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LAWS OF MARYLAND

Ch. 518

45TH DAY AFTER THE LAST DAY OF THE MONTH IN WHICH THE
BUSINESS WAS PROCURED INSURANCE WAS PLACED.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 19, 1981.

CHAPTER 519

(Senate Bill 193)

AN ACT concerning

Retail Sales Tax - Passenger Rental Cars

FOR the purpose of providing a credit against the amount of
sales and use taxes payable by a vendor of an amount
equal to the excise tax paid by the vendor on any
passenger rental car; increasing the retail sales and
use taxes imposed on the rental of these vehicles;
providing certain definitions; providing a method for
claiming the credit; and providing that the provisions
of this Act shall terminate automatically after a
certain date.

BY adding to

Article 81 - Revenue and Taxes
Section 325(c), 326B, 373(d), and 375A
Annotated Code of Maryland
(1980 Replacement Volume)

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be repealed, amended, or enacted to read as follows: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

325.

(C) NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (A),
A VENDOR SHALL COLLECT FROM THE RENTER OF ANY PASSENGER CAR
(1) WHICH IS RENTED FOR A PERIOD OF 180 DAYS OR LESS, (2)
FOR WHICH THE VENDOR DOES NOT FURNISH A DRIVER, AND (3)
WHICH IS NOT TO BE USED FOR TRANSPORTING PERSONS OR PROPERTY
FOR HIRE, A TAX OF 8 CENTS ON EACH EVEN DOLLAR, PLUS 2 CENTS
ON EACH 25 CENTS OR FRACTION THEREOF IN EXCESS OF THE EVEN
DOLLARS. THIS TAX APPLIES TO ALL TRANSACTIONS COMPLETED ON
OR AFTER JULY 1, 1981.

326B.