Maryland § 10-305
Full text of Maryland Maryland Code § 10-305, with citation guidance and answers to common questions.
§ 10-305.
(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).
Frequently Asked Questions About Maryland § 10-305
What does Maryland Code § 10-305 cover?
Section 10-305 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-305?
A common citation format is "Maryland Code § 10-305" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.