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1535
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HARRY HUGHES, Governor
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regulations of this State prior to the year 1967;]
[(5)] (4) Any income reported on the individual's
federal income tax return due to a withdrawal or withdrawals from
a retirement plan established under the Self-Employed Individuals
Tax Retirement Act of 1962, Public Law 87-792, as amended,
popularly known as a Keogh Plan, to the extent that the
withdrawal or withdrawals consist of funds on which State income
taxes were paid under the applicable State law at the time the
funds were contributed to the plan, or of interest or dividends
on which State income taxes were paid under the applicable State
law at the time the interest or dividends accumulated in the
plan;
[(6)] (5) To the extent included, the amount of any
refunds of income taxes paid to the State of Maryland, any other
state, the District of Columbia, and any political subdivision of
the State of Maryland and of any other state;
[(7)] (6) To the extent included, distributions to
beneficiaries of accumulated income on which income tax has been
paid by a fiduciary to this State;
[(8)] (7) Expenses for household and dependent care
services determined and calculated as employment-related expenses
under Section 44A of the Internal Revenue Code, as amended from
time to time, and subject to the dollar limit imposed by that
section;
[(9)] (8) To the extent included, any profit realized
from the sale or exchange of bonds issued by this State and its
political subdivisions;
[(10)] (9) The lesser of:
(i) Amounts received by an individual who is
totally disabled, as an annuity, pension or endowment under a
private, municipal, State or federal retirement system, and
included in such individual's federal adjusted gross income, or
(ii) An amount equal to the maximum annual
benefit received in Maryland by persons who retired at the age of
65 or older under the Social Security Act for the prior calendar
year reduced by the amount of disability benefits received under
the Social Security Act, the Railroad Retirement Act, or both, as
the case may be. The Comptroller shall determine the amount of
the maximum benefit annually. For the purposes of this
paragraph, the Comptroller may allow the subtraction to the
nearest $100;
[(11)] (10) An amount equal to the total of political
and newsletter fund contributions made by a nonfiduciary
individual taxpayer in the taxable year, as determined,
calculated, and limited by the provisions of § 41 of the federal
Internal Revenue Code;
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