Article - Tax - General
(a) In addition to the modification under § 10-307 of this subtitle, the amounts under this section are subtracted from the federal taxable income of a corporation to determine Maryland modified income.
(b) The subtraction under subsection (a) of this section includes the amounts allowed to be subtracted for an individual under:
(1) § 10–208(d) of this title (Enhanced agricultural management equipment expenses);
(2) § 10–208(i) of this title (Reforestation or timber stand expenses);
(3) § 10–208(k) of this title (Wage expenses for targeted jobs); and
(4) § 10–208(p) of this title (Elevator handrails in health care facilities).
(c) In the case of a regulated investment company, the subtraction under subsection (a) of this section includes an amount equal to the exempt-interest dividends paid by the company that are attributable to amounts received by the company that are included in the addition modification for dividends and interest from state or local obligations of another state under § 10-305(d)(1) of this subtitle.