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HARRY HUGHES, Governor
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(E) [This] THE tax UNDER SUBSECTION (D) applies to [all
transactions] ANY PASSENGER CAR THAT IS:
(1) RENTED FOR A PERIOD OF 180 DAYS OR LESS UNDER A
TRANSACTION completed on or after July 1, 1981; OR
(2) ANY PASSENGER CAR LEASE BILLING PERIOD BEGINNING
ON OR AFTER JULY 1, 1983, INCLUDING A BILLING PERIOD ON A
PASSENGER CAR LEASE IN EXISTENCE PRIOR TO JULY 1, 1983.
375A.
(a) For the purpose of this section, the term passenger
[rental] car FOR RENTAL OR LEASE means a passenger car as that
term is defined in the Transportation Article:
(1) Which is acquired solely for rental OR LEASE
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 OR LEASE 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 §§ 385 through
390 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] CAR FOR RENTAL
OR LEASE THAT IS RENTED FOR A PERIOD OF 180 DAYS OR LESS, OR PAID
BY HIM ON OR AFTER JULY 1, 1983 ON ANY PASSENGER CAR FOR RENTAL
OR LEASE.
(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 § 385 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.
Chapter 519 of the Acts of 1981
[SECTION 2. AND BE IT FURTHER ENACTED, That the provisions
added to law by this Act and any regulations promulgated pursuant
thereto, and these provisions and regulations only, are of no
effect and may not be enforced after June 30, 1983.]
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