SENATE BILL 724

File Code: Taxes - Income

Sponsored By:

Senator Pinsky

Entitled:

Income Tax Revenues - Distributions to Municipal Corporations

Synopsis:

Requiring the governing body of a county, at the request of the governing body of a municipal corporation, to meet and discuss the distribution of income tax revenues to the municipal corporation for the upcoming fiscal year; authorizing a county under specified circumstances to adjust the percentages used to determine the distribution of income tax revenues to a municipal corporation; requiring a county that adjusts the percentages to notify the Comptroller before the beginning of the fiscal year; etc.

History by Legislative Date

Senate Action

2/4

First Reading Budget and Taxation

3/2

Hearing 3/15 at 1:00 p.m.

3/21

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

BUDGETS -see also- CAPITAL BUDGETS

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

HEARINGS

INCOME TAX

MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC

NOTICES

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

Bill affects the following Statute:

Tax - General

( 2-607 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered