Md. Code, Tax-Gen. § 2-1603
Md. Code, Tax-Gen. § 2-1603
Maryland · Maryland Code, Tax - General · Status: effective
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- Citation
- Md. Code, Tax-Gen. § 2-1603, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789849
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Full text
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.