Section 10-306 - Additions to federal taxable income - State adjustments.
§ 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(d) Electricity generating sites.- Repealed by Acts 2007, ch. 5, § 1, effective March 22, 2007.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.]