(a) In general.- Only an individual who itemizes deductions on the individual's federal income tax return may elect to itemize deductions on the individual's income tax return.
(b) Limitations.- An individual who elects to itemize deductions is allowed as a deduction the sum of the individual's federal itemized deductions:
(1) limited and reduced as required under the Internal Revenue Code;
(2) further reduced by any amount deducted under § 170 of the Internal Revenue Code for contributions of a preservation or conservation easement for which a credit is claimed under § 10-723 of this title; and
(3) further reduced by the amount claimed as taxes on income paid to a state or political subdivision of a state, after subtracting a pro rata portion of the reduction to itemized deductions required under § 68 of the Internal Revenue Code.
(a) In general.- Only an individual who itemizes deductions on the individual's federal income tax return may elect to itemize deductions on the individual's income tax return.
(b) Limitations.- An individual who elects to itemize deductions is allowed as a deduction the sum of the individual's federal itemized deductions:
(1) limited and reduced as required under the Internal Revenue Code;
(2) further reduced by any amount deducted under § 170 of the Internal Revenue Code for contributions of a preservation or conservation easement for which a credit is claimed under § 10-723 of this title; and
(3) further reduced by the amount claimed as taxes on income paid to a state or political subdivision of a state, after subtracting a pro rata portion of the reduction to itemized deductions required under § 68 of the Internal Revenue Code.
(a) In general.- Only an individual who itemizes deductions on the individual's federal income tax return may elect to itemize deductions on the individual's income tax return.
(b) Limitations.- An individual who elects to itemize deductions is allowed as a deduction the sum of the individual's federal itemized deductions:
(1) limited and reduced as required under the Internal Revenue Code;
(2) further reduced by any amount deducted under § 170 of the Internal Revenue Code for contributions of a preservation or conservation easement for which a credit is claimed under § 10-723 of this title; and
(3) further reduced by the amount claimed as taxes on income paid to a state or political subdivision of a state, after subtracting a pro rata portion of the reduction to itemized deductions required under § 68 of the Internal Revenue Code.
