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Ch. 394
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2182
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LAWS OF MARYLAND
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conversion of any property for use on or by such
vessels. For the purpose of exempting from the sales
tax the sales of aircraft,, vessels, railroad rolling
stock, and motor vehicles, which will be used
principally in the movement of passengers or
freight, or both, in interstate and foreign
commerce, and sales of replacement parts and other
tangible personal property to be used physically in,
on, or by them.
BY adding to
Article 81 — Revenue and Taxes
Section 326(gg)
Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 326(gg) be and it is hereby
added to Article 81 — Revenue and Taxes, of the Annotated
Code of Maryland (1975 Replacement Volume and 1976
Supplement) to read as follows:
Article 81 - Revenue and Taxes
326.
The tax hereby levied shall not apply to the
following sales:
(GG) THE SALE, REPAIR ALTERATION, OR CONVERSION
OF, AND THE PROPERTY FOR USE ON OR BY, A VESSEL OF 50 TON
BURDEN OR MORE WHICH IS PRINCIPALLY ENGAGED IN CARRYING
PASSENGERS OR FREIGHT IN INTERSTATE OR FOREIGN COMMERCE.
(GG) SALES OF AIRCRAFT, VESSELS, RAILROAD ROLLING
STOCK, AND MOTOR VEHICLES, WHICH WILL BE USED PRINCIPALLY
IN THE MOVEMENT OF PASSENGERS OR FREIGHT, OR BOTH, IN
INTERSTATE AND FOREIGN COMMERCE, AND SALES OF REPLACEMENT
PARTS AND OTHER TANGIBLE PERSONAL PROPERTY TO BE USED
PHYSICALLY IN, ON, OR BY THEM.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 395
(House Bill 212)
AN ACT concerning
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