Maryland HB903 modifies income tax to allow subtractions for food and monetary donations to qualified charitable entities.

Maryland HB903 modifies the state's income tax to allow taxpayers to subtract donations of food or monetary gifts to qualified charitable entities. These entities include food banks, homeless shelters, domestic violence shelters, religious organizations, and other charitable organizations registered with the Comptroller. The bill specifies that these donations can be subtracted from both federal taxable income and federal adjusted gross income. The subtraction is limited to $1,000 per taxpayer per taxable year.

Maryland HB903 modifies income tax to allow subtractions for food and monetary donations to qualified charitable entities.

Maryland HB903 modifies the state's income tax to allow taxpayers to subtract donations of food or monetary gifts to qualified charitable entities. These entities include food banks, homeless shelters, domestic violence shelters, religious organizations, and other charitable organizations registered with the Comptroller. The bill specifies that these donations can be subtracted from both federal taxable income and federal adjusted gross income. The subtraction is limited to $1,000 per taxpayer per taxable year.