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§ 2-1302.1. Distribution of sales and use tax revenues to Transportation Trust Fund

MD Tax-Gen Code § 2-1302.1 (2019) (N/A)
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(a)    Except as otherwise provided in this section, after making the distributions required under §§ 2–1301 and 2–1302 of this subtitle, of the sales and use tax collected on short–term vehicle rentals under § 11–104(c) of this article the Comptroller shall distribute:

(1)    45% to the Transportation Trust Fund established under § 3–216 of the Transportation Article; and

(2)    the remainder to the Chesapeake and Atlantic Coastal Bays 2010 Trust Fund.

(b)    For each fiscal year beginning on or before July 1, 2015, after the distribution required under subsection (a)(1) of this section, the Comptroller shall distribute the remainder of the sales and use tax collected on short–term vehicle rentals under § 11–104(c) of this article as follows:

(1)    to the General Fund of the State:

(i)    $9,249,199 for the fiscal year beginning July 1, 2014; and

(ii)    $8,639,632 for the fiscal year beginning July 1, 2015; and

(2)    the remainder to the Chesapeake and Atlantic Coastal Bays 2010 Trust Fund.

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