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§ 2-1303. Disbursements to Dorchester County Economic Development Fund, Blueprint for Maryland&...

West's Annotated Code of MarylandTax-GeneralEffective: May 3, 2023

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 2. Administration by Comptroller (Refs & Annos)
Subtitle 13. Sales and Use Tax Revenue Distribution (Refs & Annos)
Effective: May 3, 2023
MD Code, Tax - General, § 2-1303
§ 2-1303. Disbursements to Dorchester County Economic Development Fund, Blueprint for Maryland's Future Fund, and General Fund
Currentness
In general
After making the distributions required under §§ 2-1301 through 2-1302.2 of this subtitle, the Comptroller shall pay:
(1) revenues from the hotel surcharge into the Dorchester County Economic Development Fund established under § 10-130 of the Economic Development Article;
(2) to the Blueprint for Maryland's Future Fund established under § 5-206 of the Education Article, the following percentage of the remaining sales and use tax revenues:
(i) for fiscal year 2023, 9.2%;
(ii) for fiscal year 2024, 11.0%;
(iii) for fiscal year 2025, 11.3%;
(iv) for fiscal year 2026, 11.7%; and
(v) for fiscal year 2027 and each fiscal year thereafter, 12.1%; and
(3) the remaining sales and use tax revenue into the General Fund of the State.

Credits

Added as Tax-General § 2-1203 by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Renumbered as Tax-General § 2-1303 by Acts 1988, c. 643, § 1, eff. Jan. 1, 1989. Amended by Acts 1988, c. 643, § 3, eff. Jan. 1, 1989; Acts 1998, c. 706, § 1, eff. July 1, 1999; Acts 2004, c. 424, § 2, eff. June 1, 2004; Acts 2007, 1st Sp. Sess., c. 6, § 5, eff. July 1, 2008; Acts 2008, c. 307, § 1, eff. Oct. 1, 2008; Acts 2011, c. 397, § 1, eff. June 1, 2011; Acts 2013, c. 429, § 4, eff. June 1, 2013; Acts 2019, c. 735, § 1, eff. Oct. 1, 2019; Acts 2019, c. 771, § 17, eff. Oct. 1, 2019; Acts 2022, c. 33, § 1, eff. June 1, 2022; Acts 2023, c. 254, § 5, eff. May 3, 2023; Acts 2023, c. 255, § 5, eff. May 3, 2023.
Formerly Art. 81, §§ 370, 399.
MD Code, Tax - General, § 2-1303, MD TAX GENERAL § 2-1303
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document