Section 10-306 - Additions to federal taxable income - State adjustments. - Maryland Statutes

§ 10-306. Additions to federal taxable income - State adjustments.
 

(a)  In general.- 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)  Miscellaneous additions.- 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)  Telecommunications companies.- The addition under subsection (a) of this section includes the amount of the credit allowed under § 10-708 of this title for property taxes paid on operating real property by a public utility that is a telecommunications company, determined without regard to the limitation under § 10-708(b) of this title. 

(d)  Electricity generating sites.- Repealed by Acts 2007, ch. 5, § 1, effective March 22, 2007. 

(e)  Multijurisdictional electric companies.- The addition under subsection (a) of this section includes the amount of the credit allowed under § 10-713 of this title for wages paid to employees at a qualified corporate headquarters of a public service company. 

(f)  Research and development expenses for cellulosic ethanol technology.- 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. 
 

[1988, ch. 1, § 1; 1989, ch. 110, § 1; ch. 178, § 2; 1992, ch. 118; 1995, ch. 492; 1997, ch. 112, §§ 1, 2; ch. 113, §§ 1, 2; chs. 629, 630; 1999, ch. 5, § 1; ch. 6, § 1; 2000, ch. 526; 2001, ch. 364; 2002, ch. 533, §§ 2, 3; 2006, ch. 394, §§ 2, 3; 2007, ch. 5; 2008, ch. 139.]