(a) Distribution required.- After making the distributions required under §§ 2-604 through 2-607 of this subtitle, the Comptroller shall distribute to each county the remaining income tax revenue from individuals attributable to the county income tax for that county.
(b) Adjustment.- The Comptroller shall adjust the amount distributed under subsection (a) of this section to a county to allow for a proportionate part of refund and interest payments made for a prior calendar year after a distribution is made to the county for that year.
(c) Distributions.- For each of fiscal years 2013 through 2022, inclusive:
(1) the Comptroller shall distribute $36,677,863 of the remaining income tax revenue from individuals to the local reserve account established to comply with § 2-606 of this subtitle; and
(2) the total amount distributed to the counties for each fiscal year under subsection (a) of this section shall be reduced by $36,677,863.
(d) Adjustment.- The Comptroller shall adjust the amount distributed under subsection (a) of this section to a county to allow for a proportionate part of the reduction made under subsection (c) of this section.
(e) Determination of pro rata share.- To determine the pro rata share for a county under subsection (d) of this section, the Comptroller shall compute the amount equal to the product of multiplying $36,677,863 by a fraction:
(1) the numerator of which is the amount of county income tax from individuals collected and attributable to residents of the county, calculated using tax returns filed with the Comptroller for the most recent preceding tax year; and
(2) the denominator of which is the total amount of county income taxes collected from individuals, calculated using tax returns filed with the Comptroller for the most recent preceding tax year.
(f) Use of pro rata share.- The pro rata share calculated under subsection (e) of this section shall be used for the quarterly distributions of local income tax revenue beginning in November and ending in August.
(a) Distribution required.- After making the distributions required under §§ 2-604 through 2-607 of this subtitle, the Comptroller shall distribute to each county the remaining income tax revenue from individuals attributable to the county income tax for that county.
(b) Adjustment.- The Comptroller shall adjust the amount distributed under subsection (a) of this section to a county to allow for a proportionate part of refund and interest payments made for a prior calendar year after a distribution is made to the county for that year.
(c) Distributions.- For each of fiscal years 2013 through 2022, inclusive:
(1) the Comptroller shall distribute $36,677,863 of the remaining income tax revenue from individuals to the local reserve account established to comply with § 2-606 of this subtitle; and
(2) the total amount distributed to the counties for each fiscal year under subsection (a) of this section shall be reduced by $36,677,863.
(d) Adjustment.- The Comptroller shall adjust the amount distributed under subsection (a) of this section to a county to allow for a proportionate part of the reduction made under subsection (c) of this section.
(e) Determination of pro rata share.- To determine the pro rata share for a county under subsection (d) of this section, the Comptroller shall compute the amount equal to the product of multiplying $36,677,863 by a fraction:
(1) the numerator of which is the amount of county income tax from individuals collected and attributable to residents of the county, calculated using tax returns filed with the Comptroller for the most recent preceding tax year; and
(2) the denominator of which is the total amount of county income taxes collected from individuals, calculated using tax returns filed with the Comptroller for the most recent preceding tax year.
(f) Use of pro rata share.- The pro rata share calculated under subsection (e) of this section shall be used for the quarterly distributions of local income tax revenue beginning in November and ending in August.
(a) Distribution required.- After making the distributions required under §§ 2-604 through 2-607 of this subtitle, the Comptroller shall distribute to each county the remaining income tax revenue from individuals attributable to the county income tax for that county.
(b) Adjustment.- The Comptroller shall adjust the amount distributed under subsection (a) of this section to a county to allow for a proportionate part of refund and interest payments made for a prior calendar year after a distribution is made to the county for that year.
(c) Distributions.- For each of fiscal years 2013 through 2022, inclusive:
(1) the Comptroller shall distribute $36,677,863 of the remaining income tax revenue from individuals to the local reserve account established to comply with § 2-606 of this subtitle; and
(2) the total amount distributed to the counties for each fiscal year under subsection (a) of this section shall be reduced by $36,677,863.
(d) Adjustment.- The Comptroller shall adjust the amount distributed under subsection (a) of this section to a county to allow for a proportionate part of the reduction made under subsection (c) of this section.
(e) Determination of pro rata share.- To determine the pro rata share for a county under subsection (d) of this section, the Comptroller shall compute the amount equal to the product of multiplying $36,677,863 by a fraction:
(1) the numerator of which is the amount of county income tax from individuals collected and attributable to residents of the county, calculated using tax returns filed with the Comptroller for the most recent preceding tax year; and
(2) the denominator of which is the total amount of county income taxes collected from individuals, calculated using tax returns filed with the Comptroller for the most recent preceding tax year.
(f) Use of pro rata share.- The pro rata share calculated under subsection (e) of this section shall be used for the quarterly distributions of local income tax revenue beginning in November and ending in August.
