Ch. 432

LAWS OF MARYLAND

(1)  the cumulative or total annunity, pension, or
endowment income from an employee retirement system included in
federal adjusted gross income; or

(2)  the maximum annual benefit under the Social
Security Act computed under subsection (b) of this section, less
any payment received as old age, survivors, or disability
benefits under the Social Security Act, the Railroad Retirement
Act, or both.

(b) Determination of maximum annual benefit under Social
Security Act.

For purposes of subsection (a)(2) of this section, the
Comptroller:

(1)  shall determine the maximum annual benefit under
the Social Security Act allowed for an individual who retired at
age 65 for the prior calendar year; and

(2)  may allow the subtraction to the nearest $100.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect January 1, 1989 and shall be applicable to all
taxable years beginning after December 31, 1987.

Approved May 17, 1988.

CHAPTER 432

(House Bill 568)

AN ACT concerning

Registration of Retail Service Station Dealers

FOR the purpose of extending the conditional moratorium on the
registration of retail service station dealers whose service
stations are structurally modified, altered, or enlarged.

BY repealing and reenacting, with amendments,

Article 56 - Licenses

Section 157F(a)

Annotated Code of Maryland

(1983 Replacement Volume and 1987 Supplement)

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