2007 Laws of Maryland

Study of Maryland's budgetary structure and process,
requirements added...................................................................

Video lottery operation licensees, minority business
participation and employee health and retirement
benefits requirements, provisions added; reports required.....

Video lottery terminal proceeds, allocation for local impact
grants to Baltimore City and Prince George's County;
report requirements, provisions added.....................................

Video lottery terminals, operation authorized; licensing,
regulation, and distribution of proceeds, and reports on
facilities, crimes in surrounding communities, and
attainment of minority business participation goals,

provisions added.........................................................................

Retail Sales Tax SEE Sales and Use Tax
Revenue and Taxes —

See also Admissions and Amusement Tax; Excise Tax;
Income Tax; Property Tax; Sales and Use Tax; Transfer
Tax

Board of Revenue Estimates, report requirements altered...........

Budget spending and growth reductions, revenue allocations,
and budget procedures, various provisions added and
altered.........................................................................................

Bureau of Revenue Estimates, organization and reports,
provisions altered.......................................................................

Chesapeake Bay 2010 Trust Fund, established for the
restoration of the Bay and its tributaries; funding
provisions added.........................................................................

Consensus Revenue Monitoring and Forecasting Group,
established..................................................................................

Distribution of funds from various taxes and fees altered to
benefit the Transportation Trust Fund and the
Chesapeake Bay 2010 Trust Fund............................................

Electric utility local property taxes, provisions concerning
exemptions, payment in lieu of taxes, and State
reimbursement grants to certain counties altered and
added; calculation of limitation on local property tax
imposition, provisions altered...................................................

Maryland Business Tax Reform Commission, established;
reports required..........................................................................

Property tax on video lottery facility in Allegany County,
local tax exemption and payment in lieu of taxes,
provisions added.........................................................................

Recordation and transfer taxes on the transfer of real
property through the sale of a controlling interest in a
real property entity, provisions added......................................

Tobacco tax rate increased..............................................................

- 336 -

Chapter

Page

2	2
4	116
4	116
4	116
2	2
2	2
2	2
6	266
2	2
6	266
2	2
3	48
4	116
3	48
6	266