Ch. 677                                          LAWS OF MARYLAND

consecutive months of the taxable year for which the property tax
credit under this section is sought.

(8)(i) "Gross income" means the total income from
all sources for the calendar year that immediately precedes the
taxable year, whether or not the income is included in the
definition of gross income for federal or State tax purposes.

(ii) "Gross income" includes:

1. any benefit under the Social Security
Act or the Railroad Retirement Act;

2. the aggregate of gifts over $300;

3. alimony;

4. support money;

5. any nontaxable strike benefit;

6. public assistance received in a cash
grant;

7. a pension;
8. an annuity;

9. any unemployment insurance benefit;

10. any workmen's compensation benefit;

11 . the net income received from a
business, rental, or other endeavor; and

12. any rent on the dwelling, INCLUDING
THE RENT FROM A ROOM OR APARTMENT.

(iii) "Gross income" does not include:

1. any income tax refund received from
the State or federal government; or

2. any loss from business, rental, or
other endeavor.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1988 and be applicable to taxable years
beginning after that date.

Approved May 27, 1988.

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