Maryland Code, STATE FINANCE AND PROCUREMENT 8-134
Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 8-134
(2) Each governing body immediately shall collect the tax at the rates the Board certifies under this section.
(b) If, on or before May 1 of any year, the Comptroller certifies to the Board that the General Assembly has appropriated enough money to meet the debt service requirements during the next taxable year on an issue of State bonds:
(1) the Board, by resolution, may determine that the tax otherwise required by the enabling act under which those State bonds are issued need not be imposed for that year; and
(2) the Governor, by proclamation issued under the resolution, shall declare that the taxes otherwise required by the enabling act may not be collected during that year.