Md. Code Ann., Tax-Gen. § 2-1603
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2025
As of January 1, 2019
After making the distributions required under §§ 2–1601 and 2–1602 of this subtitle, the Comptroller shall distribute the remaining tobacco tax revenue to the General Fund of the State.
After making the distributions required under §§ 2–1601 and 2–1602 of this subtitle, the Comptroller shall distribute:
(1) to the Blueprint for Maryland’s Future Fund established under § 5–206 of the Education Article, the following amount or percentage of the remaining tobacco tax revenue:
(i) for fiscal year 2025, $88,300,000;
(ii) for fiscal year 2026, 32.6%;
(iii) for fiscal year 2027, 33.2%; and
(iv) for fiscal year 2028 and each fiscal year thereafter, 16.2%; and
(2) the remaining tobacco tax revenue to 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.