Md. Code Ann., Tax-Gen. § 2-1303
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2026
As of January 1, 2019
After making the distributions required under §§ 2–1301 through 2–1302.1 of this subtitle, the Comptroller shall pay:
After making the distributions required under §§ 2–1301 through 2–1302.5 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; and
(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.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.