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§ 21-208. Individual Tax Preparers Fund

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: April 14, 2009

West's Annotated Code of Maryland
Business Occupations and Professions
Title 21. Individual Tax Preparers (Refs & Annos)
Subtitle 2. State Board of Individual Tax Preparers (Refs & Annos)
Effective: April 14, 2009
MD Code, Business Occupations & Professions, § 21-208
§ 21-208. Individual Tax Preparers Fund
Currentness
In general
(a) There is an Individual Tax Preparers Fund.
Purpose of Fund
(b) The purpose of the Fund is to approximate the costs associated with the administration and enforcement of this title.
Administration
(c) The Board shall administer the Fund.
Nature of Fund
(d)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
Contents of Fund
(e) The Fund consists of:
(1) revenue distributed to the Fund under § 21-207 of this subtitle;
(2) money appropriated in the State budget to the Fund; and
(3) any other money from any other source accepted for the benefit of the Fund.
Use of Fund
(f) The Fund may be used only for costs associated with the administration and enforcement of this title.
Investment of Fund moneys
(g)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be credited to the General Fund of the State.
Expenditures from Fund
(h) Expenditures from the Fund may be made only in accordance with the State budget.

Credits

Added by Acts 2008, c. 623, § 3, eff. June 1, 2008. Amended by Acts 2009, c. 60, § 1, eff. April 14, 2009.
MD Code, Business Occupations & Professions, § 21-208, MD BUS OCCUP & PROF § 21-208
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