Ch. 2                                    LAWS OF MARYLAND

PRACTICES AND PROCEDURES REQUIRED UNDER THE STATE FINANCE AND
PROCUREMENT ARTICLE AND ELSEWHERE IN THE CODE.

(C) DISTRIBUTION TO ACCOUNT.

EXCEPT FOR A DISTRIBUTION REQUIRED UNDER § 2-604 OF THIS
TITLE, THE REQUIREMENT TO DISTRIBUTE TO AN ACCOUNT MEANS TO MAKE
A BOOKKEEPING ENTRY IN THE ACCOUNTING RECORDS OF THE STATE.

REVISOR'S NOTE: Subsection (a)(1) of this section is new
language that in part is added to state expressly
that which only was implied in the former law -- i.e.,
that the Comptroller has the collection authority for
revenues from the Maryland estate, motor carrier,
motor fuel, public service company franchise, and
savings and loan association franchise taxes -- and in
part is derived without substantive change from the
references to collection in the first, third, and
fourth sentences of former Art. 2B, § 138 and former
Art. 81, § 404(a), § 402(a)(5), (f)(2), the third
sentence of (b), and the second sentence of (c), the
references to collection in § 283(c)(l)(i) and the
first sentence of § 370, the first clause of the first
sentence of § 434, and, as it related to the
collection of tax revenue, § 399.

Subsection (a)(2) of this section is new language that
in part is added to state expressly that which only
was implied in the former law -- i.e., that the
Comptroller has the accounting authority for revenues
from the taxes the Comptroller collects and from the
financial institution franchise, inheritance,, and
public service company franchise taxes and the tax on
commissions -- and in part is derived from the
reference to accounting in former Art. 81, §
283(c)(l)(i).

Subsection (a)(3) of this section is new language
added to state expressly that which only was implied
in the former law -- i.e., that the Comptroller has
the distribution authority for the tax revenues the
Comptroller collects and for the financial institution
franchise, inheritance, public service company
franchise, and tax on commissions tax revenues that
are remitted to the Comptroller.

Subsection (b) of this section is new language added
to clarify the requirement to distribute revenue.
Accordingly, throughout this title, the word
"distribute" is substituted for the former words
"credit", "deduct and retain", "distribute¹',
"disburse", "pay", "pay over", "pay by warrant",
"remit", "retain", and other similar words used to
require distribution of revenue.

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