Allowing a subtraction modification under the Maryland income tax for certain expenses paid or incurred during the taxable year if the payment of the expense results in forgiveness of a certain loan and the income that results from the forgiveness is excluded from federal adjusted gross income in accordance with certain provisions of the federal CARES Act; and applying the Act to taxable years 2020 and 2021.
Bill File Type: Regular
Effective Date(s): July 1, 2021
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Last Updated: 4/1/2021 5:20 PM