2806

LAWS OF MARYLAND

Ch. 969

CHAPTER 969

(House Bill 2108)

AN ACT concerning

Vehicle Excise Tax - Exemptions

FOR the purpose of exempting certain vehicles involved in
certain financial reorganizations from the vehicle
excise tax.

BY repealing and reenacting, with amendments,

Article - Transportation

Section 13-810(b)

Annotated Code of Maryland

(1977 Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Transportation

13-810.

(b) On transfer of a vehicle titled in this State and
issuance of a subsequent certificate of title, the vehicle
is exempt from the excise tax imposed by this part, if it
is:

(1)    A vehicle transferred to a spouse, son,
daughter, parent, sister, brother, grandparent,
father-in-law, mother-in-law, son-in-law, or daughter-in—law
of the transferor, and no money or other valuable
consideration is involved in the transfer;

(2)    A vehicle repossessed under a security
agreement, unless the sale of the vehicle is required under
the agreement;

(3)    A vehicle transferred from an individual to
a partnership or corporation on formation of the partnership
or corporation, if the individual is a partner or a
principal stockholder of the newly formed partnership or
corporation, as the case may be;

(4)    A vehicle transferred to a legal heir,
legatee, or distributee;

(5)    A vehicle involuntarily transferred as a
result of divorce or separation proceedings; [or]

(6)    A vehicle that is jointly owned and
transferred to the name of one of the owners, if the
transferee can establish to the satisfaction of the