Ch. 522

LAWS OF MARYLAND

BY adding to

Article 81 - Revenue and Taxes

Section 280(c)(20)

Annotated Code of Maryland

(1980 Replacement Volume and 1986 Supplement)

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:

(19)  Expenses incurred for the purchase and
installation of conservation tillage equipment as determined
under § 280E[.]; AND

(20)  UPON THE ELECTION OF THE TAXPAYER, THE HISTORIC
STRUCTURES PRESERVATION EXPENSE AS DETERMINED UNDER § 281A OF
THIS SUBTITLE.

281A.

(a)  As used in this section, the following words have the
meanings indicated.

(b)   "Certified nondepreciable historic structure" means a
building or structure which is not of a character subject to the
depreciation allowance provided in § 167 or § 168 of the internal
Revenue Code and which, but for not being of such character,
would be a "certified historic structure" as:

(1) Listed in the National Register of Historic
Places; or

(2) Located in a registered historic district and
certified as being of historic significance by:

(i) The United States Secretary of the
Interior; or

(ii) The Maryland Historical Trust.

(c)   "Certified rehabilitation" means any rehabilitation of
a certified nondepreciable historic structure which is consistent
with the historic character of that property or district as
determined in accordance with regulations promulgated by the
Comptroller.

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