Ch. 5

LAWS OF MARYLAND

[(i)] 1. is included in computing federal
adjusted gross income; and

[(ii)] 2. is not attributable to Maryland

sources.

DRAFTER'S NOTE:

Error: Erroneous omission of part of former Art. 81,
§ 313(b) in § 10-207(q) of the Tax - General Article.

Occurred: Chs. 2 and 110, Acts of 1988.

10-402.

(a) In computing Maryland taxable income, a corporation
shall allocate [net] MARYLAND MODIFIED income derived from or
reasonably attributable to its trade or business in this State in
the following manner:

(1)  if a corporation carries on its trade or business
wholly within the State, the corporation shall allocate to the
State all of the [net] MARYLAND MODIFIED income of the
corporation; and

(2)  if a corporation carries on its trade or business
in and out of the State, the corporation shall allocate to the
State the part of the corporation's Maryland modified income that
is derived from or reasonably attributable to the part of its
trade or business carried on in the State, in the manner required
in subsection (b), (c), or (d) of this section.

DRAFTER'S NOTE:

Error: Nonconforming word usage in § 10-402(a) of the
Tax - General Article. The term "Maryland modified
income" is used consistently throughout the balance of
Title 10 of the Tax - General Article.

Occurred: Ch. 2, Acts of 1988.

10-702.

(a) (3) "Enterprise zone" means an area designated under
Article 83A, [§ 12-302] § 5-302 of the Code.

(5) "Economically disadvantaged individual" means an
individual who is certified by provisions that the Department of
Economic and Employment Development adopts as an individual who,
before becoming employed by a business entity in an enterprise
zone:

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