HARRY HUGHES, Governor

2141

(A)  FOR THE PURPOSE OF THIS SECTION, THE TERM
PASSENGER RENTAL CAR MEANS A PASSENGER CAR AS THAT TERM IS
DEFINED IN THE TRANSPORTATION ARTICLE:

(1)  WHICH IS ACQUIRED SOLELY FOR RENTAL PURPOSES
BUT WHICH WILL NOT BE RENTED TO THE SAME PERSON FOR MORE
THAN 180 CONSECUTIVE DAYS;

(2)  WHICH AT THE TIME OF PURCHASE IS PART OF A
FLEET OF PASSENGER CARS OWNED BY THE SAME PERSON, AT LEAST
FIVE OF WHICH ARE USED SOLELY FOR RENTAL PURPOSES AS
DESCRIBED IN SUBSECTION (A)(1) OF THIS SECTION;

(3)  FOR WHICH THE OWNER WILL NOT FURNISH A
DRIVER; AND

(4)  WHICH WILL NOT BE USED TO TRANSPORT
PASSENGERS OR PROPERTY FOR HIRE.

(B)  THE VENDOR SHALL BE ENTITLED TO APPLY AND CREDIT
AGAINST THE AMOUNT OF TAX PAYABLE BY HIM, UNDER §§ 335
THROUGH 339 OF THIS SUBTITLE, AN AMOUNT EQUAL TO THE EXCISE
TAX IMPOSED BY § 13-809 OF THE TRANSPORTATION ARTICLE AND
PAID BY HIM ON OR AFTER JULY 1, 1981 ON ANY PASSENGER RENTAL
CAR.

(C)  A VENDOR SHALL CLAIM THE CREDIT AUTHORIZED BY
SUBSECTION (B) OF THIS SECTION UPON FORMS PRESCRIBED BY THE
COMPTROLLER, FILED WITH ANY RETURN REQUIRED BY § 335 OF THIS
SUBTITLE FOR THE PERIOD DURING WHICH THE EXCISE TAX WAS
PAID. THE COMPTROLLER SHALL ALLOW SUCH CREDIT IF
APPLICATION IS MADE WITHIN 3 YEARS FROM THE DUE DATE OF THE
RETURN FOR THE PERIOD DURING WHICH THE EXCISE TAX WAS PAID.

373.

(D)  NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (A),
THERE IS HEREBY LEVIED AND IMPOSED UPON THE USE OR STORAGE
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.

375A.

(A) FOR THE PURPOSE OF THIS SECTION, THE TERM
PASSENGER RENTAL CAR MEANS A PASSENGER CAR AS THAT TERM IS
DEFINED IN THE TRANSPORTATION ARTICLE:

(1) WHICH IS ACQUIRED SOLELY FOR RENTAL PURPOSES
BUT WHICH WILL NOT BE RENTED TO THE SAME PERSON FOR MORE
THAN 180 CONSECUTIVE DAYS;