2106

LAWS OF MARYLAND

Ch. 283

(2) [$5] $10.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.

Approved May 21, 1985.

CHAPTER 284

(House Bill 306)

AN ACT concerning

Income Tax - Pension Income Modification

FOR the purpose of clarifying for State income tax purposes the
basis for computing the maximum Social Security benefit used
in determining the pension income subtraction modification.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 280(c)

Annotated Code of Maryland

(1980 Replacement Volume and 1984 Supplement)

(As enacted by Chapter 436 of the Acts

of the General Assembly of 1984)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 81 - Revenue and Taxes

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)  To the extent included, 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;