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§ 2-607. Disbursement to municipal corporations and special taxing districts

West's Annotated Code of MarylandTax-GeneralEffective: April 10, 2012

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 2. Administration by Comptroller (Refs & Annos)
Subtitle 6. Income Tax Revenue Distribution (Refs & Annos)
Part II. Distribution of Income Tax Revenue from Individuals (Refs & Annos)
Effective: April 10, 2012
MD Code, Tax - General, § 2-607
§ 2-607. Disbursement to municipal corporations and special taxing districts
In general
(a) After making the distributions required under §§ 2-604 through 2-606 of this subtitle, from the remaining income tax revenue from individuals, the Comptroller shall distribute to each special taxing district that received an income tax revenue distribution in fiscal year 1977 and to each municipal corporation an amount that, based on the certification of the Comptroller as to State income tax liability and county income tax liability of the residents of the district or municipal corporation, equals the greater of:
(1) subject to subsection (b) of this section, 17% of the county income tax liability of those residents; or
(2) 0.37% of the Maryland taxable income of those residents.
Determination of amount
(b) If the county income tax rate for a county is less than 2.6%, the amount determined under subsection (a)(1) of this section shall be multiplied by a fraction:
(1) the numerator of which is 2.6%; and
(2) the denominator of which is the county income tax rate for the county.
Adjustments
(c) The Comptroller shall adjust the amount distributed under subsection (a) of this section to a municipal corporation or special taxing district to allow for a proportionate part of refund and interest payments for a prior calendar year made after a distribution is made to the municipal corporation or district for that year.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1989, c. 8, §§ 1, 7; Acts 1989, c. 9, §§ 1, 7; Acts 1992, 1st Sp. Sess., c. 2, § 2; Acts 1993, c. 330; Acts 1997, c. 4, § 1, eff. July 1, 1997; Acts 1998, c. 21, § 9, eff. April 14, 1998; Acts 1999, c. 493, § 2, eff. Jan. 1, 2001; Acts 2012, c. 6, § 2, eff. April 10, 2012.
Formerly Art. 81, §§ 283, 310, 323.
MD Code, Tax - General, § 2-607, MD TAX GENERAL § 2-607
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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