WILLIAM DONALD SCHAEFER, Governor                         Ch. 256

[(2)] (3) The subtraction under this subsection may not exceed:

(i) if the [individual's] MARRIED COUPLE'S federal adjusted gross
income does not exceed [the applicable dollar amount determined for that individual
under § 10-105(d) of this title] $150,000, $1,200; or

(ii) if the [individual's] MARRIED COUPLE'S federal adjusted gross
income exceeds [the applicable dollar amount] $150,000, $1,000.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Tax - General

10-207.

(s) (1) IN THIS SUBSECTION, "MODIFIED MARYLAND ADJUSTED GROSS
INCOME" MEANS MARYLAND ADJUSTED GROSS INCOME DETERMINED SEPARATELY
FOR EACH SPOUSE ON A JOINT RETURN WITHOUT REGARD TO THE SUBTRACTION
ALLOWED UNDER THIS SUBSECTION.

(2) For a [two-earner] TWO-INCOME married couple filing a joint return,
the subtraction under subsection (a) of this section includes the lesser of:

[(1)](I) $1,200; or

[(2)] (II) the [salary, wages, and other compensation for personal services]
MODIFIED MARYLAND ADJUSTED GROSS INCOME of the spouse with the [lower
salary, wages, and other compensation for personal services] LESSER MODIFIED
MARYLAND ADJUSTED GROSS INCOME for the taxable year.

SECTION 3. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall
take effect when Section 4 of Chapter 2 of the Acts of the General Assembly of the First
Special Session of 1992 takes effect and shall be applicable to all taxable years to which
that section is applicable. When the termination provision specified in Section 9 of
Chapter 2 of the Acts of the General Assembly of the First Special Session of 1992 takes
effect, Section 1 of this Act shall be void. This Act may not be interpreted to have any
effect on that termination provision.

SECTION 4. AND BE IT FURTHER ENACTED, That, except as provided in
Section 3 of this Act, this Act shall take effect July 1, 1993 and shall be applicable to all
taxable years beginning after December 31, 1992.

Approved May 11, 1993.

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