Md. Code, Tax-Gen. § 2-1303

Maryland · Maryland Code, Tax - General · Status: effective

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Citation: Md. Code, Tax-Gen. § 2-1303, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789844
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After making the distributions required under §§ 2–1301 through 2–1302.5 of this subtitle, the Comptroller shall pay: (1) revenues from the hotel surcharge into the Dorchester County Economic Development Fund established under § 10–130 of the Economic Development Article; (2) to the Blueprint for Maryland’s Future Fund established under § 5–206 of the Education Article, the following percentage of the remaining sales and use tax revenues: (i) for fiscal year 2023, 9.2%; (ii) for fiscal year 2024, 11.0%; (iii) for fiscal year 2025, 11.3%; (iv) for fiscal year 2026, 11.7%; and (v) for fiscal year 2027 and each fiscal year thereafter, 12.1%; and (3) the remaining sales and use tax revenue into the General Fund of the State.