(a) All taxes, interest, penalties, and costs collected under the provisions of the Income Tax Act of 1929 shall be general revenues and shall be deposited into the State Treasury to the credit of the State Apportionment Fund.
(b) The Treasurer of State, on or before the fifth of the month next following the month during which the revenues shall have been received by him or her, shall allocate and transfer them to the various State Treasury funds in the proportions to each as provided by law, after first transferring to the General Revenue Fund Account an amount equivalent to the cost of collection and other pro rata charges as also provided by law.
Section: Previous 26-51-102 26-51-103 26-51-104 26-51-105 26-51-106 26-51-107Last modified: November 15, 2016