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<section article="gsf" article_name="State Finance and Procurement" number="6-106" title_number="6" title_name="Revenues" subtitle_number="1" subtitle_name="Studies and Estimates">
  <level label="a">
    <level label="1">
      <text>In this section, “nonwithholding income tax revenues” means the State share of income tax quarterly estimated and final payments with returns made by individuals, as defined in § 10–101 of the Tax – General Article.</text>
    </level>
    <level label="2">
      <text>“Nonwithholding income tax revenues” does not include:</text>
      <level label="i">
        <text>the county share of income tax quarterly estimated and final payments with returns made by individuals;</text>
      </level>
      <level label="ii">
        <text>income tax payments made by corporations;</text>
      </level>
      <level label="iii">
        <text>income tax refunds paid to individuals or corporations; or</text>
      </level>
      <level label="iv">
        <text>income tax withholding.</text>
      </level>
    </level>
  </level>
  <level label="a–1">
    <text>The Board shall:</text>
    <level label="1">
      <text>study the information that the Bureau provides; and</text>
    </level>
    <level label="2">
      <text>consider the recommendations of the Bureau.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>In December, March, and September of each year, the Board shall submit to the Governor and, in accordance with § 2–1257 of the State Government Article, to the General Assembly, a report that:</text>
      <level label="i">
        <text>contains an itemized statement of the estimated State revenues from all sources for the fiscal year following the fiscal year in which the report is made; and</text>
      </level>
      <level label="ii">
        <text>includes any recommendations of the Board.</text>
      </level>
    </level>
    <level label="2">
      <level label="i">
        <text>Subject to subparagraph (ii) of this paragraph, the Governor shall state the most recent estimates of revenues reported by the Board in the proposed budget and any supplemental budget submitted to the General Assembly.</text>
      </level>
      <level label="ii">
        <text>If the Governor uses different estimates of revenues in the formulation of the proposed budget and any supplemental budget submitted to the General Assembly than those reported by the Board, a statement providing an explanation as to the differences shall be included together with those submissions.</text>
      </level>
    </level>
    <level label="3">
      <text>The report required under paragraph (1) of this subsection shall include estimated revenues from nonwithholding income taxes calculated in accordance with § 6–104(e) of this subtitle.</text>
    </level>
  </level>
  <level label="c">
    <text>The Board shall approve a methodology for determining the State share of nonwithholding income tax revenues for each fiscal year.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>On or before July 31 each year, the Board, in coordination with the Chief, shall schedule the Board’s annual meetings for March, December, and September of that fiscal year.</text>
    </level>
    <level label="2">
      <text>Not later than 5 days before the scheduled date of the meeting, the Board, on the recommendation of the Chief, may reschedule a meeting under this subsection.</text>
    </level>
    <level label="3">
      <text>Notice of a meeting rescheduled under paragraph (2) of this subsection shall:</text>
      <level label="i">
        <text>be posted to the website established under subsection (e) of this section; and</text>
      </level>
      <level label="ii">
        <text>include a statement from the Chief concerning the reason the meeting is rescheduled.</text>
      </level>
    </level>
  </level>
  <level label="e">
    <text>The Board shall develop and maintain a website that:</text>
    <level label="1">
      <text>provides access to the revenue estimates, projections, and reports developed by the Board;</text>
    </level>
    <level label="2">
      <text>provides a schedule of upcoming Board meetings and agendas for open meetings of the Board;</text>
    </level>
    <level label="3">
      <text>provides links to live video streaming of each open meeting of the Board;</text>
    </level>
    <level label="4">
      <text>provides a complete and unedited archived video recording of each open meeting for which live video streaming was made available under item (3) of this subsection for a minimum of 5 years after the date of the meeting;</text>
    </level>
    <level label="5">
      <text>provides access to reports and projections of the General Fund of the State and the following special funds:</text>
      <level label="i">
        <text>the Blueprint for Maryland’s Future Fund established under § 5–219 of the Education Article;</text>
      </level>
      <level label="ii">
        <text>the Education Trust Fund established under § 9–1A–30 of the State Government Article; and</text>
      </level>
      <level label="iii">
        <text>the Transportation Trust Fund established under § 3–216 of the Transportation Article;</text>
      </level>
    </level>
    <level label="6">
      <text>provides access to reports and projections of appropriations for, distributions from, and funds maintained by Program Open Space; and</text>
    </level>
    <level label="7">
      <text>provides any other information the Board considers relevant.</text>
    </level>
  </level>
</section>
