ROBERT L. EHRLICH, JR., Governor                             Ch. 557

THAT TAXABLE YEAR, CALCULATED BEFORE THE APPLICATION OF THE CREDIT
ALLOWED UNDER THIS SECTION AND THE CREDITS ALLOWED UNDER §§ 10-701 AND
10-701.1 OF THIS SUBTITLE BUT AFTER APPLICATION OF ANY OTHER CREDITS
ALLOWED UNDER THIS SUBTITLE.

(II) THE UNUSED AMOUNT OF THE CREDIT FOR ANY TAXABLE YEAR
MAY NOT BE CARRIED OVER TO ANY OTHER TAXABLE YEAR.

(D) THE COMPTROLLER SHALL BY REGULATION PROVIDE FOR THE
APPLICATION OF THE CREDIT UNDER THIS SECTION IN THE CASE OF A PAYEE THAT
IS AN S CORPORATION, PARTNERSHIP, LIMITED LIABILITY COMPANY, OR OTHER
ENTITY TREATED AS A PARTNERSHIP FOR TAX PURPOSES.

10-804.

(e) Each person required under this subtitle to file an income tax return or
estimated income tax declaration or return shall:

(3) attach to an income tax return or otherwise file with the Comptroller
any records or statements that the Comptroller requires, including:

(i) for an individual who has income tax withhold from salary,
wages, or other compensation for personal services, or other payments, a copy of the
statement from the person who withholds the tax that states:

1. the amount of salary, wages, or other compensation for
personal services paid and the income tax withheld; or

2. the amount of payments made and the income tax
withhold; [and]

(ii) a copy of the federal income tax return:

1. for a corporation; and

2. if the Comptroller requests, for an individual; AND

(III) IF THE COMPTROLLER REQUESTS, FOR A CORPORATION THAT
IS A MEMBER OF AN AFFILIATED CROUP OR CONTROLLED CROUP UNDER § 1504 OR §
1563 OF THE INTERNAL REVENUE CODE, A STATEMENT OF ALL INTERMEMBER COSTS
OR EXPENSES AND ALL INTERMEMBER SALES, EXCHANGES, OR OTHER
TRANSACTIONS INVOLVING TANGIBLE OR INTANGIBLE PROPERTY FOR THE TAXABLE
YEAR.

SECTION 2. AND BE IT FURTHER ENACTED, That:

(a) all corporations required to make the addition to federal taxable income set
forth in § 10-306.1 of the Tax—General Article shall make estimated tax payments

under § 10-821 of the Tax—General Article that reflect any increased Maryland

corporation income tax liability resulting from the addition; and

(b) notwithstanding the provisions of §§ 13-602 and 13-702 of the Tax—
General Article, with respect to those corporations required to make the addition to

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