1. (1) in the first full fiscal year after the municipal incorporation takes effect, one-third of the distribution otherwise required under § 2-607 of the Tax--General Article;
2. (2) in the second fiscal year after the municipal incorporation takes effect, two-thirds of the distribution otherwise required under § 2-607 of the Tax--General Article; and
3. (3) in the third fiscal year after the municipal incorporation takes effect and each subsequent fiscal year, all of the distribution required under § 2-607 of the Tax--General Article.

If a referendum held under this subtitle results in the creation of a new municipality, the local income tax payments authorized under § 2-607 of the Tax--General Article shall be distributed to the municipality as follows, unless the county commissioners or county council agrees to an accelerated payment schedule:

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.