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Session Laws, 1935
Volume 579, Page 290   View pdf image (33K)
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290

LAWS OF MARYLAND

 

[CH. 92

 

Gasoline Tax Department in the State Comp-

1936

1937

 

troller's Office, the amounts named being- an

   
 

estimate only, it being the intention that this

   
 

appropriation shall be 20 per cent of the ac-

   
 

tual revenue derived from this tax, less the

   
 

above deduction, and it being further the

   
 

intention that should the proceeds of this tax

   
 

exceed the respective amounts herein set

   
 

forth, then such excess shall not revert to the

   
 

general funds of the State but shall be set

   
 

over to the use of Baltimore City to be allo-

   
 

cated by subsequent legislative action in like

   
 

manner as the sums hereby requested— ..............

159,436.65

172,897.20

3.

To Counties and Cities of the State, one-

   
 

half of the estimated receipts of the corpor-

   
 

ation franchise taxes, it being the intent that

   
 

one-half of the actual receipts from franchise

   
 

taxes on ordinary business corporations be

   
 

distributed to Baltimore City and the Coun-

   
 

ties and incorporated towns in accordance

   
 

with the distribution provided for by the fran-

   
 

chise tax laws, whether the same be more or

   
 

less than this estimate.............................................

180,000.00

180,000.00

4.

To Maryland State College of Agriculture, in-

   
 

terest on investment, it being the intent that

   
 

the actual receipts from interest on invest-

   
 

ments held by the State for the benefit of the

   
 

University of Maryland shall be disbursed........

4,500.00

4,500.00

5.

To State Examining Boards, for expenses in

   
 

conducting examination of applicants'..................

30,000.00

30,000.00

6.

To Military Department, for expenses of

   
 

State-owned Armories ..........................................

5,000.00

5,000.00

 

Motor Vehicle Revenue transferred to Annu-

   
 

ity Bond Account ..................................................

*2,355,165.00

**2,193,002.50

* From this amount is to be deducted $290.075. representing the difference be-
tween the yield of the direct tax of $5,390,000. and the requirement for debt service of
$5,680,075.; therefore the net amount applicable to General Funds is $2,065,090.

** From this amount is to be deducted $119,390. representing the difference be-
tween the yield of the direct tax of $5,390,000. and the requirement for debt service
of $5,509,390.; therefore the net amount applicable to General Funds is $2,073,612.

 

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Session Laws, 1935
Volume 579, Page 290   View pdf image (33K)
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