3184

LAWS OF MARYLAND

Ch. 828

shall be credited by the Department to the general funds of the
State in accordance with § 8-716(f) of the Natural Resources
Article.

SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article 81 - Revenue and Taxes -

326.

The tax hereby levied does not apply to the following sales:

(g-1) Sales of new or used vessels [upon which] SUBJECT TO
the excise tax [levied and] imposed by § 8-716 of the Natural
Resources Article of the Code[, is collected by the Department of
Natural Resources]. The exemption shall not be applicable to the
leasing or rental of new or used vessels.

375.

The use, storage or consumption in this State of the
following tangible personal property is hereby specifically
exempted from the tax imposed by this subtitle:

(d) Tangible personal property purchased or acquired prior
to coming into this State by a person a nonresident thereof for
his, her, or its or their own use or enjoyment while temporarily
in this State, or for such other use as the Comptroller may by
regulation specify, so long as such property does not remain in
this State for more than 30 days.

This section shall not apply to any property which is
brought into this State for the purpose of engaging in or
carrying on any business or for the purpose of making a profit,
other than tangible personal property which is brought into this
State temporarily for the purpose of use in or in conjunction
with the presentation of any sporting event, exhibition, exhibit,
show, or other public performance or display and which is not
intended to and does not become permanently located in this
State. Any of the above tangible personal property which remains
in this State for more than 30 days shall be conclusively
presumed to be permanently located in this State and shall be
subject to taxation under this subtitle[, except insofar as
federal law provides an exemption from taxation for vessels or
other property which is temporarily in this State "for any longer
period of time].

[(e) A vessel that is purchased or acquired prior to coming
into this State by a nonresident of this State and:

(1) Remains in this State for not more than 180 days;
or