WILLIAM DONALD SCHAEFER, Governor                      Ch. 13

(G) 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 THE AMOUNT OF $10
FOR EACH EXEMPTION ALLOWED THE TAXPAYER UNDER § 286(A) OF THIS
SUBTITLE.

(H) (G) (1) FOR THE TAX CREDIT ALLOWED BY SUBSECTIONS (F)
AND (G) SUBSECTION (F) 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 THE TAX CREDIT ALLOWED
TO ANY TAXPAYER UNDER SUBSECTIONS (F) AND (G) SUBSECTION (F) 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) (I) ANY LOCAL INCOME TAX IMPOSED UNDER § 283 OF
THIS SUBTITLE SHALL BE BASED ON THE TAXPAYER'S LIABILITY FOR THE
TAX IMPOSED UNDER SUBSECTION (A) OF THIS SECTION CALCULATED AFTER
SUBTRACTION OF THE CREDIT ALLOWED BY SUBSECTION (F) OF THIS
SECTION.

(II) ANY LOCAL INCOME TAX IMPOSED UNDER § 283
OF THIS SUBTITLE SHALL BE BASED ON THE TAXPAYER'S LIABILITY FOR
THE TAX IMPOSED UNDER SUBSECTION (A) OF THIS SECTION CALCULATED
BEFORE SUBTRACTION OF THE CREDIT ALLOWED BY SUBSECTION (G) OF
THIS SECTION.

323.

(a) [Commencing with July 1, 1977, and thereafter, the]
THE Comptroller shall certify the amount of the State income tax
liability, FOR THE TAX IMPOSED UNDER § 288(A) OF THIS SUBTITLE
CALCULATED BEFORE SUBTRACTION OF THE CREDIT ALLOWED BY § 288(G)

OF THIS SUBTITLE, of the residents of each incorporated

municipality (including any special taxing district which

received income tax revenues during fiscal year 1977) and shall
pay from the tax collected in accordance with § 283(a) and as
provided by the § 283(c) of this article to such incorporated
municipality or special taxing district an amount equivalent to
8.5 percent of the State income tax liability, FOR THE TAX
IMPOSED UNDER § 288(A) OF THIS SUBTITLE CALCULATED BEFORE
SUBTRACTION OF THE CREDIT ALLOWED BY § 288(G) OF THIS SUBTITLE,
of the residents of such incorporated municipality or special
taxing district, except that the same shall not be certified nor
paid by the Comptroller to any incorporated municipality or
special taxing district which has not levied, or if the same
shall not be levied for it, in its current fiscal year, taxes

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