Ch. 10                                      1996 LAWS OF MARYLAND .

Error: Obsolete cross-reference in § 11-206(c)(2) of the State Personnel
and Pensions Article.

Occurred: As a result of Ch. 3, Acts of 1995.

Article - Tax - General

2-1104.

After making the distributions required under §§ 2-1101 through 2-1103 of this
subtitle, from the remaining motor fuel tax revenue, the Comptroller shall distribute:

(2) 0.3% to the Fisheries Research and Development Fund; [and]

DRAFTER'S NOTE:

Error: Extraneous conjunction in § 2-1104(2) of the Tax - General Article.

Occurred: Ch. 2, Acts of 1988.

8-204.

(b) A financial institution shall add to its net earnings computed under subsection
(a) of this section the amounts that, even if otherwise allowed to be subtracted under §
10-307(b) and [(g)(2) and (5)] (G)(1) AND (4) of this article, equal:

(1)     profit realized from the sale or exchange of bonds issued by this State or
a political subdivision of this State;

(2)     dividends received from foreign corporations and included in federal
gross income under § 78 of the Internal Revenue Code;

(3)     interest derived from a United States obligation;

(4)     State tax exempt interest received from a mutual fund and allowed to be
subtracted under [§ 10-307(g)(5)] § 10-307(G)(4) of this article; and

(5)     interest excluded from federal gross income under § 103 of the Internal
Revenue Code and derived from a bond:                                  . .

(i) issued by a state or a public corporation, special district, political
subdivision of a state or their instrumentalities; or

(ii) under § 150 of the Internal Revenue Code, treated as a bond
issued by a state or a public corporation, special district, or political subdivision of a state
or their instrumentalities.

DRAFTER'S NOTE:

Error: Erroneous cross-references in § 8-204(b) of the Tax - General
Article to § 10-307(g) of the Tax - General Article.

Occurred: As a result of Ch. 146, Acts of 1994.

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