Ch. 2

LAWS OF MARYLAND

Former Art. 81, § 279(1), which distinguished between
"foreign" and "domestic" corporations, is deleted as
unnecessary, since, unless expressly provided
otherwise in this title, all provisions apply to any
corporation without regard to jurisdiction of
incorporation or organization.

Former Art. 81, § 279(m), which defined "commercial
domicile", is deleted as surplusage.

10-102. IMPOSITION OF TAX.

EXCEPT AS PROVIDED IN § 10-104 OF THIS SUBTITLE, A TAX IS
IMPOSED ON THE MARYLAND TAXABLE INCOME OF EACH INDIVIDUAL AND OF
EACH CORPORATION.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first sentence of
former Art. 81, § 288(a) and, except as they related
to the tax rate, (b) and the first sentence of (c).

The introductory clause of this section, "[e]xcept as
provided in § 10-104 this subtitle", is added for
clarity.

The defined term "Maryland taxable income" is
substituted for the former references to "the taxable
net income, as defined in § 280(a)", "the taxable net
income, taxable in this State", "the net income", and
"the net income ... of such portion ' thereof as is
allocable to this State under the provisions of § 316
hereof", for clarity and brevity.

The defined term "individual" is substituted for the
former references to a "resident ... of this State"
and to an individual who is "not a resident of this
State", to clarify that any individual who has
"Maryland taxable income" is taxed.

The former reference to a tax "for each calendar year"
is deleted as surplusage.

The former references to the tax as being "levied" are
deleted as unnecessary in light of the use of the word
"imposed".

The former references to the "December 31, 1966" and
"1968" effective dates are deleted as obsolete.

The former references to "the tax imposed elsewhere in
this subtitle upon the net income of every corporation
(domestic or foreign)" and to the tax "by this
subsection" being subject to the same, imposition and
collection provisions and "to the same laws,
regulations and provisions as those imposed elsewhere

- 292 -