582                             LAWS OF MARYLAND                     [CH. 165

Article 81 of the Annotated Code of Maryland (1965 Replacement
Volume and 1968 Cumulative Supplement), title "Revenue and
Taxes," subtitle "Income Tax" and to add new subsections (n) and
(o) to Section 312 of said Article and subtitle to follow immedi-
ately after subsection (m) of Section 312; to provide an earlier
distribution to local fiscal authorities of certain withholding taxes
paid monthly, to authorize the Comptroller to expend such amounts
as are deemed necessary for the administration and enforcement
of this subtitle, to provide an earlier date for reporting and remit-
ting to the Comptroller income taxes withheld by an employer from
the compensation of employees, to provide for reporting and re-
mitting the taxes so withheld on a monthly basis in lieu of quar-
terly in certain instances, to provide for the filing and remitting
of estimated income taxes by corporations and to further provide
for the application of the interest and penalty sections against
individuals and corporations in certain instances with respect to
their estimated taxes.

Section 1. Be it enacted by the General Assembly of Maryland,
That subsections (c) and (c-1) of Section 283 and subsection (h) of
Section 312 of Article 81 of the Annotated Code of Maryland (1965
Replacement Volume and 1968 Cumulative Supplement), title "Rev-
enue and Taxes," subtitle "Income Tax" be and it is hereby repealed
and re-enacted, with amendments; and to add new subsections (n)
and (o) to Section 312 of said Article and subtitle to follow immedi-
ately after subsection (m) of Section 312, to read as follows:

283.

(c) Any local income tax imposed under the provisions of this
section shall be administered by the Comptroller of the Treasury who
shall collect and account for the revenue, crediting all such funds to a
local income tax fund hereby established in the State treasury. Local
income taxes imposed pursuant to this section shall be subject to the
provisions of Section 312 of this subtitle relating generally to with-
holding at the source, declaration of estimated tax due, and remit-
tance thereof to the Comptroller.

After deducting the cost of any refunds and the prorated share of
the cost of operating the Income Tax Division, the Comptroller shall
pay over the balance to the appropriate local fiscal authority. All
such payments shall be made by the Comptroller as soon as prac-
ticable. As often as practicable, but not less frequently than every
calendar quarter, the Comptroller shall pay over and distribute to
the counties of the State and to Baltimore City the respective
amounts to which they may be estimated to become entitled under
the provisions of this section which have been received in the form
of withholding and estimated taxes paid. Provided, however, that
for all calendar years beginning after December 31, 1969, and
thereafter the Comptroller shall, prior to the last day of the St