§6–404.

    A refund payable to a qualified business entity under § 6–403(e) of this subtitle reduces:

        (1)    the income tax revenue from corporations if the qualified business entity is a corporation subject to the income tax under Title 10 of the Tax – General Article;

        (2)    the income tax revenue from individuals if the qualified business entity is:

            (i)    an individual subject to the income tax under Title 10 of the Tax – General Article; or

            (ii)    an organization exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; and

        (3)    insurance premium tax revenues if the qualified business entity is subject to taxation under Title 6 of the Insurance Article.