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Session Laws, 1957
Volume 640, Page 678   View pdf image (33K)
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678                                     Laws of Maryland                             [Ch. 454

PUBLIC DEBT

01.01.00.00 Redemption and Interest on State Bonds

Special Fund Appropriation for interest and re-
demption on existing public debt of the State
including contingent interest on loans author-
ized but not issued, excluding debt service for
General Public School Construction Loans of
1949, 1953 and 1956 which are serviced by
payments from political sub-divisions and the
Maryland Port Authority Loan of 1956 which
is to be serviced by a special ½% Corporation
Income Tax ........................................................ 11,269,729

PAYMENTS OF REVENUE TO CIVIL DIVISIONS OF THE STATE

02.01.00.00 Share of Franchise Tax on Ordinary Business
Corporations

To Baltimore City, the Counties and the Incorpo-
rated Towns of the State: One-half of the
estimated receipts of the Corporation Fran-
chise Taxes, it being the intention that one-
half of the actual receipts from franchise
taxes on ordinary business corporations be
distributed to the Counties and Baltimore
City and Incorporated Towns in accordance
with the distribution provided for by the
Franchise Tax Laws, whether the same be
more or less than this estimate.

Special Fund Appropriation.......................... 244,000

02.02.00.00 Share of Tax on Admissions

To Baltimore City, the Counties and the Incorpo-
rated Towns of the State: The respective
shares due them of the State Tax on Admis-
sions to places of amusement in accordance
with the provisions of Article 81, Section
405, of the Annotated Code of Maryland
(1951 Edition), whether the same be more or
less than this estimate.

Special Fund Appropriation.......................... 320,341

02.03.00.00 Share of Gasoline Tax Fund

To Baltimore City: Thirty Percent (30%) of the
net receipts entering into the Gasoline Tax
Fund (Six Cent (6¢) Gasoline Tax), whether
the same be more or less than this estimate
after deducting from the total the Special
Fund Appropriation for Comptroller of the
Treasury—Motor Vehicle Fuel Tax Division.

Special Fund Appropriation.......................... 14,923,415

02.04.00.00 Share of Motor Vehicle Revenue

To Baltimore City: Thirty Percent (30%) of the
net receipts entering into the Motor Vehicle
Revenue Fund, whether the same be more or

 

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Session Laws, 1957
Volume 640, Page 678   View pdf image (33K)
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