Section 2-614 – Administrative Costs; Additional Distributions to Transportation Trust Fund
(a) (1) Except as provided in paragraph (2) of this subsection, after making the distributions required under §§ 2–613 and 2–613.1 of this subtitle, the Comptroller shall distribute monthly 17.2% of the remaining income tax revenue from corporations to a special fund to be distributed as provided in subsection (b) of this section. (2) The percent of the […]
Section 2-615 – Additional Distribution to General Fund
After making the distributions required under §§ 2–613, 2–613.1, and 2–614 of this subtitle, the Comptroller shall distribute the remaining income tax revenue from corporations to the General Fund of the State.
Section 2-607 – To Municipal Corporation and Special Taxing District
(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 […]
Section 2-608 – To County
(a) (1) After making the distributions required under §§ 2–604 through 2–607 of this subtitle, if it is determined that a county has not met the local funding requirements for education under § 5–202(d) of the Education Article, the Comptroller shall distribute to the county board of education an amount equal to the amount calculated under § […]
Section 2-608.1 – To Municipalities for Fiscal Year 1990
(a) In this section, “municipality” means: (1) a special taxing district that received an income tax revenue distribution in fiscal year 1977; or (2) a municipal corporation. (b) For fiscal year 1990, after making the distributions required under § 2-604 through § 2-608 of this subtitle, the Comptroller shall distribute to each municipality the amount, if any, by which: […]
Section 2-609 – To General Fund
After making the distributions required under §§ 2–604 through 2–608.1 of this subtitle, and after making the distributions required under §§ 7–329 and 7–330 of the State Finance and Procurement Article, the Comptroller shall distribute the remaining income tax revenue from individuals to the General Fund of the State.
Section 2-610 – Time for Distributions to Counties, Municipal Corporations, and Special Taxing Districts
(a) The Comptroller shall make the distributions of income tax revenue from individuals attributable to county income tax periodically to a county, municipal corporation, or special taxing district. (b) The periodic distributions of the estimated amount to which each county, municipal corporation, and special taxing district is entitled from withholdings and estimated income taxes paid shall be […]
Section 2-611 – Overpayments, Underpayments, Repayments, and Reimbursements
(a) In this section, “account” means the Local Reserve Account established to comply with § 2–606 of this subtitle. (b) This section applies to a county or municipal corporation that receives an overpayment or underpayment of local income tax revenue from the Comptroller. (c) After reviewing income tax revenue distributions to a county or municipal corporation, if the […]
Section 2-613 – To Refund Account
From the income tax revenue from corporations, the Comptroller shall distribute the amount necessary to pay refunds relating to income tax from corporations to the income tax refund account.
Section 2-613.1 – To Higher Education Investment Fund
After making the distribution required under § 2–613 of this subtitle, of the remaining income tax revenue from corporations, the Comptroller shall distribute: (1) 6% to the Higher Education Investment Fund established under § 15–106.6 of the Education Article; and (2) 9.15% to the General Fund.