Skip to main content
Find a Lawyer

Maryland Code, State Finance and Procurement § 7-117

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Subject to § 2-1257 of the State Government Article, the Secretary shall provide to the General Assembly on a biennial basis by no later than February 1 of the fiscal year preceding the fiscal year the report covers, a report that contains a statement of the estimated amount by which exemptions from taxation reduce, for the year:

(1) State revenues; and

(2) revenues that the State collects for local governments.

(b) For each exemption, the statement shall:

(1) show the estimated amount by which the exemption reduces revenues;

(2) identify the person or the part of the population that benefits from the exemption; and

(3) say whether the exemption conflicts with any other State program.

(c) The statement shall include:

(1) each subtraction modification under § 10-207, § 10-208, or § 10-209 of the Tax-General Article; and

(2) each exemption under:

(i) Title 8, Subtitle 7 of the Natural Resources Article;

(ii) § 5-104, § 6-103, § 7-203, § 7-303, § 9-203, § 9-303, § 9-304, § 10-104, § 10-211, § 10-212, § 12-104, or Title 11, Subtitle 2 of the Tax-General Article;

(iii) Title 7 of the Tax-Property Article; and

(iv) § 13-810 or § 13-903 of the Transportation Article.

(d) The Comptroller, the Department of Assessments and Taxation, the Maryland Department of Labor, the Department of Natural Resources, the Department of Transportation, and other units of the State government shall help the Secretary of Budget and Management to prepare a draft of the statement under this section.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 7-117 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-7-117/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard