HARRY HUGHES, Governor                                      869

including deposits and other sources of funds of the
international banking facility.

[(vi)] (6) To the extent not deductible in
determining federal taxable income, the adjusted eligible net
earnings of an international banking facility shall be allowed as
a deduction from net earnings. If the adjusted eligible net
earnings of an international banking facility is a loss, the
amount of the loss shall be added to net earnings.

[(vii)] (7) The adjusted eligible net earnings
is determined by subtracting from eligible net earnings the
ineligible funding amount.

280.

(c) There shall be subtracted from federal adjusted gross
income:

(11) (i) Except as otherwise provided in this
paragraph, amounts representing unreimbursed automobile travel
expenses incurred by an individual while serving as a volunteer:

1.  To a nonprofit volunteer fire company,
or any organization, the principal purpose or functions of which
are the providing of medical, health, or nutritional care, and
all of which constitute qualified organizations under Section 170
of the Internal Revenue Code; or

2.  To provide assistance, other than
assistance which consists of providing transportation, to
handicapped individuals, as defined in Section 190 of the
Internal Revenue Code, who are enrolled as students in the State
community colleges.

(ii) The amount of the subtraction shall be
based upon the standard mileage rate provided in § 162 of the
Internal Revenue Code and reduced by the amount of unreimbursed
automobile travel expenses claimed on the individual's federal
tax return as an itemized deduction, as to the same
organizations, under § 170 of the Internal Revenue Code; [and]

(12)  For the taxable years 1982, 1983, and 1984 only,
an amount in each year respectively not to exceed 1/3 of the
total amount of subsistence allowance received by any member of
the Maryland State Police force for the taxable years 1974
through 1977 and included in Maryland taxable income; provided
that, for purposes of computing the total subsistence allowance,
no amount received in excess of $1,600 for any 1 year shall be
taken into account; [and]

(13)  Expenses incurred for reforestation or timber
stand improvement activity as determined under the provisions of
§§ 280C and 280D of this subtitle[.]; AND