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WILLIAM DONALD SCHAEFER, Governor Ch. 717
[287.
A nonresident individual shall be taxable in this State on
that portion of his federal adjusted gross income as is derived
from tangible property, real or personal, permanently located in
this State (whether received directly or from a fiduciary) and
income from business, trade, profession or occupation carried on
in this State, and income from State lottery prizes shall be
taxable in this State; provided, however, that income derived
from intangible personal property held by a resident or by a
domestic corporation as fiduciary, guardian, committee or trustee
for an incompetent, or as agent for a nonresident principal
(unless such property is used in connection with the trade,
business, profession or occupation of such principal) shall not
be taxable in this State. The proper apportionment of income
derived in connection with trade, business, profession or
occupation carried on within and without the State shall be
determined under the rules and regulations of the Comptroller.
Such nonresident individual shall complete a schedule reconciling
income attributable to Maryland sources to the federal adjusted
gross income and deductions shown on his federal income tax
return. ]
280.
(c) There shall be subtracted from federal adjusted gross
income:
(20) (I) INCOME OF A NONRESIDENT INDIVIDUAL OTHER
THAN:
1. INCOME DERIVED FROM REAL PROPERTY OR
TANGIBLE PERSONAL PROPERTY LOCATED IN THE STATE, WHETHER THE
INCOME IS RECEIVED DIRECTLY OR FROM A FIDUCIARY;
2. INCOME DERIVED FROM A BUSINESS,
OCCUPATION, PROFESSION, OR TRADE THAT IS WHOLLY CARRIED ON IN THE
STATE;
3. THE PART OF INCOME ALLOCABLE TO THIS
STATE UNDER § 287 OF THIS SUBTITLE, DERIVED FROM A BUSINESS,
OCCUPATION, PROFESSION, OR TRADE THAT IS CARRIED ON BOTH WITHIN
AND WITHOUT THE STATE; AND
4. INCOME FROM MARYLAND STATE LOTTERY
PRIZES AND OTHER GAMBLING WINNINGS DERIVED IN THE STATE; AND
(II) REDUCED BY ANY LOSS OR ADJUSTMENT TO
INCOME THAT:
1. IS INCLUDED IN CALCULATING FEDERAL
ADJUSTED GROSS INCOME; AND
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