790

LAWS OF MARYLAND

Ch. 209

BY repealing

Article 81 - Revenue and Taxes

Section 324(p) and (r), 326(b), 372(q), 375(e) through

(g), and 384
Annotated Code of Maryland
(1975 Replacement Volume and 1978 Supplement)

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 325, 326(g-l), 334, 335, 351(a), 354, 360,

365(g), 372(d), 373(d), 375(c), 385, 387, and

391
Annotated Code of Maryland
(1975 Replacement Volume and 1978 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be repealed, amended, or enacted to read as follows: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 81 - Revenue and Taxes

324.

As used in this subtitle, the following terms shall
mean or include:

[(p) "Successor" means any person purchasing or
succeeding to the business or a portion thereof or the whole
or any part of the stock of goods, wares or merchandise of a
vendor quitting, selling out, exchanging, or otherwise
disposing of his business.]

[(r) "Tax year" means the calendar year, or the
taxpayer's fiscal year if it be other than the calendar year
when such fiscal year is regularly used by the taxpayer for
the purpose of reporting the State income taxes as the tax
period in lieu of the calendar year.]

325.

(a) For the privilege of selling certain tangible
personal property at retail as defined above and for the
privilege of dispensing certain selected services defined as
sales at retail by § 324(f) of this subtitle a vendor shall
collect from the purchaser a tax at the rate specified in
this section on the price of each separate retail sale made
in this State [on or after the date of this section]. The
tax imposed by this section shall be paid by the purchaser
and shall be computed subject to the terms and conditions of
§ 334 of this subtitle, as follows:

(1) On each sale where the price is 20 cents,
the tax is 1 cent;