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Ch. 493 2000 LAWS OF MARYLAND
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(4) PARAGRAPHS (2) AND (3) OF THIS SUBSECTION DO NOT APPLY TO ANY
PERSONAL PROPERTY UNLESS ALLEGANY COUNTY SUBMITS TO THE DEPARTMENT,
ON OR BEFORE OCTOBER 31 OF THE TAXABLE YEAR FOR WHICH THE TAX CREDIT OR
EXEMPTION FOR THE PROPERTY IS GRANTED, THE INFORMATION REQUIRED UNDER
§ 9-201(B) OF THIS TITLE REGARDING THE TAX CREDIT OR EXEMPTION.
SECTION 3. AND BE IT FURTHER ENACTED, That, on or before June 1,
2000, each county that for the taxable year ending June 30, 2000, has granted a tax
credit under § 9-205 of the Tax - Property Article for manufacturing personal
property described in § 7-225 of the Tax - Property Article or has granted a tax credit
or exemption for personal property under § 9-302(i) of the Tax - Property Article shall
submit to the Department of Assessments and Taxation the information for the
current taxable year required under § 9-201(b) of the Tax - Property Article
regarding the tax credit or exemption and an itemized list of any property tax credits
granted under § 9-205 of the Tax - Property Article for manufacturing personal
property described in § 7-225 of the Tax - Property Article. For the fiscal year that
begins July 1, 2000, the provisions of S§ 9-205(i) and 9-302(i)(2) of the Tax - Property
Article as enacted under Section 2 of this Act do not apply to any property unless the
county that grants a tax credit or exemption for that property submits the
information required under this section to the Department of Assessments and
Taxation on or before June 1, 2000.
SECTION 4. AND BE IT FURTHER ENACTED, That the Governor shall
include in the State budget for each of fiscal years 2001 and 2002 an appropriation of
at least $8,000,000 to meet the State's existing legal obligations for educational
funding and avoid nature litigation.
SECTION 5. AND BE IT FURTHER ENACTED, That, notwithstanding §
7-317(d) and (g) of the State Finance and Procurement Article, in fiscal year 2001, the
Cigarette Restitution Fund established under § 7-817 of the State Finance and
Procurement Article may be used to fund the implementation of: (i) the Governor's
Teacher Salary Challenge Program established under § 5-313 of the Education
Article; and (2) Section 4 of this Act. In fiscal year 2001, the Governor may transfer
funds by budget amendment from the Cigarette Restitution Fund to the Transitional
Education Fund created under this Act as necessary to fund the Governor's Teacher
Salary Challenge Program in fiscal year 2001.
SECTION 5. AND BE IT FURTHER ENACTED, That it is the intent of the
General Assembly that the Governor include in the State budget for fiscal year 2001 an
appropriation of at least $21 million 19.5 million to fund the Maryland Academic
Intervention and Support Program established under § 7-208 of the Education Article
as enacted by this Act. In fiscal year 2002, the Governor shall include in the State
budget an appropriation of $21 million $19.5 million to fund the Program.
SECTION 6. AND BE IT FURTHER ENACTED, That if the fiscal year 2001
appropriation for the transitional component established under § 5-213(d)(6) of the
Education Article is less than $9 million, the Governor shall include an appropriation
of at least $9 million for the transitional component for fiscal year 2002 allocated as
provided under § 5-213(d)(6) of the Education Article.
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