MARVIN MANDEL, Governor

3057

CHAPTER 669
(House Bill 265)

AN ACT concerning

State Budget — Information on Revenue Exemptions

FOR the purpose of requiring the Governor to submit a
listing of the amount of revenue lost through
exemptions, setting forth the type of listing and
exemptions involved and placing certain
responsibilities on State agencies.

BY adding to

Article 15A - Budget and Fiscal Planning

Section 20(b-2)

Annotated Code of Maryland

(1968 Replacement Volume and 1974 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 20(b-2) be and it is hereby
added to Article 15A — Budget and Fiscal Planning, of the
Annotated Code of Maryland (1968 Replacement Volume and
1974 Supplement) to read as follows:

Article 15A — Budget and Fiscal Planning

20.

(B-2) BEGINNING WITH THE BUDGET SUBMITTED FOR THE
1977 FISCAL YEAR AND IN EVERY FISCAL YEAR AFTERWARDS, THE
GOVERNOR SHALL SUBMIT TO THE GENERAL ASSEMBLY A LISTING
OF THE AMOUNT OF REDUCTION IN THE REVENUES OF THE STATE
OR THE REVENUES OF LOCAL GOVERNMENT COLLECTED BY THE
STATE AS A RESULT OF EXEMPTIONS FROM TAXATION. THE
LISTING SHALL INCLUDE AN ESTIMATE OF THE REVENUE LOST
FROM THE EXEMPTION, THE PURPOSE OF THE EXEMPTION, THE
PERSONS, ORGANIZATIONS OR PART OF THE POPULATION WHICH
BENEFIT FROM THE EXEMPTION, AND WHETHER OR NOT THE
EXEMPTION CONFLICTS WITH ANOTHER STATE PROGRAM. THE
GOVERNOR ANNUALLY SHALL SUBMIT RECOMMENDATIONS WITH
RESPECT TO THE REPEAL OR AMENDMENT OF ANY EXEMPTION. THE
LISTING SHALL INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING
REVENUE SOURCES: