MARVIN MANDEL, Governor

2737

[[(D) THE NEW CERTIFICATE OF TITLE, SUBSEQUENT
ISSUES OF THAT CERTIFICATE OF TITLE, AND THE FILES OF THE
ADMINISTRATION SHALL BE MARKED TO SHOW THAT THE VEHICLE
IS NO LONGER A SALVAGE VEHICLE, BUT IS REBUILT AND

RESTORED.]]

SECTION 2. AND BE IT FURTHER ENACTED, That
Sections 3-831(a) and (g) of Article 66 1/2 - Vehicle
Laws, of the Annotated Code of Maryland (1970 Replacement
Volume and 1974 Supplement) be and they are hereby
repealed and re—enacted, with amendments, to read as
follows:

Article 66 1/2 - Vehicle Laws

3-831.

(a) In addition to the charges prescribed by this
article there is levied and imposed an excise tax for the
issuance of every original certificate of title for motor
vehicles and commercial motor vehicles, in this State and
for the issuance of every subsequent certificate of title
for the motor vehicles and commercial motor vehicles in
this State, excluding house and office trailers over 35
feet in length; VEHICLES ACQUIRED BY INSURANCE COMPANIES
AS A RESULT OF COMPREHENSIVE OR COLLISION CLAIMS; motor
vehicles transferred to members of the immediate family,
when there is no money or other valuable consideration
involved in the transfer; motor vehicles repossessed
under a lien contract except where the sale of the motor
vehicle is required under the contract; motor vehicles
being transferred to a legal heir, legatee, or
distributee; motor vehicles transferred from an
individual to a partnership or corporation upon formation
of the partnership or corporation, when the individual is
a partner in the newly formed partnership or a principal
stockholder in the newly formed corporation; and
transfers of any motor vehicles exempted from the payment
of the excise tax under this section and other applicable
sections of the Annotated Code of Maryland, and the
[[Department of Motor Vehicles]] MOTOR VEHICLE
ADMINISTRATION shall collect the tax upon the issuance
of every certificate of title of a motor vehicle at the
rate of four percent of the fair market value of the
motor vehicle or commercial motor vehicle, excluding
those transfers previously exempted in this section for
which a certificate of title is applied for and issued.
The excise tax is likewise levied and imposed, and shall
be collected by the [[Department]] ADMINISTRATION on
each such vehicle which is registered without delivering
a certificate of title, as permitted by § 3-109 (c).

(g) The [Department] ADMINISTRATION may determine