Md. Code, Tax-Gen. § 2-1303

Current with changes from the 2024 Legislative Session

Section 2-1303 - To General Fund

After making the distributions required under §§ 2-1301 through 2-1302.3 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.

Md. Code, TG § 2-1303

Amended by 2024 Md. Laws, Ch. 717,Sec. 2, eff. 7/1/2024.

Amended by 2024 Md. Laws, Ch. 410,Sec. 3, eff. 6/1/2024.

Amended by 2023 Md. Laws, Ch. 255, Sec. 5, eff. 5/3/2023.

Amended by 2023 Md. Laws, Ch. 254, Sec. 5, eff. 5/3/2023.

Added by 2019 Md. Laws, Ch. 771, Sec. 17.

Amended by 2019 Md. Laws, Ch. 735, Sec. 1, eff. 10/1/2019.