Section 2-1302.1 - Distribution of sales and use tax revenues to Transportation Trust Fund.
§ 2-1302.1. Distribution of sales and use tax revenues to Transportation Trust Fund.
(a) In general.- Except as provided in subsections (b), (c), and (d) of this section, after making the distributions required under §§ 2-1301 and 2-1302 of this subtitle, of the sales and use tax collected on short-term vehicle rentals under § 11-104(c) of this article the Comptroller shall distribute:
(1) 45% to the Transportation Trust Fund established under § 3-216 of the Transportation Article; and
(2) the remainder to the Chesapeake Bay 2010 Trust Fund.
(b) Fiscal Year 2008.- For the fiscal year beginning July 1, 2008, after the distribution required under subsection (a)(1) of this section, the Comptroller shall distribute the remainder of the sales and use tax collected on short-term vehicle rentals under § 11-104(c) of this article as follows:
(1) $18,500,000 to the General Fund of the State; and
(2) the remainder to the Chesapeake Bay 2010 Trust Fund.
(c) Fiscal year 2009.- For the fiscal year beginning July 1, 2009, after the distribution required under subsection (a)(1) of this section, the Comptroller shall distribute the remainder of the sales and use tax collected on short-term vehicle rentals under § 11-104(c) of this article as follows:
(1) $21,100,711 to the General Fund of the State; and
(2) the remainder to the Chesapeake Bay 2010 Trust Fund.
(d) Fiscal year 2010.- For the fiscal year beginning July 1, 2010, after the distribution required under subsection (a)(1) of this section, the Comptroller shall distribute the remainder of the sales and use tax collected on short-term vehicle rentals under § 11-104(c) of this article as follows:
(1) $17,101,428 to the General Fund of the State; and
(2) the remainder to the Chesapeake Bay 2010 Trust Fund.
[1998, ch. 706; 2000, ch. 295, § 1; ch. 296, § 1; 2001, ch. 29, § 1; ch. 568, § 2; 2002, ch. 440, § 14; 2007 Sp. Sess., ch. 6, § 5; 2008, ch. 414; 2009, ch. 487, § 1; 2010, ch. 484, § 8.]