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ROBERT L. EHRLICH, JR., Governor Ch. 477
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(9) The possession within the State of a vessel if the current owner,
before July 1, 1986:
(i) 1. Was licensed by the Department to catch, for commercial
purposes, finfish, eels, crabs, conch, [terrapin,] soft shell clams, hard shell clams,
oysters, or any other fish; and
2. Used the vessel for any of the commercial fishing purposes
described in item 1 of this item; or
(ii) 1. Was licensed as a commercial fishing guide under the
provisions of § 4-210 of this article; and
2. Used the vessel as a charter boat with a license as
provided in § 4-745(d)(2) of this article; or
(10) The possession within the State of a vessel that:
(i) Is owned by a nonprofit organization that:
1. Is qualified as tax exempt under § 501(c)(4) of the Internal
Revenue Code; and
1. Is engaged in providing a program to render its best
efforts to contain, clean up, and otherwise mitigate spills of oil or other substances
occurring in United States coastal and tidal waters; and
(ii) Is used for the purposes of the organization.
(g) (1) A person may claim a credit against any tax imposed under
subsection (e) of this section on a vessel for sales tax the person has paid to the State,
to another state, or to the District of Columbia on materials and equipment that are
incorporated into the vessel, if:
(i) 1. The person is licensed by the Department to catch, for
commercial purposes, finfish, eels, crabs, conch, [terrapin,] soft shell clams,
hard shell clams, oysters, or any other fish; and
2. The vessel is to be used for any of the commercial fishing
purposes described in item 1 of this item; or
(ii) 1. Was licensed as a commercial fishing guide under the
provisions of § 4-210 of this article; and
2. Used the vessel as a charter boat with a license as
provided in § 4-745(d)(2) of this article.
(2) The Department may require a person claiming the credit allowed
under this subsection to submit satisfactory proof of payment of the sales tax and that
the materials or equipment have been incorporated into the vessel.
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- 2437 -
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