Md. Code, Tax-Gen. § 2-1603

Current with changes from the 2024 Legislative Session

Section 2-1603 - To General Fund

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.

Md. Code, TG § 2-1603

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