Ch. 2

LAWS OF MARYLAND

IN JUNE OF EACH YEAR, FROM THE UNALLOCATED CORPORATE REVENUE
ACCOUNT, THE COMPTROLLER SHALL DISTRIBUTE TO THE TRANSPORTATION
TRUST FUND, TO BE HELD AND DISTRIBUTED FOR ANY PURPOSE ALLOWED
UNDER TITLE 8 OF THE TRANSPORTATION ARTICLE, THE REVENUE:

(1)  WITH RESPECT TO WHICH AN INCOME TAX RETURN WAS
NOT FILED WITHIN 4 YEARS AFTER THE DATE ON WHICH THE INCOME TAX
RETURN WAS DUE TO BE FILED; AND

(2)  THAT WAS RECEIVED DURING THE CALENDAR YEAR ENDING
54 MONTHS BEFORE THE DISTRIBUTION DATE.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
323C, the fifth sentence of § 288(c), and the
introductory language of § 288A, as that language
related to distributions of unallocated corporate
revenue.

The introductory clause of subsection (a) of this
section "[a]fter the distributions required under- §§
2-613 and 2-614 of this subtitle," is added to clarify
those reductions in revenues before other
distributions are made.

In the introductory language of subsection (a) of this
section, the reference to distribution "to an
unallocated corporate revenue account" is substituted
for the former reference to distribution "to the
Transportation Trust Fund ... under § 288(c) and the
amounts for which current distribution is deferred
under § 323C of this article" to state expressly that
the Comptroller segregates these revenues in the
unallocated corporate revenue "account". Accordingly,
in subsection (b) of this section, the reference to
the "account" is substituted for former references to
estimated tax payments made "pursuant to § 3l2(n) of
this article" and "that represents the amount of
corporate income tax levied and imposed pursuant to §
288(c) of this article".

Subsection (b) of this section is revised to require
distribution directly to the Transportation Trust
Fund. See the revisor's note to § 2-614 of this
subtitle.

In subsection (b) of this section, the former
effective date "for all taxable years beginning after
December 31, 1981" is deleted as obsolete.

In subsection (b)(2) of this section, the reference to
tax revenue "received during the calendar year ending
54 months before the distribution date" is substituted
for the former reference to revenue distributed in

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