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Ch. 444 2005 LAWS OF MARYLAND
[(g)] (H) Except as provided in § 10-701.1 of this title, nothing in this section
limits or affects in any way the liability of an individual nonresident [shareholder.
partner, or] member OR A NONRESIDENT ENTITY MEMBER for the tax imposed on the
individual NONRESIDENT OR NONRESIDENT ENTITY under § 10-102 of this subtitle.
(I) THE TAX IMPOSED UNDER SUBSECTION (B) OF THIS SECTION DOES NOT
APPLY TO A PUBLICLY-TRADED PASS-THROUGH ENTITY THAT HAS AGREED TO FILE
WITH THE COMPTROLLER AN ANNUAL INFORMATION RETURN REPORTING THE
NAME. ADDRESS. TAXPAYER IDENTIFICATION NUMBER. AND OTHER INFORMATION
REQUESTED BY THE COMPTROLLER OF EACH NONRESIDENT OR NONRESIDENT
ENTITY MEMBER WHOSE DISTRIBUTIVE SHARE OR PRO-RATA SHARE OF THE
PASS-THROUGH ENTITY'S NONRESIDENT TAXABLE INCOME FOR THE TAXABLE YEAR
EXCEEDS $500.
10-204.
(a) To the extent excluded from federal adjusted gross income, the amounts
under this section are added to the federal adjusted gross income of a resident to
determine Maryland adjusted gross income.
(I) THE ADDITION UNDER SUBSECTION (A) OF THIS SECTION INCLUDES THE
AMOUNT DEDUCTED UNDER § 199 OF THE INTERNAL REVENUE CODE FOR THE
QUALIFIED PRODUCTION ACTIVITIES INCOME OF THE TAXPAYER FOR THE TAXABLE
YEAR.
10-21.0.1.
(b) In addition to the modifications under §§ 10-204 through 10-210 of this
subtitle, to determine Maryland adjusted gross income of an individual:
(3) an amount is added to or subtracted from federal adjusted gross
income to reflect the, determination of the maximum aggregate costs that the
taxpayer may treat as an expense under § 179 of the Internal Revenue Code for any
taxable year without regard to the changes made to that section by the Federal Jobs
and Growth Tax Relief Reconciliation Act of 2003 (P.L. 108-27) OR BY THE AMERICAN
JOBS CREATION ACT OF 2004 (PL. 108-357); and
10-305.
(a) To the extent excluded from federal taxable income, the amounts under
this section are added to the federal taxable income of a corporation to determine
Maryland modified income.
(d) The addition under subsection (a) of this section includes the additions
required for an individual under:
(1) § 10-204(b) of this title (Dividends and interest from another state or
local obligation):
(2) § 10-204(c)(2) of this title (Federal tax exempt income); [and]
(3) § 10-204(e) of this title (Oil percentage depletion allowance); AND
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