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PARRIS N. GLENDENING, Governor
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Ch. 435
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BY repealing and reenacting, with amendments,
Article 24 - Political Subdivisions - Miscellaneous Provisions
Section 9-1101
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 24 - Political Subdivisions - Miscellaneous Provisions
9-1101.
(a) (1) For each fiscal year, the Comptroller shall distribute to a county the
amount determined for each county under this section.
(2) The amount a county shall, receive under this section in any fiscal
year shall be based on the county income tax collected from individuals for the
taxable year that ended in the second prior fiscal year, from returns filed through
August 15 immediately preceding the applicable fiscal year, as determined by the
Comptroller.
(b) (1)) For each fiscal year, the Comptroller shall determine as rounded to
the nearest cent:
(i) The per capita yield of the county income tax for each county,
based on:
1. Unless a county income tax rate of other than [50%] 2.54%
was in effect, the receipts described in subsection (a) (2) of this section;
2. The population of the county as last projected by the
Department of Health and Mental Hygiene for July 1 of the applicable taxable year or
the latest decennial census for the applicable taxable year; and
3. If the county income tax rate is other than [50%] 2.54% in
the applicable: taxable year, the receipts described in subsection (a)(2) of this section
that would have been received if a county income tax rate of [50%] 2.54% had been in
effect; and
(ii) The per capita statewide yield of the county income tax, based
on:
1. The total receipts for county income tax described in
subsection (a)(2) of this section for counties with an income tax rate of [50%] 2.54% in
effect;
2. The State population as last projected by the Department
of Health and Mental Hygiene for July 1 of the applicable taxable year, or the latest
decennial census for the applicable taxable year; and
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- 2401 -
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