WILLIAM DONALD SCHAEFER, Governor Ch. 178

(2)  The subtraction under subsection (a) of this
section includes the amount allowed under paragraph (3) of this
subsection for the amortization of the amortizable basis of a
certified nondepreciable historic structure based on a period of
60 months.

(3)  (i) The allowable amortization deduction is the
sum of the amortization expenses for the several months of the
taxable year.

(ii) The amortization expense for a month is
the amortizable basis at the end of the month divided by the
number of months, including the month for which the deduction is
computed, remaining in the 60-month period.

(iii) The amortizable basis at the end of a
month is computed without regard to the amortization expense for
that month.

(4)  To take the amortization for a certified
nondepreciable historic structure, an individual shall file with
the Comptroller or the Comptroller's designee, in the manner and
at the time that the Comptroller or designee may require, by the
regulation of the Comptroller, a statement of election to:

(i) take the amortization deduction; and

(ii) begin the 60-month period with:

1.  the month after the month in which the
basis is acquired; or

2.  the taxable year after the year in
which the basis is acquired.]

[(m)] (F) The subtraction under subsection (a) of this
section includes income derived from any security, share of
capital stock, or evidence of indebtedness of the Development
Credit Corporation of Maryland.

[(n)] (G) The subtraction under subsection (a) of this
section includes income that:

(1)   is received by withdrawing money from a
retirement account known as a Keogh Plan and established under
Subchapter D of the Internal Revenue Code; and

(2)   is attributable to:

(i) money contributed by an individual before
1967 for which the individual was not allowed a deduction at the
time of contribution to the account; or

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