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Ch. 440 2002 LAWS OF MARYLAND
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SECTION 22 23. 28. AND BE IT FURTHER ENACTED, That:
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(a) Except as otherwise provided in this Section, Sections 2 through 11 and 14
through 19 of this Act shall take effect July 1, 2002.
(b) Section 7-327(h)(10) of the State Finance and Procurement Article as
enacted under Section 8 of this Act shall take effect June 1, 2002.
(c) Pursuant to Article III, Section 35 of the Constitution of Maryland, this Act
may not be construed to extend or apply to the salary or compensation of the
Comptroller, Treasurer, Attorney General, or Secretary of State in office on the effective
date of this Act, but the provisions of this Act concerning the salary or compensation of
the Comptroller, Treasurer, Attorney General, or Secretary of State shall take effect at
the beginning of the next following term of office.
(d) The changes to Title 17, Subtitle 3 of the Commercial Law Article under
Section 14 of this Act shall take effect June 1, 2002 and shall be applicable to all
property presumed abandoned for reporting periods ending on or after June 30, 2002.
(e) The changes to § 17-106(e)(2) of the Transportation Article under Section
14 of this Act shall take effect June 1, 2002.
SECTION 23. 24. 29. AND BE IT FURTHER ENACTED, That, except as
otherwise provided in this Section, Section 16 of this Act shall be applicable to all
taxable years beginning after December 31, 2001. The provisions of §§ 10-210.1 and
10-310 of the Tax - General Article as enacted under Section 16 of this Act shall be
applicable to any taxable year to which the additional allowance for depreciation
under § 168(k)(1)(A) of the Internal Revenue Code or the special 5-year net operating
loss carryback period provided under § 172(b)(1)(H) of the Internal Revenue Code
applies.
SECTION 24. 25. 30. AND BE IT FURTHER ENACTED, That Section 17 of
this Act shall be applicable to any Act of Congress enacted on or after January 1, 2001
with respect to decedents dying after December 31, 2001.
SECTION 25. 26. 31. AND BE IT FURTHER ENACTED, That Section 18 of
this Act shall remain effective for a period of 2 years and, at the end of June 30, 2004.
with no further action required by the General Assembly, Section 18 of this Act shall
be abrogated and of no further force or effect.
SECTION 26. 27. 32. AND BE IT FURTHER ENACTED, That Section 20 of
this Act shall take effect July June 1, 2003 and shall be applicable to all property
presumed abandoned for reporting periods ending on or after June 30, 2003.
SECTION 28. 33. AND BE IT FURTHER ENACTED. That Section 21 of this
Act shall remain effective for the period of 1 year and 1 month and, at the end of June
30, 2003, with no further action required by the General Assembly, Section 21 of this
Act shall be abrogated and of no further force and effect.
SECTION 27. 29. 34. AND BE IT FURTHER ENACTED, That, except as
provided in Sections 22 through 26 23 through 28 28 through 33 of this Act, this Act
shall take effect June 1, 2002.
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- 3624 -
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