WILLIAM DONALD SCHAEFER, Governor Ch. 178

(1)  INCOME DERIVED FROM REAL OR TANGIBLE PERSONAL
PROPERTY LOCATED IN THE STATE, WHETHER THE INCOME IS DERIVED
DIRECTLY OR FROM A FIDUCIARY;

(2)  INCOME DERIVED FROM:

(I)  A BUSINESS THAT IS WHOLLY CARRIED ON IN THE
STATE AND IN WHICH THE INDIVIDUAL IS A PARTNER, SHAREHOLDER OF AN
S CORPORATION, OR PROPRIETOR; OR

(II)  AN OCCUPATION, PROFESSION, OR TRADE THAT
IS WHOLLY CARRIED ON IN THE STATE;

(3)  THE PART, ALLOCABLE TO THE STATE UNDER § 10-401
OF THIS TITLE, OF INCOME DERIVED FROM:

(I)  A BUSINESS THAT IS CARRIED ON BOTH IN AND
OUT OF THE STATE AND OF WHICH THE INDIVIDUAL IS A PARTNER,
SHAREHOLDER OF AN S CORPORATION, OR PROPRIETOR; OR

(II)  AN OCCUPATION, PROFESSION, OR TRADE THAT
IS CARRIED ON BOTH IN AND OUT OF THE STATE; AND

(4)  INCOME FROM MARYLAND STATE LOTTERY PRIZES AND
OTHER GAMBLING WINNINGS DERIVED IN THE STATE.

(C)  TO THE EXTENT NOT OTHERWISE INCLUDED UNDER SUBSECTION
(B) OF THIS SECTION, THE SUBTRACTION UNDER SUBSECTION (A) OF THIS
SECTION INCLUDES THE AMOUNTS ALLOWED TO BE SUBTRACTED FOR
RESIDENTS UNDER § 10-207 OF THIS SUBTITLE.

(D)  THE SUBTRACTION UNDER SUBSECTION (A) OF THIS SECTION
INCLUDES THE AMOUNTS ALLOWED TO BE SUBTRACTED FOR RESIDENTS UNDER
§ 10-208 OF THIS SUBTITLE.

10-222.

(a) In this section, "tax preference items" mean the items
that:

(1)  total more than $10,000 for an individual return
or $20,000 for a joint return;

(2)  are defined under § 57 of the Internal Revenue
Code;

(3)  are modified and apportioned under § 59 of the
Internal Revenue Code; and

(4)  are further modified by:

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