1348

LAWS OF MARYLAND

Ch. 413

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
thereof, or the District of Columbia is less than the rate
imposed by this subtitle, the difference between the tax due
under this subtitle and the tax computed at the rate of such
other tax in accordance with the formula set forth in §
373[(a)] of this subtitle shall be paid to the Comptroller.

(d)  Tangible personal property purchased or acquired
prior to coming into this State by a person a nonresident
thereof for his, her, or its or their own use or enjoyment
while temporarily in this State, or for such other use as
the Comptroller may by regulation specify, so long as such
property does not remain in this State for more than
[thirty] 30 days.

This section shall not apply to any property which is
brought into this State for the purpose of engaging in or
carrying on any business or for the purpose of making a
profit, other than tangible personal property which is
brought into this State temporarily for the purpose of use
in or in conjunction with the presentation of any sporting
event, exhibition, exhibit, show, or other public
performance or display and which is not intended to and does
not become permanently located in this State. Any of the
above tangible personal property which remains in this State
for more than [thirty] 30 days shall be conclusively
presumed to [the] BE permanently located in this State and
shall be subject to taxation under this subtitle, except
insofar as federal law provides an exemption from taxation
for vessels or other property which is temporarily in this
State for any longer period of time.

SECTION 4 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 6, 1980.

CHAPTER 414
(House Bill 766)
AN ACT concerning