EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*sb0678*
SENATE BILL 678
Q3, Q7 4lr2988
CF HB 453
By: The President (By Request – Office of the Comptroller)
Introduced and read first time: January 29, 2024
Assigned to: Budget and Taxation
Committee Report: Favorable
Senate action: Adopted
Read second time: February 17, 2024
CHAPTER ______
AN ACT concerning 1
Income Tax – Technical Corrections 2
FOR the purpose of repealing certain obsolete provisions of law concerning the distribution 3
of income tax revenue; correcting a certain erroneous cross–reference; and generally 4
relating to technical corrections of provisions of law concerning income taxation. 5
BY repealing 6
Article – Tax – General 7
Section 2–608.1 and 2–610(d) 8
Annotated Code of Maryland 9
(2022 Replacement Volume and 2023 Supplement) 10
BY repealing and reenacting, with amendments, 11
Article – Tax – General 12
Section 2–609 and 10–753(b) 13
Annotated Code of Maryland 14
(2022 Replacement Volume and 2023 Supplement) 15
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 16
That the Laws of Maryland read as follows: 17
Article – Tax – General 18
[2–608.1. 19
2 SENATE BILL 678
(a) In this section, “municipality” means: 1
(1) a special taxing district that received an income tax revenue 2
distribution in fiscal year 1977; or 3
(2) a municipal corporation. 4
(b) For fiscal year 1990, after making the distributions required under § 2–604 5
through § 2–608 of this subtitle, the Comptroller shall distribute to each municipality the 6
amount, if any, by which: 7
(1) a $2 per capita increase over the amount distributed to the municipality 8
under § 2–607 of this subtitle for the 1986 taxable year, based on the most recent census 9
data available from the Department of Planning; exceeds 10
(2) the amount distributed to the municipality under § 2–607 of this 11
subtitle for the 1988 taxable year.] 12
2–609. 13
After making the distributions required under §§ 2–604 through [2–608.1] 2–608 of 14
this subtitle, and after making the distributions required under §§ 7–329 and 7–330 of the 15
State Finance and Procurement Article, the Comptroller shall distribute the remaining 16
income tax revenue from individuals to the General Fund of the State. 17
2–610. 18
[(d) The Comptroller shall make a payment of the additional amounts provided 19
under § 2–608.1 of this subtitle on or about December 31 of the fiscal year for which the 20
payment is made.] 21
10–753. 22
(b) An individual, a nonprofit organization, or a business entity may claim a 23
credit against the State income tax in accordance with Title 6, Subtitle [8] 9 of the Housing 24
and Community Development Article for new construction costs and rehabilitation costs 25
for catalytic revitalization projects. 26
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 27
1, 2024. 28