Md. Code, Tax - General § 2-614
This is the official text of Md. Code, Tax - General § 2-614, part of Maryland’s Code, Tax - General — governs state taxation.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§2–614.
Official statutory text
(a) (1) Except as provided in paragraph (2) of this subsection, after making the distributions required under §§ 2–613 and 2–613.1 of this subtitle, the Comptroller shall distribute monthly 20% of the remaining income tax revenue from corporations to a special fund to be distributed as provided in subsection (b) of this section.
(2) The percent of the remaining income tax revenue from corporations distributed to a special fund to be distributed as provided in subsection (b) of this section shall be:
(i) 17.2% for the fiscal year beginning July 1, 2022;
(ii) 20% for the fiscal year beginning July 1, 2023;
(iii) 21% for the fiscal year beginning July 1, 2024; and
(iv) 22% for each fiscal year beginning on or after July 1, 2025, but before July 1, 2027.
(b) (1) (i) Except as provided in subparagraph (ii) of this paragraph, from the special fund, the Comptroller shall distribute an amount equal to 20% of the cost to administer the income tax on corporations to an administrative cost account.
(ii) The percent of the cost to administer the income tax on corporations that is distributed to an administrative cost account shall be:
1. 17.2% for the fiscal year beginning July 1, 2022;
2. 20% for the fiscal year beginning July 1, 2023;
3. 21% for the fiscal year beginning July 1, 2024; and
4. 22% for each fiscal year beginning on or after July 1, 2025, but before July 1, 2027.
(2) After making the distribution required under paragraph (1) of this subsection, the Comptroller shall distribute the balance in the special fund to the Gasoline and Motor Vehicle Revenue Account in the Transportation Trust Fund.
(2) The percent of the remaining income tax revenue from corporations distributed to a special fund to be distributed as provided in subsection (b) of this section shall be:
(i) 17.2% for the fiscal year beginning July 1, 2022;
(ii) 20% for the fiscal year beginning July 1, 2023;
(iii) 21% for the fiscal year beginning July 1, 2024; and
(iv) 22% for each fiscal year beginning on or after July 1, 2025, but before July 1, 2027.
(b) (1) (i) Except as provided in subparagraph (ii) of this paragraph, from the special fund, the Comptroller shall distribute an amount equal to 20% of the cost to administer the income tax on corporations to an administrative cost account.
(ii) The percent of the cost to administer the income tax on corporations that is distributed to an administrative cost account shall be:
1. 17.2% for the fiscal year beginning July 1, 2022;
2. 20% for the fiscal year beginning July 1, 2023;
3. 21% for the fiscal year beginning July 1, 2024; and
4. 22% for each fiscal year beginning on or after July 1, 2025, but before July 1, 2027.
(2) After making the distribution required under paragraph (1) of this subsection, the Comptroller shall distribute the balance in the special fund to the Gasoline and Motor Vehicle Revenue Account in the Transportation Trust Fund.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.