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Session Laws, 1988
Volume 770, Page 59   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                       Ch. 2

June "following the end of the 4-year period" to
clarify that unallocated revenue is distributed 6
months after the end of the fourth calendar year.

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

2-616. TO GENERAL FUND.

AFTER MAKING THE DISTRIBUTIONS REQUIRED UNDER §§ 2-613
THROUGH 2-615 OF THIS SUBTITLE, FROM THE REMAINING INCOME TAX
REVENUE FROM CORPORATIONS, THE COMPTROLLER SHALL DISTRIBUTE
$30,928,000 TO THE GENERAL FUND OF THE STATE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the introductory
language of former Art. 81, § 288A, as that language
related to distribution to the General Fund of the
State.

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

2-617. TO TRANSPORTATION TRUST FUND.

AFTER MAKING THE DISTRIBUTIONS REQUIRED UNDER §§ 2-613
THROUGH 2-616 OF THIS SUBTITLE, FROM THE REMAINING INCOME TAX
REVENUE FROM CORPORATIONS, THE COMPTROLLER SHALL DISTRIBUTE
MONTHLY THE FOLLOWING PERCENTAGES:

(1)  16% TO THE GASOLINE AND MOTOR VEHICLE REVENUE
ACCOUNT IN THE TRANSPORTATION TRUST FUND; AND

(2)  16% TO THE TRANSPORTATION REVENUE SHARING ACCOUNT
IN THE TRANSPORTATION TRUST FUND.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
288A(1) and (2).

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

2-618. LIMITED DISTRIBUTION TO TRANSPORTATION TRUST FUND.

(A) DISTRIBUTION.

AFTER MAKING THE DISTRIBUTIONS REQUIRED UNDER §§ 2-613
THROUGH 2-617 OF THIS SUBTITLE, FROM THE REMAINING INCOME TAX
REVENUE FROM CORPORATIONS, THE COMPTROLLER SHALL DISTRIBUTE TO
THE TRANSPORTATION TRUST FUND:

(1) $2,500,000 ON A CUMULATIVE MONTHLY BASIS
BEGINNING IN JANUARY, 1987 AND CONTINUING THROUGH JUNE, 1988; AND

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Session Laws, 1988
Volume 770, Page 59   View pdf image
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