Unannotated Code of Maryland (Last Updated: May 16, 2014) |
TAX - GENERAL |
TITLE 2. ADMINISTRATION BY COMPTROLLER |
SUBTITLE 6. INCOME TAX REVENUE DISTRIBUTION |
PART III. DISTRIBUTION OF INCOME TAX REVENUE FROM CORPORATIONS |
§ 2-613.1. To Higher Education Investment Fund.
Latest version.
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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.