HARRY HUGHES, Governor

795

(2)   The destruction of tangible personal
property in the manufacturing, assembling, processing or
refining of other tangible personal property to be produced
for sale within the meaning of § 324(f) of this article.

(3)   The incorporation of tangible personal
property as a material or part of other tangible PERSONAL
property to be produced for sale by manufacturing,
assembling, processing or refining.

[(q) "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.]

373.

(d) Notwithstanding the provisions of subsection (a)
of this section, the rate of tax shall be as follows on the
purchase BY A FARMER FOR USE IN HIS FARMING BUSINESS, of
farm vehicles AS THAT TERM IS DEFINED IN THE MARYLAND
VEHICLE LAW; MILKING MACHINES; and all farm equipment, WHICH
SHALL BE CONSIDERED TO BE TANGIBLE PERSONAL PROPERTY FOR THE
PURPOSES OF THIS ACT, to be used to prepare, IRRIGATE, AND
TEND the soil, plant, SERVICE, OR HARVEST seeds[, service]
AND growing crops and harvest, TRANSPORT, CLEAN, DRY, AND
STORE THE crops[, including (1) portable elevators and
conveyors used to load harvested crops into storage
facilities on the farm, and (2) also including but not
limited to power spraying equipment, irrigation equipment
and portable grain and hay dryers, and (3) also but not
limited to milking machines]:

(1)   On each sale where the price is from
[fifty-one cents (51¢)] 51 CENTS to [one dollar ($1.00)] $1,
[two cents (2¢)] 2 CENTS;

(2)   On each [fifty cents (50¢)] 50 CENTS of
price or fraction thereof in excess of [one dollar ($1.00)]
$1, [one cent (1¢)] 1 CENT.

375.

The use, storage or consumption in this State of the
following tangible personal property is hereby specifically
exempted from the tax imposed by this subtitle:

(c) Tangible personal property upon the sale of which
or upon the gross receipts received from the sale of which
an excise tax at a rate equal to or greater than that hereby
levied has been imposed under the laws of any state or
territory, of the United States of America, or any political
subdivision thereof, or the District of Columbia. If the
rate of tax paid to such other state or territory of the
United States of America, or any political subdivision