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Session Laws, 1950
Volume 587, Page 193   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR

193

Acct.



No.



the aggregate amount appropriated by this Budget



to the use of the Department of Motor Vehicles and



Appropriation to the Traffic Courts ................

2,924,424.00


Total Motor Vehicle Revenue and Gasoline Tax to



Baltimore City ...............................


$9,800,896,00

5. To the Comptroller of the Treasury: For share of



Income Taxes paid by resident individuals, dis-



tributed to political subdivisions, under the Income



Tax Law, Section 258, Article 81 of the Annotated



Code (1947 Supplement), from taxes collected under



this sub-title, the Comptroller shall pay over and



distribute the following: To the Mayor and City



Council of Baltimore an amount equal to 1 1/2% of



all investment income and .625% of all other income



subject to tax under this sub-title of the individual



residents of said City; to the County Commissioners



of each County, an amount equal to 1 1/2% of all in-



vestment income and .625% of all other income sub-



ject to tax under this sub-title, of the individual



residents of the respective Counties. Provided,



however, that where the income from taxes is that of



a resident of an incorporated city, town or village of



any County, the amount to be so paid over and dis-



tributed by the Comptroller hereunder, attributable



to such taxpayer, shall be equally divided between



and paid over to the said incorporated city, town or



village, and said County, in equal shares. For the



purposes of this section, the special taxing areas in



Montgomery County corresponding to incorporated



towns or villages shall be treated as incorporated



towns ............................................


$5,874,500.00

Every individual resident of Maryland making an



income tax return under this sub-title shall be re-



quired to state on the tax return form furnished by



the Comptroller the name of the County and the



name of the incorporated city, town or village in



which he resides.



The remainder of the taxes collected shall be paid



into the general treasury of the State and distributed



therefrom in the manner and for the purposes set



forth in the Budget.


....

7





 
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Session Laws, 1950
Volume 587, Page 193   View pdf image (33K)
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