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Session Laws, 1993
Volume 772, Page 1162   View pdf image
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Ch. 79                                       1993 LAWS OF MARYLAND

(ii) the General Assembly provides through a supplementary
appropriations bill; or

(2) that the Governor, after finding that the State of Maryland Deposit
Insurance Fund has obtained revenue in excess of the requirements of that Fund,
authorizes by budget amendment to be transferred from that Fund.

(c) The monthly distribution under subsection (a) of this section to the
Transportation Trust Fund shall continue only until the total of the amount distributed
under subsection (a) of this section and former Article 81, § 288A of the Code and the
amount transferred in the manner described in subsection (b) of this section is
$129,000,000.

(d) The distribution under subsection (a) of this section is for the purpose of
restoring:

(1)     the $29,000,000 transferred from the Transportation Trust Fund to the
General Fund of the State under § 3-216(f) of the Transportation Article; and

(2)     the $100,000,000 transferred from the Transportation Trust Fund to the
State of Maryland Deposit Insurance Fund.]

[2-619.] 2-618.

After making the distributions required under §§ 2-613 [through 2-618], 2-614,
2-616, AND 2-617 of this subtitle, the Comptroller shall distribute the remaining income
tax revenue from corporations to the General Fund of the State.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Tax - General

[2-615.

(a)     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.] 2-615.

After making the distributions required under §§ 2-613 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.

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Session Laws, 1993
Volume 772, Page 1162   View pdf image
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