WILLIAM DONALD SCHAEFER, Governor Ch. 553
Article 81 - Revenue and Taxes
460.
(a) The Comptroller shall pay into a special fund in the
treasury all taxes, penalties and interest collected and received
by him pursuant to this subtitle. Such proceeds shall be
disbursed upon the warrant of the Comptroller for the following
purposes:
(1) Such amounts as he deems necessary from time to
time to provide for payment of refunds under this subtitle.
(2) After the deduction provided for in paragraph (1)
of this subsection, any amount collected and received from the
supplemental tax imposed under Section 433(b) of this subtitle
shall be paid as follows:
(i) 33% into the Maryland Agricultural Land
Preservation Fund, established under § 2-505 of the Agriculture
Article, for the purposes specified for use of the Fund in Title
2, Subtitle 5 of the Agriculture Article;
(ii) For fiscal year 1986 only:
1. 12% into a special fund in the
Department of Agriculture for the development and marketing of
agricultural products in the State; and
2. 55% into the General Fund of the
State; and
(iii) For fiscal year 1987 and thereafter, 67%
into the General Fund of the State.
(3) After the deduction provided for in paragraph (1)
of this subsection and the distribution as provided in paragraph
(2) of this subsection, 3/13 of the balance remaining shall be
paid into the general funds of this State.
(4) Such amounts as may be required from time to time
to pay the salaries and expenses of administering the provisions
of this subtitle, to be paid into the general funds of the State
as reimbursement for funds budgeted for this purpose.
(5) After the deductions provided for in paragraph
(1) of this subsection and the distributions as provided in
paragraphs (2), (3), and (4) of this subsection, 70 percent of
the balance remaining shall be paid into the General Fund of this
State.
(6) After the deductions provided for in paragraph
(1) of this subsection and the distributions as provided in
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