WILLIAM DONALD SCHAEFER, Governor Ch. 178

(1)   [§ 10-206(b)] § 10-205(B) of this title
(Enterprise zone wage credit); and

(2)   [§ 10-206(c)] § 10-205(C) of this title
(Reforestation and timber stand modification).

10-307.

(a) To the extent included in federal taxable income, the

amounts under this section are subtracted from the federal

taxable income of a corporation to determine Maryland modified
income.

(g) The subtraction under subsection (a) of this section
includes the amounts allowed to be subtracted for an individual
under:

(1)   [§ 10-207(d) of this title (Conservation tillage
equipment expenses);

(2)  § 10-207(m)] § 10-207(F) of this title (Income
from Development Credit Corporation of Maryland);

[(3)] (2) [§ 10-207(r)] § 10-207(J) of this title
(Profits on sale or exchange of State or local bonds);

[(4) § 10-207(t) of this title (Reforestation or
timber stand expenses);

(5)] (3) [§ 10-207(u)] § 10-207(L) of this title
(Relocation and assistance payments); OR

[(6)] (4) [§ 10-207(w)] § 10-207(N) of this title
(State or local income tax refunds)[; or

(7) § 10-207(z) of this title (Wage expenses for
targeted jobs)].

10-308.

(A)   IN ADDITION TO THE MODIFICATION UNDER § 10-307 OF THIS
SUBTITLE, THE AMOUNTS UNDER THIS SECTION ARE SUBTRACTED FROM THE
FEDERAL TAXABLE INCOME OF A CORPORATION TO DETERMINE MARYLAND
MODIFIED INCOME.

(B)  THE SUBTRACTION UNDER SUBSECTION (A) OF THIS SECTION
INCLUDES THE AMOUNTS ALLOWED TO BE SUBTRACTED FOR AN INDIVIDUAL
UNDER:

(1) § 10-208(D) OF THIS TITLE (CONSERVATION TILLAGE
EQUIPMENT EXPENSES);

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