2138

LAWS OF MARYLAND

Ch. 608

Approved May 20, 1980.

CHAPTER 609

(House Bill 664)

AN ACT concerning

Retail Sales Tax - Exemption

FOR the purpose of exempting from the retail sales tax
rental of certain machinery and equipment owned by the
Maryland Port Administration.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 324(d)

Annotated Code of Maryland

(1975 Replacement Volume and 1979 Supplement)

BY adding to

Article 81 - Revenue and Taxes

Section 326 (oo)

Annotated Code of Maryland

(1975 Replacement Volume and 1979 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be repealed, amended, or enacted to read as follows: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:

(d) "Sale" and "selling" mean any transaction
whereby title or possession, or both, of tangible personal
property is or is to be transferred by any means whatsoever
for a consideration including rental, lease or license to
use, or royalty, by a vendor to a a purchaser, or any
transaction whereby services subject to tax under § 325 of

this subtitle are rendered for consideration to any

purchaser by any vendor. Such consideration may be either in
the form of a price in money, rights or property or by
exchange or barter, and may be payable immediately, in the
future, or by installment. "SALE" AND "SELLING" DO NOT MEAN
THE RENTING OF MACHINES OR EQUIPMENT OWNED BY THE MARYLAND
PORT ADMINISTRATION AND USED EXCLUSIVELY FOR LOADING OR
UNLOADING CARGO FROM OCEANGOING VESSELS.