{"data":{"id":"us-md/md.-code-tax-general-10-305","jurisdiction":"us-md","citation":"Md. Code, Tax - General § 10–305","heading":"","body":"(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.\n(b) The addition under subsection (a) of this section includes the net capital loss carryback, as defined in § 1212 of the Internal Revenue Code.\n(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.\n(d) The addition under subsection (a) of this section includes the additions required for an individual under:\n(1) § 10–204(b) of this title (Dividends and interest from another state or local obligation);\n(2) § 10–204(c)(2) of this title (Federal tax–exempt income);\n(3) § 10–204(e) of this title (Oil percentage depletion allowance);\n(4) § 10–204(i) of this title (Deduction for qualified production activities income);\n(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\n(6) § 10–204(l) of this title (Deduction for donations to qualified permanent endowment funds).","path":["Article - Tax - General"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtg\u0026section=10-305","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:18Z","sha256":"893e576b68db4f02eae691572573aba3e1030a9dd11e166be262c4f041976448","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-general-10-304","next":"us-md/md.-code-tax-general-10-306"},"notice":"GroundRules: Original legal text. Not legal advice."}