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Session Laws, 1955
Volume 620, Page 449   View pdf image (33K)
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THEODORE R. McKELDIN, GOVERNOR                    449

MONTHS IN THE TAXPAYER'S FISCAL YEAR OR PERIOD
WHICH faLL IN THE CALENDAR YEAR 1955 BEARS TO THE
WHOLE NUMBER OF MONTHS OF SUCH FISCAL YEAR OR
PERIOD. THIS SUB-SECTION SHALL BE INAPPLICABLE FOR
THE CALCULATION OF ANY TAX ON ANY RETURN FILED
WHICH COVERS A FISCAL YEAR OR PERIOD ENDING
AFTER DECEMBER 31, 1955.

SEC. 7, 8. AND BE IT FURTHER ENACTED, THAT IN THE
DISTRIBUTION OF INCOME TAX MONIES TO THE SEVERAL
POLITICAL SUBDIVISIONS OF THIS STATE, PURSUANT TO
THE PROVISIONS OF SECTION 319 OF ARTICLE 81 OF THE
ANNOTATED CODE OF MARYLAND (1954 EDITION), AS
AMENDED, FOR INCOME TAXES PAID TO THE COMPTROL-
LER DURING THE FISCAL YEAR ENDING ON JUNE 30, 1956,
THE TOTAL TO BE DISTRIBUTED SHALL NOT BE IN EX-
CESS OF $10,150,000.00, AND ANY EXCESS SUM WHICH
WOULD HAVE BEEN DISTRIBUTED TO THE SEVERAL
POLITICAL SUB-DIVISIONS PURSUANT TO THE PROVISIONS
OF SAID SECTION 319, SHALL BE TRANSFERRED BY THE
COMPTROLLER INTO THE GENERAL FUNDS OF THE STATE
FOR THE FISCAL YEAR ENDING JUNE 30, 1956. IF THE
TOTAL AMOUNT TO BE DISTRIBUTED TO THE SEVERAL
POLITICAL SUB-DIVISIONS DURING THE FISCAL YEAR
ENDING JUNE 30, 1956, IS NOT IN EXCESS OF THE SUM OF
$10,150,000.00, THE DISTRIBUTION SHALL BE MADE PUR-
SUANT TO THE FORMULA CONTAINED IN SAID SECTION
319. IF THE TOTAL AMOUNT TO BE DISTRIBUTED DURING
THE FISCAL YEAR ENDING JUNE 30, 1956, IS IN EXCESS
OF THE SUM OF $10,150,000.00, EACH ELIGIBLE SUB-DIVI-
SION SHALL RECEIVE A PROPORTION OF THE SUM OF
$10,150,000.00 WHICH IS EQUAL TO THE PROPORTION OF
THE TOTAL INCOME TAX DISTRIBUTION RECEIVED BY IT
FOR INCOME TAXES PAID TO THE COMPTROLLER DURING
THE FISCAL YEAR ENDING JUNE 30, 1955.

SEC 9. AND BE IT FURTHER ENACTED, THAT IN ADDI-
TION TO AND NOT IN SUBSTITUTION OF THE PROVISIONS
CONTAINED HEREINABOVE IN SECTION 8 CONCERNING
DISTRIBUTION OF INCOME TAX MONIES TO THE SEVERAL
POLITICAL SUB-DIVISIONS OF THIS STATE, THERE MAY
BE AN ADDITIONAL AND SUPPLEMENTAL DISTRIBUTION
OF SUCH MONIES UNDER THE PROVISIONS OF THIS SEC-
TION. IN ADDITION TO THE DISTRIBUTION OF THE SUM
OF $10,150,000.00 AS PROVIDED FOR IN SECTION 8 HEREIN-
ABOVE, THERE MAY BE A SUPPLEMENTAL DISTRIBUTION
DURING THE FISCAL YEAR ENDING ON JUNE 30, 1956, IN
AN AMOUNT OF $4,336,360.00 OR ANY PORTION THEREOF
IF UNDER THE PROVISIONS OF SAID SECTION 319 OF
ARTICLE 81 OF THE ANNOTATED CODE OF MARYLAND
(1954 SUPPLEMENT, AS AMENDED) THERE WOULD HAVE
BEEN AVAILABLE FOR DISTRIBUTION SUCH SUM OR POR-
TION THEREOF. SUCH SUM OF $4,336,360.00 OR ANY POR-
TION THEREOF SHALL BE DISTRIBUTED TO THE SEVERAL
COUNTIES OF THIS STATE AND TO THE MAYOR AND CITY
COUNCIL OF BALTIMORE UNDER THE PROVISIONS OF

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Session Laws, 1955
Volume 620, Page 449   View pdf image (33K)
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