{"data":{"id":"us-md/md.-code-tax-general-10-104","jurisdiction":"us-md","citation":"Md. Code, Tax - General § 10–104","heading":"","body":"The income tax does not apply to the income of:\n(1) a common trust fund, as defined in § 3–501(b) of the Financial Institutions Article;\n(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;\n(3) a financial institution that is subject to the financial institution franchise tax;\n(4) a person subject to taxation under Title 6 of the Insurance Article;\n(5) except as provided in § 10–102.1 of this subtitle, a partnership, as defined in § 761 of the Internal Revenue Code;\n(6) except as provided in § 10–102.1 of this subtitle and § 10–304(3) of this title, an S corporation;\n(7) except as provided in § 10–304(4) of this title, an investment conduit or a special exempt entity; or\n(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.","path":["Article - Tax - General"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtg\u0026section=10-104","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:18Z","sha256":"d06082c361cc96ee0556e13f4898e539b93810469563e6e81b97b0ac095c95ce","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-general-10-103","next":"us-md/md.-code-tax-general-10-105"},"notice":"GroundRules: Original legal text. Not legal advice."}