Ch. 430

2004 LAWS OF MARYLAND

Article - Tax - General

2-606.

(b)     (1) In June of each year, from current collections, the Comptroller shall
RESERVE AN AMOUNT OF UNALLOCATED REVENUE THAT THE COMPTROLLER
ESTIMATES WILL BE CLAIMED ON RETURNS AND REFUNDED TO TAXPAYERS WITHIN
3 YEARS OF THE DATE THE INCOME TAX RETURN WAS DUE TO BE FILED, AND
distribute to each county, municipal corporation, and special taxing district a pro rata
share of THE BALANCE OF THE unallocated individual income tax revenue[:

(i) with respect to which an income tax return was not filed within
3 years after the date the income tax return was due to be filed; and

(ii) that was received during the calendar year ending 42 months
before the distribution date].

2-614.

(A)     After making the distribution required under § 2-613 of this subtitle, the
Comptroller shall distribute monthly 24% of the remaining income tax revenue from
corporations to A SPECIAL FUND TO BE DISTRIBUTED AS PROVIDED IN SUBSECTION
(B) OF THIS SECTION.

(B)     (1) FROM THE SPECIAL FUND, THE COMPTROLLER SHALL DISTRIBUTE
AN AMOUNT EQUAL TO 24% OF THE COST TO ADMINISTER THE INCOME TAX ON
CORPORATIONS TO AN ADMINISTRATIVE COST ACCOUNT.

(2) AFTER MAKING THE DISTRIBUTION REQUIRED UNDER PARAGRAPH
(1) OF THIS SUBSECTION, THE COMPTROLLER SHALL DISTRIBUTE THE BALANCE IN
THE SPECIAL FUND TO the Gasoline and Motor Vehicle Revenue Account in the
Transportation Trust Fund-
Article - Tax - Property
13-209.

(c)      (1) Subject to subsection (e) of this section, of the balance of the revenue
in the special fund, not required under subsection (b) of this section:

(i) for the fiscal year beginning July 1, 2002, $47,268,585 shall be
allocated to the General Fund of the State and the remainder shall be allocated as
provided in subsection (d) of this section;

(ii) for the fiscal year beginning July 1, 2003, $102,833,869 shall be
allocated to the General Fund of the State and the remainder shall be allocated as
provided in the State budget; and

(iii) for the fiscal year beginning July 1, 2004, [an amount equal to
50% of the estimated fiscal year 2005 revenue for the special fund] $147,374,444
shall be allocated to the General Fund of the State, and the remainder shall be
allocated as provided in subsection (d) of this section THE STATE BUDGET.

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