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Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Gen. § 10-104

§ 10-104

Official textmgaleg.maryland.gov

The income tax does not apply to the income of:

# (1)

a common trust fund, as defined in § 3–501(b) of the Financial Institutions Article;

# (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;

# (3)

a financial institution that is subject to the financial institution franchise tax;

# (4)

a person subject to taxation under Title 6 of the Insurance Article;

# (5)

except as provided in § 10–102.1 of this subtitle, a partnership, as defined in § 761 of the Internal Revenue Code;

# (6)

except as provided in § 10–102.1 of this subtitle and § 10–304(3) of this title, an S corporation;

# (7)

except as provided in § 10–304(4) of this title, an investment conduit or a special exempt entity; or

# (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.

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In this article (40 sections)
  1. gtg-9-322 · § 9-322
  2. gtg-9-323 · § 9-323
  3. gtg-9-324 · § 9-324
  4. gtg-9-325 · § 9-325
  5. gtg-9-326 · § 9-326
  6. gtg-9-327 · § 9-327
  7. gtg-9-328 · § 9-328
  8. gtg-9-329 · § 9-329
  9. gtg-9-330 · § 9-330
  10. gtg-9-331 · § 9-331
  11. gtg-9-332 · § 9-332
  12. gtg-9-333 · § 9-333
  13. gtg-9-334 · § 9-334
  14. gtg-9-335 · § 9-335
  15. gtg-9-336 · § 9-336
  16. gtg-9-337 · § 9-337
  17. gtg-10-101 · § 10-101
  18. gtg-10-102.1 · § 10-102.1
  19. gtg-10-102 · § 10-102
  20. gtg-10-103 · § 10-103
  21. gtg-10-104 · § 10-104
  22. gtg-10-105 · § 10-105
  23. gtg-10-106.1 · § 10-106.1
  24. gtg-10-106 · § 10-106
  25. gtg-10-107 · § 10-107
  26. gtg-10-108 · § 10-108
  27. gtg-10-109 · § 10-109
  28. gtg-10-201 · § 10-201
  29. gtg-10-203 · § 10-203
  30. gtg-10-204 · § 10-204
  31. gtg-10-205 · § 10-205
  32. gtg-10-206 · § 10-206
  33. gtg-10-207 · § 10-207
  34. gtg-10-208 · § 10-208
  35. gtg-10-209 · § 10-209
  36. gtg-10-210.1 · § 10-210.1
  37. gtg-10-210 · § 10-210
  38. gtg-10-211 · § 10-211
  39. gtg-10-212 · § 10-212
  40. gtg-10-213 · § 10-213
Full table of contents →