reglab/housing_qa huggingface dataset:
MD. Tax - General Code Ann. §  10-103 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-103 - County Income Tax

    (a)    Each county shall have a county income tax on the Maryland taxable income of:        (1)    each resident, other than a fiduciary, who on the last day of the taxable year:            (i)    is domiciled in the county; or            (ii)    maintains a principal residence or a place of abode in the county;        (2)    each personal representative of an estate if the decedent was domiciled in the county on the date of the decedent’s death;        (3)    each resident fiduciary of:            (i)    a trust that is principally administered in the county; or            (ii)    a trust that is otherwise principally connected to the county and is not principally administered in the State; and        (4)    except as provided in § 10-806(c) of this title, a nonresident who derives income from salary, wages, or other compensation for personal services for employment in the county.    (b)    Except for the county income tax, a county, municipal corporation, special taxing district, or other political subdivision may not impose a general local income, earnings, or payroll tax, a general occupational license tax, or a general license or permit tax based on income, earnings, or gross receipts.
MD. Tax - General Code Ann. §  10-104 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-104 - Exemptions

    The income tax does not apply to the income of:        (1)    a common trust fund, as defined in § 3–501(b) of the Financial Institutions Article;        (2)    except as provided in §§ 10–101(e)(3) of this subtitle and 10–304(2) of this title, an organization that is exempt from taxation under § 408(e)(1) or § 501 of the Internal Revenue Code;        (3)    a financial institution that is subject to the financial institution franchise tax;        (4)    a person subject to taxation under Title 6 of the Insurance Article;        (5)    except as provided in § 10–102.1 of this subtitle, a partnership, as defined in § 761 of the Internal Revenue Code;        (6)    except as provided in § 10–102.1 of this subtitle and § 10–304(3) of this title, an S corporation;        (7)    except as provided in § 10–304(4) of this title, an investment conduit or a special exempt entity; or        (8)    except as provided in § 10–102.1 of this subtitle, a limited liability company as defined under Title 4A of the Corporations and Associations Article to the extent that the company is taxable as a partnership, as defined in § 761 of the Internal Revenue Code.
MD. Tax - General Code Ann. §  10-105 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-105 - State Income Tax Rates

    (a)    (1)    For an individual other than an individual described in paragraph (2) of this subsection, the State income tax rate is:            (i)    2% of Maryland taxable income of $1 through $1,000;            (ii)    3% of Maryland taxable income of $1,001 through $2,000;            (iii)    4% of Maryland taxable income of $2,001 through $3,000;            (iv)    4.75% of Maryland taxable income of $3,001 through $100,000;            (v)    5% of Maryland taxable income of $100,001 through $125,000;            (vi)    5.25% of Maryland taxable income of $125,001 through $150,000;            (vii)    5.5% of Maryland taxable income of $150,001 through $250,000; and            (viii)    5.75% of Maryland taxable income in excess of $250,000.        (2)    For spouses filing a joint return or for a surviving spouse or head of household as defined in § 2 of the Internal Revenue Code, the State income tax rate is:            (i)    2% of Maryland taxable income of $1 through $1,000;            (ii)    3% of Maryland taxable income of $1,001 through $2,000;            (iii)    4% of Maryland taxable income of $2,001 through $3,000;            (iv)    4.75% of Maryland taxable income of $3,001 through $150,000;            (v)    5% of Maryland taxable income of $150,001 through $175,000;            (vi)    5.25% of Maryland taxable income of $175,001 through $225,000;            (vii)    5.5% of Maryland taxable income of $225,001 through $300,000; and            (viii)    5.75% of Maryland taxable income in excess of $300,000.    (b)    The State income tax rate for a corporation is 8.25% of Maryland taxable income.    (c)    For a married couple filing a joint income tax return, the rates specified in subsection (a) of this section apply to the joint Maryland taxable income of the married couple.    (d)    For a nonresident:        (1)    the rates specified in subsection (a) of this section apply to the nonresident’s Maryland taxable income, calculated without regard to the subtractions under § 10–210(b), (e), and (f) of this title; and        (2)    the State income tax imposed equals the result obtained under item (1) of this subsection multiplied times a fraction:            (i)    the numerator of which is the nonresident’s Maryland taxable income, calculated with the subtractions under § 10–210(b), (e), and (f) of this title; and            (ii)    the denominator of which is the nonresident’s Maryland taxable income, calculated without regard to the subtractions under § 10–210(b), (e), and (f) of this title.
MD. Tax - General Code Ann. §  10-106 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-106 - County Income Tax Rate

    (a)    (1)    Each county shall set, by ordinance or resolution, a county income tax equal to at least 1% but not more than the percentage of an individual’s Maryland taxable income as follows:            (i)    3.05% for a taxable year beginning after December 31, 1998 but before January 1, 2001;            (ii)    3.10% for a taxable year beginning after December 31, 2000 but before January 1, 2002; and            (iii)    3.20% for a taxable year beginning after December 31, 2001.        (2)    A county income tax rate continues until the county changes the rate by ordinance or resolution.        (3)    (i)    A county may not increase its county income tax rate above 2.6% until after the county has held a public hearing on the proposed act, ordinance, or resolution to increase the rate.            (ii)    The county shall publish at least once each week for 2 successive weeks in a newspaper of general circulation in the county:                1.    notice of the public hearing; and                2.    a fair summary of the proposed act, ordinance, or resolution to increase the county income tax rate above 2.6%.        (4)    Notwithstanding paragraph (1) or (2) of this subsection, in Howard County, the county income tax rate may be changed only by ordinance and not by resolution.    (b)    If a county changes its county income tax rate, the county shall:        (1)    increase or decrease the rate in increments of one one-hundredth of a percentage point, effective on January 1 of the year that the county designates; and        (2)    give the Comptroller notice of the rate change and the effective date of the rate change on or before July 1 prior to its effective date.
MD. Tax - General Code Ann. §  10-106.1 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-106.1 - Individuals Subject to State Tax but Not County Tax

    (a)    An individual subject to the State income tax under § 10-105(a) of this subtitle, but not subject to the county income tax under § 10-106 of this subtitle, shall be subject to the tax imposed under this section.    (b)    The rate of the tax imposed under this section shall be equal to the lowest county income tax rate set by any Maryland county in accordance with § 10-106 of this subtitle.    (c)    The tax imposed under this section shall be distributed by the Comptroller in accordance with § 2-609 of this article.
MD. Tax - General Code Ann. §  10-107 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-107 - Application of Federal Income Tax Law

    To the extent practicable, the Comptroller shall apply the administrative and judicial interpretations of the federal income tax law to the administration of the income tax laws of this State.
MD. Tax - General Code Ann. §  10-108 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-108 - Effect of Amendment of Internal Revenue Code; Report by Comptroller

    (a)    Except as provided in subsection (c) of this section and unless expressly provided otherwise by law, an amendment of the Internal Revenue Code that, for a taxable year that begins in the calendar year in which the amendment is enacted, affects the determination of federal adjusted gross income or federal taxable income, does not affect the determination of Maryland taxable income under this title for any taxable year that begins in the calendar year in which the amendment is enacted.    (b)    Within 60 days after an amendment of the Internal Revenue Code is enacted, the Comptroller shall prepare and 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 a report that outlines:        (1)    the changes in the Internal Revenue Code; and        (2)    the impact of those changes on State revenue and on various classes and types of taxpayers.    (c)    Subsection (a) of this section does not apply to an amendment of the Internal Revenue Code if the Comptroller determines that the impact of the amendment on State income tax revenue for the fiscal year that begins during the calendar year in which the amendment is enacted will be less than $5,000,000.
MD. Tax - General Code Ann. §  10-109 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 1 - Definitions; General Provisions|Section 10-109 - Authorization to Distribute, Apportion, or Allocate Certain Tax Attributes Between and Among Organizations

    (a)    The Comptroller may distribute, apportion, or allocate gross income, deductions, credits, or allowances between and among two or more organizations, trades, or businesses, whether or not incorporated, whether or not organized in the United States, and whether or not affiliated, if:        (1)    the organizations, trades, or businesses are owned or controlled directly or indirectly by the same interests within the meaning of § 482 of the Internal Revenue Code; and        (2)    the Comptroller determines that the distribution, apportionment, or allocation is necessary in order to reflect an arm’s length standard within the meaning of § 1.482-1 of the Regulations of the Internal Revenue Service of the U.S. Treasury and to reflect clearly the income of those organizations, trades, or businesses.    (b)    The Comptroller shall apply the administrative and judicial interpretations of § 482 of the Internal Revenue Code in administering this section.
MD. Tax - General Code Ann. §  10-401 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 4 - Special Treatment of Income|Section 10-401 - Allocation of Income -- for Nonresident

    In computing the adjustments under §§ 10-206 and 10-210 of this title, a nonresident shall allocate to the State income, losses, or adjustments derived in connection with a business that is carried on both in and out of the State and of which the nonresident is a partner, shareholder of an S corporation, or proprietor, or in connection with an occupation, profession, or trade carried on both in and out of the State by:         (1)    separate accounting, if the Comptroller allows; or        (2)    the method that the Comptroller requires to determine fairly the part of the income derived from or reasonably attributable to the trade, business, profession, or occupation carried on in the State.
MD. Tax - General Code Ann. §  10-403 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 4 - Special Treatment of Income|Section 10-403 - Allocation of Interest Received by Financial Institution From Subsidiary

    (a)    (1)    In this section the following words have the meanings indicated.        (2)    (i)    “Financial institution” means:                1.    a credit company;                2.    except as provided in subparagraph (ii)1 of this paragraph, a finance company;                3.    an international banking facility;                4.    a loan company;                5.    a mortgage company;                6.    a safe-deposit company; and                7.    a savings and loan association.            (ii)    “Financial institution” does not include:                1.    a finance company that makes loans only to farmers for agricultural purposes;                2.    a company licensed under the federal Small Business Investment Act of 1958;                3.    a corporation that elects to be taxed as a small business corporation under Subchapter S of the Internal Revenue Code;                4.    an entity that is a real estate mortgage investment conduit as defined in the Internal Revenue Code;                5.    a limited liability company; or                6.    a commercial bank, savings bank, trust company, or company that substantially competes with national banks in the State.        (3)    “Financial institution holding company” means a financial institution whose only activities are:            (i)    the maintenance and management of intangible investments; and            (ii)    the collection and distribution of income from intangible investments.    (b)    Notwithstanding § 10-402 of this subtitle, interest received by a financial institution holding company from one of its subsidiary corporations that is a financial institution shall be allocated to this State only to the extent that the interest is derived from the trade or business of the subsidiary corporation within this State.
MD. Tax - General Code Ann. §  10-501 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 5 - Accounting Period|Section 10-501 - In General

    A person who files a federal income tax return shall compute Maryland taxable income for the same annual accounting period and by the same accounting method that is used to compute the income reported on the federal return.
MD. Tax - General Code Ann. §  10-502 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 5 - Accounting Period|Section 10-502 - When Federal Return Not Filed

    (a)    If a person does not file a federal income tax return, the person shall compute Maryland taxable income in accordance with the cash or accrual accounting method that:        (1)    the person uses to compute income regularly in keeping the person’s books; or        (2)    the Comptroller requires to reflect clearly the person’s income.    (b)    If a person does not file a federal income tax return, the person shall compute Maryland taxable income:        (1)    for the calendar year; or        (2)    if the person keeps adequate records for an annual fiscal year accounting period, for the fiscal year.
MD. Tax - General Code Ann. §  10-503 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 5 - Accounting Period|Section 10-503 - When Individual Dies

    The taxable year of an individual terminates on the date of death.
MD. Tax - General Code Ann. §  10-504 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 5 - Accounting Period|Section 10-504 - Changing Accounting Period

    (a)    A person may change the accounting period used to compute Maryland taxable income to any other period that the Comptroller approves.    (b)    If a person changes accounting periods, the person shall file a separate return for the period between the close of the previous accounting period and the beginning of the newly adopted accounting period.
MD. Tax - General Code Ann. §  10-601 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 6 - Tax Computation|Section 10-601 - Computation of State Income Tax -- in General

    Except as provided in § 10–105(d) of this title and except as otherwise provided in this subtitle, a person shall compute the State income tax by applying the tax rates in § 10–105 of this title to Maryland taxable income.
MD. Tax - General Code Ann. §  10-602 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 6 - Tax Computation|Section 10-602 - Computation of State Income Tax -- From Income Tax Tables

    An individual shall compute the tax for a taxable year from the tax tables if the individual has Maryland taxable income equal to or less than the maximum amount provided for in the tax tables.
MD. Tax - General Code Ann. §  10-603 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 6 - Tax Computation|Section 10-603 - Computation of State Income Tax -- in Year of Rate Change

    Unless an act that changes the State income tax rate provides otherwise, if the rate changes on a date other than the 1st day of the taxable year of a person, the person shall compute State income tax using the tax rate that applies to each part of the year.
MD. Tax - General Code Ann. §  10-604 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 6 - Tax Computation|Section 10-604 - Computation of County Income Tax

    Except as otherwise provided in this subtitle, an individual shall compute the county income tax by applying the county tax rate in § 10-106 of this title to Maryland taxable income.
MD. Tax - General Code Ann. §  10-701 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 7 - Income Tax Credits|Section 10-701 - Income Tax Withholdings and Estimated Tax Payments Made

    An individual may claim a credit against the income tax for a taxable year for income tax withheld and estimated tax payments made for the year under Subtitle 9 of this title.
MD. Tax - General Code Ann. §  10-701.1 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 7 - Income Tax Credits|Section 10-701.1 - For Tax Paid Under 10-102.1 of This Title

    An individual or a corporation may claim a credit against the State income tax for a taxable year in the amount of tax paid by a pass–through entity under § 10–102.1 of this title that is attributable to the individual’s or corporation’s share of the pass–through entity’s taxable income, as defined in § 10–102.1(a)(8) of this title.
MD. Tax - General Code Ann. §  10-703 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 7 - Income Tax Credits|Section 10-703 - For Tax Paid by Resident to Another State

    (a)    In this section, “member” and “pass–through entity” have the meanings stated in § 10–102.1 of this title.    (b)    Except as provided in subsection (c) of this section, a resident may claim a credit against the income tax for a taxable year in the amount determined under subsection (d) of this section for State tax on income paid to another state for the year.    (c)    A credit under subsection (b) of this section is not allowed to:        (1)    a resident other than a fiduciary, if the laws of the other state allow the resident a credit for State income tax paid to this State;        (2)    a resident fiduciary, if the fiduciary claims, and the other state allows, a credit for State income tax paid to this State;        (3)    a resident for less than the full taxable year for tax on income that is paid to another state during residency in that state; or        (4)    a nonresident.    (d)    (1)    Except as provided in paragraph (2) of this subsection and subject to subsection (e) of this section, the credit allowed a resident under subsection (b) of this section is the lesser of:            (i)    the amount of allowable tax on income that the resident paid to another state; or            (ii)    an amount that does not reduce the income tax to an amount less than would be payable if the income subjected to tax in the other state were disregarded.        (2)    If the credit allowed a resident under subsection (b) of this section is based on tax that a pass–through entity pays to another state, the credit allowable to a member of the pass–through entity:            (i)    may not exceed that member’s pro rata share of the tax; and            (ii)    will be allowed for another state’s income taxes or taxes based on income.    (e)    (1)    The amount of the credit allowed under subsection (b) of this section to be applied against the State income tax is equal to the amount that would be calculated under subsection (d) of this section using the State income tax rate as the only applicable rate.        (2)    The amount of the credit allowed under subsection (b) of this section to be applied against the county income tax is equal to the amount calculated under subsection (d) of this section less the amount calculated under paragraph (1) of this subsection.
MD. Tax - General Code Ann. §  10-703.2 (2021)
2021 Maryland Statutes|Tax - General|Title 10 - Income Tax|Subtitle 7 - Income Tax Credits|Section 10-703.2 - Gains From Installment Sale of Property in Another State

    (a)    In this section, “installment sale” has the meaning stated in § 453(b) of the Internal Revenue Code.    (b)    A credit against the State income tax in the amount determined under subsection (c) of this section may be claimed by a resident who recognizes income for the current taxable year for federal income tax purposes from an installment sale of property located in a state other than Maryland if:        (1)    the disposition of the property occurred in an earlier taxable year; and        (2)    the taxpayer paid state tax on income for the earlier taxable year to the state where the property was located on the income that for federal income tax purposes is recognized in the current taxable year.    (c)    The amount of the credit allowed under this section is equal to the income recognized for federal income tax purposes for the current year on which state income tax was paid to another state in an earlier year, as described in subsection (b)(2) of this section, multiplied by the lesser of:        (1)    the rate of tax imposed by the other state on the income described in subsection (b)(2) of this section; or        (2)    the maximum rate of Maryland State income tax.