clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1993
Volume 772, Page 1161   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

WILLIAM DONALD SCHAEFER, Governor                           Ch. 79

(1)     with respect to which an income tax return is not filed; and

(2)     that is attributable to estimated income tax payments by corporations.]
THERE IS AN UNALLOCATED CORPORATE REVENUE ACCOUNT.

(b) 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.

2-616.

After making the distributions required under §§ 2-613 [through 2-615] AND 2-614
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.

2-617.

After making the distributions required under §§ 2-613 [through], 2-614, AND
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.

[2-618.

(a)     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

(2)     $3,000,000 on a cumulative monthly basis beginning in July, 1988 and
continuing through October, 1990.

(b)     The total distribution under subsection (a) of this section shall be reduced by
the amount, if any, transferred to the Transportation Trust Fund:

(1) as an appropriation that:

(i) the Governor requests and the General Assembly approves in the
budget bill; or

- 1161 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1993
Volume 772, Page 1161   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives