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290
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LAWS OF MARYLAND
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[CH. 92
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Gasoline Tax Department in the State Comp-
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1936
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1937
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troller's Office, the amounts named being- an
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estimate only, it being the intention that this
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appropriation shall be 20 per cent of the ac-
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tual revenue derived from this tax, less the
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above deduction, and it being further the
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intention that should the proceeds of this tax
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exceed the respective amounts herein set
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forth, then such excess shall not revert to the
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general funds of the State but shall be set
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over to the use of Baltimore City to be allo-
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cated by subsequent legislative action in like
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manner as the sums hereby requested— ..............
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159,436.65
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172,897.20
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3.
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To Counties and Cities of the State, one-
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half of the estimated receipts of the corpor-
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ation franchise taxes, it being the intent that
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one-half of the actual receipts from franchise
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taxes on ordinary business corporations be
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distributed to Baltimore City and the Coun-
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ties and incorporated towns in accordance
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with the distribution provided for by the fran-
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chise tax laws, whether the same be more or
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less than this estimate.............................................
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180,000.00
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180,000.00
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4.
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To Maryland State College of Agriculture, in-
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terest on investment, it being the intent that
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the actual receipts from interest on invest-
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ments held by the State for the benefit of the
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University of Maryland shall be disbursed........
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4,500.00
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4,500.00
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5.
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To State Examining Boards, for expenses in
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conducting examination of applicants'..................
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30,000.00
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30,000.00
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6.
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To Military Department, for expenses of
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State-owned Armories ..........................................
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5,000.00
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5,000.00
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Motor Vehicle Revenue transferred to Annu-
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ity Bond Account ..................................................
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*2,355,165.00
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**2,193,002.50
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* 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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