COMAR 03.04.11.04 — § 4 Availability of Subtraction.

.04 Availability of Subtraction.
A.
Except as provided in
§B of this regulation
, the subtraction provided in Regulations .02 and .03 of this chapter is available only to individuals.
B.
The subtraction provided in Regulations .02 and .03 of this chapter is available to a single-member limited liability company, whose sole member is an individual, if the limited liability company is disregarded as an entity separate and apart from its member for federal income tax purposes and as such, the profit or loss of the limited liability company is reflected on the income tax return filed by the member of the limited liability company.