Ch. 13

LAWS OF MARYLAND

(I) FOR ALL TAXABLE YEARS BEGINNING AFTER DECEMBER 31,
1986, A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE INCOME
TAX IMPOSED BY SUBSECTION (A) OF THIS SECTION IN AN AMOUNT EQUAL
TO 50 PERCENT OF THE EARNED INCOME TAX CREDIT TO WHICH THE
TAXPAYER IS ENTITLED UNDER THE PROVISIONS OF SECTION 32 OF THE
FEDERAL INTERNAL REVENUE CODE FOR THE SAME TAXABLE YEAR.

(J) (1) FOR EACH TAX CREDIT ALLOWED BY SUBSECTIONS (F),
(G), (H), AND (I) OF THIS SECTION, IF A RETURN IS FILED FOR A
PERIOD OF LESS THAN 1 YEAR, THE TOTAL AMOUNT ALLOWED AS CREDITS
AGAINST THE INCOME TAX IMPOSED BY SUBSECTION (A) OF THIS SECTION
SHALL BE APPORTIONED IN ACCORDANCE WITH THE NUMBER OF MONTHS
INCLUDED IN THE PERIOD FOR WHICH THE RETURN IS FILED.

(2) THE SUM OF THE TAX CREDITS ALLOWED TO ANY
TAXPAYER BY SUBSECTIONS (F), (G), (H), AND (I) OF THIS SECTION
FOR ANY YEAR MAY NOT EXCEED THE AMOUNT OF THE INCOME TAX IMPOSED
BY SUBSECTION (A) OF THIS SECTION FOR THE TAXPAYER IN THE YEAR
DETERMINED WITHOUT TAKING INTO ACCOUNT ANY TAX CREDIT THAT MAY BE
ALLOWED TO THE TAXPAYER UNDER SUBSECTION (E) OF THIS SECTION.

(3) A TAX CREDIT ALLOWED TO ANY TAXPAYER BY

SUBSECTIONS (F), (G), (H), AND (I) OF THIS SECTION MAY NOT BE
TAKEN INTO ACCOUNT IN DETERMINING SUCH TAXPAYER'S LIABILITY UNDER
SECTION 283 OF THIS SUBTITLE.

312.

(d) The amount of tax to be withheld for each individual
shall be based upon tables to be prepared and distributed by the

Comptroller. The tables shall be computed for the several

permissible withholding periods and shall take account of

exemptions allowed under this subtitle AND, COMMENCING ON JANUARY
1, 1988, THE CREDITS ALLOWED UNDER SECTION 288(F), (G), (H), AND
(I) OF THIS SUBTITLE; and the amounts computed for withholding
shall be such that the amount withheld for any individual during
his taxable year shall approximate in the aggregate as closely as
possible the tax which is levied and imposed under this subtitle
for that taxable year, upon his salary, wages or compensation for
personal services of any kind for the employer.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act applies
to all tax years that begin after December 31, 1986.

(F) FOR ALL TAXABLE YEARS BEGINNING AFTER DECEMBER 31,
1986, A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE INCOME TAX
IMPOSED BY SUBSECTION (A) OF THIS SECTION IN AN AMOUNT EQUAL TO
50 PERCENT OF THE EARNED INCOME TAX CREDIT TO WHICH THE TAXPAYER
IS ENTITLED UNDER THE PROVISIONS OF §32 OF THE FEDERAL INTERNAL
REVENUE CODE FOR THE SAME TAXABLE YEAR.

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