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03.04.11.00.htm 03.04.11.00. Title 03 COMPTROLLER OF THE TREASURY Subtitle 04 INCOME TAX Chapter 11 Arts and Entertainment Districts Authority: Tax-General Article, §2-103, Annotated Code of Maryland
03.04.11.01.htm 03.04.11.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Artist" means a qualifying residing artist as defined in Economic Development Article, §4-701(f) Annotated Code of Maryland.2) "Artistic work" has the meaning stated in Economic Development Article, §4-701(b) Annotated Code of Maryland.3) "District" means an arts and entertainment district as defined in Economic Development Article, §4-701(c) Annotated Code of Maryland.
03.04.11.02.htm 03.04.11.02. 02 Sales and Publication of Artistic Work.. A. To the extent included in federal adjusted gross income, the amount of income derived by an artist from the sale or publication of an artistic work within the district located in the county where the artist owns or rents residential real property and in which the artist conducts a business is allowed as a subtraction from federal adjusted gross income.B. Income that an artist earns from the sale or publication of artistic wor
03.04.11.03.htm 03.04.11.03. 03 Production and Performance of Artistic Work.. A. To the extent included in federal adjusted gross income, the amount of income derived by an artist from the production or performance of an artistic work within the district located in the county where the artist owns or rents residential real property and in which the artist conducts a business is allowed as a subtraction from federal adjusted gross income.B. Income that an artist earns from a musical performance, the performance
03.04.11.04.htm 03.04.11.04. 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
03.04.11.05.htm 03.04.11.05. 05 Procedures.. A. An individual claiming the subtraction shall complete Form 502AE and attach the form to the Maryland individual income tax return.B. Individuals claiming the subtraction shall maintain receipts, books, accounts, and any other documentation relating to the sale, publication, production, or performance of artistic work by an artist.
03.04.11.9999.htm 03.04.11.9999. Administrative History Effective date: November 10, 2003 (30:22 Md. R. 1577). Regulation .01B amended effective February 9, 2009 (36:3 Md. R. 207). Regulation .02A, D amended effective October 9, 2006 (33:20 Md. R. 1613). Regulation .02F amended effective February 9, 2009 (36:3 Md. R. 207). Regulation .03A―C amended effective October 9, 2006 (33:20 Md. R. 1613). Regulation .05A amended effective October 9, 2006 (33:20 Md. R. 1613).
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