reglab/housing_qa huggingface dataset:
MD. Tax - General Code Ann. §  10-211 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part III - Exemptions|Section 10-211 - Individuals Other Than Fiduciaries

    (a)    Subject to the provisions of this section, an individual may deduct an exemption for:        (1)    the taxpayer;        (2)    the spouse of the taxpayer if:            (i)    a joint return is not made by the taxpayer and the spouse; and            (ii)    the spouse, for the calendar year in which the taxable year of the taxpayer begins, has no gross income and is not a dependent of another taxpayer; and        (3)    each individual who is a dependent, as defined in § 152 of the Internal Revenue Code, of the taxpayer for the taxable year.    (b)    Except as provided in subsection (c) of this section, whether or not a federal return is filed, to determine Maryland taxable income, an individual other than a fiduciary may deduct as an exemption:        (1)    $3,200 for each exemption that the individual may deduct under subsection (a) of this section;        (2)    an additional $3,200 for each dependent, as defined in § 152 of the Internal Revenue Code, who is at least 65 years old on the last day of the taxable year;        (3)    an additional $1,000 if the individual, on the last day of the taxable year, is at least 65 years old; and        (4)    an additional $1,000 if the individual, on the last day of the taxable year, is a blind individual, as described in § 10–208(c) of this subtitle.    (c)    (1)    If an individual other than one described in paragraph (2) of this subsection has federal adjusted gross income for the taxable year greater than $100,000, the amount allowed for each exemption under subsection (b)(1) or (2) of this section is limited to:            (i)    $1,600 if federal adjusted gross income for the taxable year does not exceed $125,000;            (ii)    $800 if federal adjusted gross income for the taxable year is greater than $125,000 but not greater than $150,000; and            (iii)    $0 if federal adjusted gross income for the taxable year is greater than $150,000.        (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 (b)(1) or (2) of this section is limited to:            (i)    $1,600 if federal adjusted gross income for the taxable year does not exceed $175,000;            (ii)    $800 if federal adjusted gross income for the taxable year is greater than $175,000 but not greater than $200,000; and            (iii)    $0 if federal adjusted gross income for the taxable year is greater than $200,000.
MD. Tax - General Code Ann. §  10-212 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part III - Exemptions|Section 10-212 - Fiduciaries

    (a)    To determine Maryland taxable income, a fiduciary other than a personal representative may deduct $200 as an exemption.    (b)    To determine Maryland taxable income, a personal representative may deduct $600 as an exemption.
MD. Tax - General Code Ann. §  10-213 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part III - Exemptions|Section 10-213 - Honorable Louis L. Goldstein Volunteer Police, Fire, Rescue, and Emergency Medical Services Personnel Subtraction Modification Program

    The subtraction modifications for volunteer police, fire, rescue, and emergency medical services personnel under § 10-208(i-1) and (l) of this subtitle shall be known as the Honorable Louis L. Goldstein Volunteer Police, Fire, Rescue, and Emergency Medical Services Personnel Subtraction Modification Program.
MD. Tax - General Code Ann. §  10-217 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part IV - Deductions and Tax Preference Items|Section 10-217 - Standard Deduction

    (a)    (1)    (i)    Except as otherwise provided in this subsection, an individual may elect to use the standard deduction to compute Maryland taxable income whether or not the individual itemizes deductions on the individual’s federal income tax return in determining federal taxable income.            (ii)    If an individual elects to use the standard deduction on the federal income tax return, the individual may not take any itemized deduction in § 10–218 of this subtitle.        (2)    A fiduciary may not use the standard deduction.    (b)    Subject to the limitation in subsection (c) of this section, the standard deduction for an individual is an amount equal to 15% of the individual’s Maryland adjusted gross income.    (c)    (1)    For an individual other than one described in paragraphs (2) and (3) of this subsection, the standard deduction:            (i)    may not be less than $1,500; and            (ii)    may not exceed $2,250.        (2)    For an individual described in § 2 of the Internal Revenue Code as a head of household or as a surviving spouse, the standard deduction:            (i)    may not be less than $3,000; and            (ii)    may not exceed $4,500.        (3)    For spouses on a joint return, the standard deduction:            (i)    may not be less than $3,000; and            (ii)    may not exceed $4,500.    (d)    (1)    For each taxable year beginning after December 31, 2018, each minimum and maximum standard deduction limitation amount specified in subsection (c) of this section shall be increased by an amount equal to the product of multiplying the minimum and maximum standard deduction limitation amount by the cost–of–living adjustment specified in this subsection.        (2)    For purposes of this subsection, the cost–of–living adjustment is the cost–of–living adjustment within the meaning of § 1(f)(3) of the Internal Revenue Code for the calendar year in which a taxable year begins, as determined by the Comptroller, by substituting “calendar year 2017” for “calendar year 2016” in § 1(f)(3)(A) of the Internal Revenue Code.        (3)    If any increase determined under paragraph (1) of this subsection is not a multiple of $50, the increase shall be rounded down to the next lowest multiple of $50.
MD. Tax - General Code Ann. §  10-218 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part IV - Deductions and Tax Preference Items|Section 10-218 - Itemized Deductions -- in General

    (a)    Only an individual who itemizes deductions on the individual’s federal income tax return may elect to itemize deductions on the individual’s income tax return.    (b)    An individual who elects to itemize deductions is allowed as a deduction the sum of the individual’s federal itemized deductions:        (1)    limited and reduced as required under the Internal Revenue Code;        (2)    further reduced by any amount deducted under § 170 of the Internal Revenue Code for contributions of a preservation or conservation easement for which a credit is claimed under § 10-723 of this title; and        (3)    further reduced by the amount claimed as taxes on income paid to a state or political subdivision of a state, after subtracting a pro rata portion of the reduction to itemized deductions required under § 68 of the Internal Revenue Code.
MD. Tax - General Code Ann. §  10-219 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part IV - Deductions and Tax Preference Items|Section 10-219 - Itemized Deductions -- Limitation for Nonresident

    (a)    A nonresident may claim and shall include only the part attributable to Maryland, as determined under this section, of:        (1)    the subtractions from federal adjusted gross income under § 10-208 of this subtitle;        (2)    the deduction for exemptions under § 10-211 or § 10-212 of this subtitle; and        (3)    (i)    the standard deduction under § 10-217 of this subtitle; or            (ii)    itemized deductions under § 10-218 of this subtitle.    (b)    Unless the Comptroller requires or allows another method to compute the items listed in subsection (a) of this section, a nonresident shall prorate the items using a fraction:        (1)    the numerator of which is the Maryland adjusted gross income of the nonresident; and        (2)    the denominator of which is the federal adjusted gross income of the nonresident.
MD. Tax - General Code Ann. §  10-220 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part IV - Deductions and Tax Preference Items|Section 10-220 - Itemized Deductions -- Limitation for Part-Year Resident

    (a)    An individual who is a resident of the State for only a part of the taxable year may claim and shall include only the part attributable to Maryland, as determined under this section, of:        (1)    the additions to federal adjusted gross income under § 10-204 of this subtitle;        (2)    the subtractions from federal adjusted gross income under §§ 10-207 through 10-209 of this subtitle;        (3)    the deduction for exemptions under § 10-211 or § 10-212 of this subtitle; and        (4)    (i)    the standard deduction under § 10-217 of this subtitle; or            (ii)    itemized deductions under § 10-218 of this subtitle.    (b)    Unless the Comptroller requires or allows another method to compute the items listed in subsection (a) of this section, an individual who is a resident for only a part of the taxable year shall prorate the items using a fraction:        (1)    the numerator of which is the number of months in which the individual was a resident; and        (2)    the denominator of which is 12.    (c)    An individual who is a resident for a period of more than 15 days in a month is deemed to be a resident for the full month.
MD. Tax - General Code Ann. §  10-222 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part IV - Deductions and Tax Preference Items|Section 10-222 - Tax Preference Items

    (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 excluding:            (i)    the oil percentage depletion allowance claimed under § 613 or § 613A of the Internal Revenue Code; and            (ii)    interest described in § 57(a)(5) of the Internal Revenue Code, if the interest is attributable to obligations of:                1.    the State of Maryland;                2.    a political subdivision or authority of the State; or                3.    any other entity authorized under Maryland law to issue obligations the interest on which is excluded from gross income under § 103 of the Internal Revenue Code.    (b)    Each shareholder of an S corporation shall report the shareholder’s pro rata share of the tax preference items of the corporation.    (c)    (1)    A nonresident shall include as tax preference items only those items that are based on income taxable in the State.        (2)    If the tax preference items are based on income derived both in and out of the State, the nonresident shall include only a fraction:            (i)    the numerator of which is the dollar amount of the tax preference items based on income taxable in the State; and            (ii)    the denominator of which is the total dollar amount of the tax preference items.
MD. Tax - General Code Ann. §  10-223 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 2 - Maryland Taxable Income Calculations for Individual|Part IV - Deductions and Tax Preference Items|Section 10-223 - Collection and Compilation of Data Regarding Elements of Tax and Impact

    (a)    Beginning with individual tax returns for the 1986 tax year, and for all subsequent tax years, the Comptroller shall collect and compile information from income tax returns regarding the various elements of the State income tax and, for the State and for each county and the City of Baltimore, the impact of those various elements on various classes of Maryland taxpayers and on revenues.    (b)    The data base shall be comprehensive and shall include the following:        (1)    component items of federal adjusted gross income, including loss items and preference income;        (2)    components of itemized deductions;        (3)    components of Maryland addition and subtraction modifications; and        (4)    the number of taxpayers reporting each of the elements contained in items (1), (2), and (3) of this subsection.    (c)    On or before January 1 of the second year after returns are received for a tax year, the Comptroller shall submit to the Governor and, subject to § 2-1257 of the State Government Article, the President of the Senate and the Speaker of the House of Delegates a report providing the information compiled for that tax year.
MD. Tax - General Code Ann. §  10-301 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 3 - Maryland Taxable Income Calculations for Corporation|Part I - Maryland Taxable Income for Corporation|Section 10-301 - In General

    The Maryland taxable income of a corporation is its Maryland modified income as allocated to the State under Subtitle 4 of this title.
MD. Tax - General Code Ann. §  10-304 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 3 - Maryland Taxable Income Calculations for Corporation|Part II - Maryland Modified Income|Section 10-304 - In General

    Except as provided in Subtitle 4 of this title, the Maryland modified income of a corporation, including a real estate investment trust or regulated investment company, is:         (1)    the corporation’s federal taxable income for the taxable year as determined under the Internal Revenue Code and as adjusted under this Part II of this subtitle;        (2)    if the corporation is exempt from taxation under § 501 of the Internal Revenue Code, the sum for the taxable year of the corporation’s unrelated business taxable income, as defined under § 512 of the Internal Revenue Code, and its income that is subject to tax under § 527(f)(1) of the Internal Revenue Code, as adjusted under this Part II of this subtitle;        (3)    if the corporation is an S corporation, its income that is subject to federal income tax, for the taxable year, as adjusted under this Part II of this subtitle; or        (4)    if the corporation is an investment conduit or a special exempt entity, the applicable tax base of the corporation as adjusted under this Part II of this subtitle.
MD. Tax - General Code Ann. §  10-305 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 3 - Maryland Taxable Income Calculations for Corporation|Part II - Maryland Modified Income|Section 10-305 - Additions to Federal Taxable Income -- Addbacks of Federal Adjustments

    (a)    To the extent excluded from federal taxable income, the amounts under this section are added to the federal taxable income of a corporation to determine Maryland modified income.    (b)    The addition under subsection (a) of this section includes the net capital loss carryback, as defined in § 1212 of the Internal Revenue Code.    (c)    The addition under subsection (a) of this section includes any taxes based on net income that are imposed by any state or by a political subdivision of any state.    (d)    The addition under subsection (a) of this section includes the additions required for an individual under:        (1)    § 10–204(b) of this title (Dividends and interest from another state or local obligation);        (2)    § 10–204(c)(2) of this title (Federal tax–exempt income);        (3)    § 10–204(e) of this title (Oil percentage depletion allowance);        (4)    § 10–204(i) of this title (Deduction for qualified production activities income);        (5)    § 10–204(j) of this title (Deduction for costs for security clearance administrative expenses and construction and equipment costs incurred to construct or renovate a sensitive compartmented information facility); and        (6)    § 10–204(l) of this title (Deduction for donations to qualified permanent endowment funds).
MD. Tax - General Code Ann. §  10-306 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 3 - Maryland Taxable Income Calculations for Corporation|Part II - Maryland Modified Income|Section 10-306 - Additions to Federal Taxable Income -- State Adjustments

    (a)    In addition to the modification under § 10–305 of this subtitle, the amounts under this section are added to the federal taxable income of a corporation to determine Maryland modified income.    (b)    The addition under subsection (a) of this section includes the additions required for an individual under:        (1)    § 10–205(b) of this title (Enterprise zone wage credit, employment opportunity credit, disability credit, and qualified ex–felon employee credit);        (2)    § 10–205(c) of this title (Reforestation and timber stand modification);        (3)    § 10–205(e) of this title (Net operating loss modification);        (4)    § 10–205(g) of this title (Unlicensed child care facility operating expenses); and        (5)    § 10–205(i) of this title (Maryland research and development tax credit).    (c)    Repealed.    (d)    Repealed.    (e)    Repealed.    (f)    The addition under subsection (a) of this section includes the amount of a credit claimed under § 10–726 of this title for research and development expenses for cellulosic ethanol technology.
MD. Tax - General Code Ann. §  10-306.2 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 3 - Maryland Taxable Income Calculations for Corporation|Part II - Maryland Modified Income|Section 10-306.2 - Captive Real Estate Investment Trusts

    (a)    In this section:        (1)    “captive REIT” means a corporation, trust, or association:            (i)    that is considered a real estate investment trust for the taxable year under § 856 of the Internal Revenue Code;            (ii)    that is not regularly traded on an established securities market; and            (iii)    more than 50% of the voting power or value of the beneficial interests or shares of which, at any time during the last half of the taxable year, is owned or controlled, directly or indirectly, by a single entity that is subject to the provisions of Subchapter C of Chapter 1 of the Internal Revenue Code; and        (2)    “captive REIT” does not include:            (i)    a corporation, trust, or association more than 50% of the voting power or value of the beneficial interests or shares of which, at any time during which the corporation, trust, or association satisfies item (1)(iii) of this subsection, is owned or controlled, directly or indirectly, by:                1.    a real estate investment trust other than a real estate investment trust described in item (1) of this subsection;                2.    a person exempt from taxation under § 501 of the Internal Revenue Code; or                3.    a listed Australian property trust; or            (ii)    subject to regulations that the Comptroller adopts, a real estate investment trust that is intended to become regularly traded on an established securities market and that satisfies the requirements of § 856(a)(5) and (6) of the Internal Revenue Code by reason of § 856(h)(2) of the Internal Revenue Code.    (b)    In addition to the modifications under §§ 10–305 through 10–306.1 of this subtitle, an amount equal to the amount of the dividends paid deduction allowed under the Internal Revenue Code for the taxable year is added to federal taxable income to determine the Maryland modified income of a captive REIT.    (c)    For purposes of this section, the constructive ownership rules prescribed under § 318(a) of the Internal Revenue Code, as modified by § 856(d)(5) of the Internal Revenue Code, shall apply in determining the ownership of stock, assets, or net profits of any person.
MD. Tax - General Code Ann. §  10-307 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 3 - Maryland Taxable Income Calculations for Corporation|Part II - Maryland Modified Income|Section 10-307 - Subtractions From Federal Taxable Income

    (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.    (b)    The subtraction under subsection (a) of this section includes the amount included in the income of a domestic corporation claiming a foreign tax credit as dividends under § 78 of the Internal Revenue Code.    (c)    The subtraction under subsection (a) of this section includes the percentage of the dividends received from an affiliated domestic international sales corporation equal to the percentage that would be excluded if the corporation did not qualify under § 992(a) of the Internal Revenue Code.    (d)    The subtraction under subsection (a) of this section includes dividends received from a corporation if:        (1)    the receiving corporation owns, directly or indirectly, 50% or more of the paying corporation’s outstanding shares of capital stock; and        (2)    the paying corporation is organized under the laws of a foreign government.    (e)    Repealed.    (f)    The subtraction under subsection (a) of this section includes interest attributable to an obligation of the United States or an instrumentality of the United States.    (g)    The subtraction under subsection (a) of this section includes the amounts allowed to be subtracted for an individual under:        (1)    § 10–207(i) of this title (Profits on sale or exchange of State or local bonds);        (2)    § 10–207(k) of this title (Relocation and assistance payments);        (3)    § 10–207(m) of this title (State or local income tax refunds);        (4)    § 10–207(c–1) of this title (State tax–exempt interest from mutual funds); or        (5)    § 10–207(hh) of this title (Gain on the transfer of property within the Laurel Park site or Pimlico site or Bowie Race Course Training Center property and income realized as result of governmental expenditures).
MD. Tax - General Code Ann. §  10-308 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 3 - Maryland Taxable Income Calculations for Corporation|Part II - Maryland Modified Income|Section 10-308 - Additional Subtractions

    (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 (Enhanced agricultural management equipment expenses);        (2)    § 10–208(i) of this title (Reforestation or timber stand expenses);        (3)    § 10–208(k) of this title (Wage expenses for targeted jobs); and        (4)    § 10–208(p) of this title (Elevator handrails in health care facilities).    (c)    In the case of a regulated investment company, the subtraction under subsection (a) of this section includes an amount equal to the exempt-interest dividends paid by the company that are attributable to amounts received by the company that are included in the addition modification for dividends and interest from state or local obligations of another state under § 10-305(d)(1) of this subtitle.