Ch. 2

LAWS OF MARYLAND

In subsection (a) of this section, the word
"distributions" is substituted for the former words
"[a]ll such payments", for clarity.

Also in subsection (a) of this section, the word
"periodically" is substituted for the former phrase
"as soon as practicable" to clarify that distributions
are made at set intervals. This substitution is
supported by the requirement, in subsection (b) of
this section, for quarterly distributions.

Former Art. 81, § 283(c)(2)(ii), which required a
distribution to 14 counties on or about June 1, 1988,
is transferred to the Session Laws.

Defined terms: "Comptroller" § 1-101
"County" § 1-101 "County income tax" § 2-601
"Income tax" § 1-101 "Individual" § 2-601
"Quarter" § 2-101 "Revenue" § 2-101

2-611. RESERVED.

2-612. RESERVED.

PART III. DISTRIBUTION OF INCOME TAX REVENUE
FROM CORPORATIONS.

2-613. TO REFUND ACCOUNT.

FROM THE INCOME TAX REVENUE FROM CORPORATIONS, THE
COMPTROLLER SHALL DISTRIBUTE THE AMOUNT NECESSARY TO PAY REFUNDS
RELATING TO INCOME TAX FROM CORPORATIONS TO THE INCOME TAX REFUND
ACCOUNT.

REVISOR'S NOTE: This section is new language added to state
expressly that a distribution to an account for refund
claims is made before any other distribution.

Defined terms: "Comptroller" § 1-101
"Corporation" § 2-601 "Income tax" § 1-101
"Revenue" § 2-101

2-614. TO TRANSPORTATION TRUST FUND.

AFTER MAKING THE DISTRIBUTION REQUIRED UNDER § 2-613 OF THIS
SUBTITLE, FROM THE REMAINING INCOME TAX REVENUE FROM
CORPORATIONS, THE COMPTROLLER SHALL DISTRIBUTE 10.714286% TO THE
TRANSPORTATION TRUST FUND, TO BE HELD AND DISTRIBUTED FOR ANY
PURPOSE ALLOWED UNDER TITLE 8 OF THE TRANSPORTATION ARTICLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the fifth sentence of
former Art. 81, § 288(c).

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