WILLIAM DONALD SCHAEFER, Governor                       Ch. 2

(7) § 10-207(W) OF THIS TITLE [WAGE EXPENSES FOR
TARGETED JOBS].

REVISOR'S NOTE: Subsections (a) through (f) and (g)(1),
(4), and (7) of this section are new language derived
without substantive change from former Art. 81, §
280A(c)(l), (3) through (5), and (7) through (10).

Subsection (g)(2) of this section is new language
added as a reference to § 10-207(1) of this title,
since that provision states a subtraction allowed both
for individuals and corporations. This addition
obviates the need to repeat the subtraction allowance
in this section.

Subsection (g)(3) and (6) of this section is new
language substituted for former Art. 81, § 280A(c)(6)
and (2), respectively, which stated for corporations
subtractions that are identical to those allowed for
individuals under the referenced provisions of §
10-207 of this title.

Subsection (g)(5) of this section is new language that
repeats the provisions of the first sentence of
present RP § 12-211.

In subsection (a) of this section, the phrase "to
determine Maryland modified income" is added to state
expressly that which only was implied in the former
law -- i.e., the purpose of the subtraction.

Also in subsection (a) of this section, the term
"federal taxable income" is substituted for the former
term "federal income", for clarity. Similarly, the
word "federal" is added to modify the former reference
to "taxable income".

Also in subsection (a) of this section, the defined
term "corporation" is substituted for the former word
"taxpayer", for clarity.

In subsection (b) of this section, the reference to a
"domestic corporation claiming a federal tax credit as
dividends" is added for clarity.

In subsection (c) of this section, the former phrase
"to the extent that the dividends are included in
taxable income" is deleted as unnecessary in light of
the introductory language of this section.

In subsection (d)(1) of this section, the reference to
the "receiving corporation" is substituted for the
former word "taxpayer", for clarity. Therefore, in
subsection (d)(1) and (2) of this section, the word

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