MARVIN MANDEL, Governor
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process, however, the bill was amended to include among
the exemptions the "transfer of tangible personal
property between a parent corporation and its wholly
owned subsidiary or the transfer between wholly owned
subsidiaries of the same parent."
I am informed by the Director of the Retail Sales
Tax Division that this amendment may cost the State a
loss of several million dollars in revenue. It has been
the experience of the Division that numerous parent
corporations operating in Maryland have made purchases
through their central purchasing provisions tax exempt
inasmuch as the items are purchased under the resale
provisions for their wholly owned subsidiaries who, in
fact, use the purchased items for their own use. The
Division is currently collecting the tax from such
corporate transactions upon the resale to the
subsidiaries, but may lose this revenue by virtue of the
added provision. For this reason, I have decided to veto
Senate Bill 279.
Sincerely,
/s/ Marvin Mandel
Governor
Senate Bill No. 320 — Effect of Projects on
Historical Resources
AN ACT concerning
Maryland Historical Trust
FOR the purpose of requiring [fall governmental
agencies]] any governmental agency with a certain
exception to take into account the effect of
projects on any historical resource; to notify and
afford the Maryland Historical Trust an opportunity
to comment on certain projects; and defining terms.
May 15, 1975.
Honorable Steny H. Hoyer
President of the Senate
State House
Annapolis, Maryland
Dear Mr. President:
In accordance with Article II, Section 17, of the
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