Ch. 3

2007 Laws of Maryland

(v) $2,400 for a taxable year beginning after December 31,
2001];

(3)        an additional {$1,000} $2,000 if the individual, on the last day of
the taxable year, is at least 65 years old; and

(4)        an additional {$1,000} $2,000 if the individual, on the last day of
the taxable year, is a blind individual, as described in § 10-208(c) of this subtitle.

(B) (1) IF AN INDIVIDUAL OTHER THAN ONE DESCRIBED IN
SUBSECTION (C) OF THIS SECTION HAS FEDERAL ADJUSTED GROSS INCOME FOR
THE TAXABLE YEAR GREATER THAN $100.000. THE AMOUNT ALLOWED FOR EACH
EXEMPTION UNDER SUBSECTION (A)(1) OR (2) OF THIS SECTION IS LIMITED TO:

(I) $2.400 IF FEDERAL ADJUSTED GROSS INCOME FOR THE
TAXABLE YEAR DOES NOT EXCEED $125,000:

(II)      $1.800 IF FEDERAL ADJUSTED GROSS INCOME FOR THE
TAXABLE YEAR IS GREATER THAN $125,000 BUT NOT GREATER THAN $150.000:

(III)     $1.200 IF FEDERAL ADJUSTED GROSS INCOME FOR THE
TAXABLE YEAR IS GREATER THAN $150.000 BUT NOT GREATER THAN $200,000:
AND

(IV) $600 IF FEDERAL ADJUSTED GROSS INCOME FOR THE
TAXABLE YEAR IS GREATER THAN $200.000.

(2) IF A MARRIED COUPLE FILING A JOINT RETURN OR AN
INDIVIDUAL DESCRIBED IN § 2 OF THE INTERNAL REVENUE CODE AS A HEAD OF
HOUSEHOLD OR AS A SURVIVING SPOUSE HAS FEDERAL ADJUSTED GROSS
INCOME FOR THE TAXABLE YEAR GREATER THAN $150.000. THE AMOUNT
ALLOWED FOR EACH EXEMPTION UNDER SUBSECTION (A)(1) OR (2) OF THIS
SECTION IS LIMITED TO:

(I) $2,400 IF FEDERAL ADJUSTED GROSS INCOME FOR THE
TAXABLE YEAR DOES NOT EXCEED $175,000:

(II)      $1.800 IF FEDERAL ADJUSTED GROSS INCOME FOR THE
TAXABLE YEAR IS GREATER THAN $175,000 BUT NOT GREATER THAN $200,000:

(III)    $1.200 IF FEDERAL ADJUSTED GROSS INCOME FOR THE
TAXABLE YEAR IS GREATER THAN $200.000 BUT NOT GREATER THAN $250.000:
AND

- 58 -