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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
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 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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