language; repealing a restriction on the
effectiveness of this provision; and making this Act an
emergency measure.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 280(c)

Annotated Code of Maryland

(1975 Replacement Volume and 1980 Supplement)

(1980 Replacement Volume)

BY repealing

Chapters 826 and 849 of the Acts of the

General Assembly of 1980
Section 2

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 81 - Revenue and Taxes

280.

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken by amendment.