WILLIAM DONALD SCHAEFER, Governor Ch. 291

(2)  Determining the 6 month average wholesale value
per gallon of non-premium unleaded motor vehicle fuel purchased
in this State, based on prices reported during October through
March, and announcing this value by April 15; and

(3)  Determining the 6 month average wholesale value
per gallon of non-premium unleaded motor vehicle fuel purchased
in this State, based on prices reported during April through
September, and announcing this value by October 15.]

(B)(1) FOR FISCAL YEAR 1989 AND EACH FISCAL YEAR

THEREAFTER, THE COMPTROLLER SHALL DETERMINE THE MOTOR VEHICLE
FUEL TAX RATE BY MULTIPLYING THE COST INDEX FACTOR BY THE FUEL
CONSUMPTION FACTOR BY THE CURRENT TAX RATE.

(2) FOR THE PURPOSE OF THE COMPUTATION IN PARAGRAPH
(1) OF THIS SUBSECTION, THE COST INDEX FACTOR SHALL BE DERIVED
FOR ANY GIVEN YEAR BY DIVIDING THE FEDERAL HIGHWAY COST INDEX FOR
THE CALENDAR YEAR PRECEDING JULY 1 OF EACH YEAR BY THE FEDERAL
HIGHWAY COST INDEX FOR THE PRIOR PRECEDING CALENDAR YEAR.

(3) FOR THE PURPOSES OF THE COMPUTATION IN PARAGRAPH
(1) OF THIS SUBSECTION, THE FUEL CONSUMPTION FACTOR SHALL BE
DERIVED FOR ANY GIVEN YEAR BY DIVIDING THE TAXABLE GALLONS OF
MOTOR VEHICLE FUEL SOLD IN THE CALENDAR YEAR PRECEDING JULY 1 OF
THE YEAR INTO THE TAXABLE GALLONS OF MOTOR VEHICLE FUEL SOLD IN
THE PRIOR PRECEDING CALENDAR YEAR. THE TAXABLE GALLONS OF MOTOR
VEHICLE FUEL SOLD IN A CALENDAR YEAR SHALL BE THOSE AS REPORTED
BY THE MOTOR VEHICLE FUEL TAX DIVISION.

(4) THE MOTOR VEHICLE FUEL TAX RATE AS DETERMINED IN
PARAGRAPH (2) OF THIS SUBSECTION SHALL BE ROUNDED TO THE NEAREST
EVEN TENTH OF A CENT. IF THE AMOUNT COMPUTED IN PARAGRAPH (1) OF
THIS SUBSECTION IS LESS THAN OR EQUAL TO 18.5 CENTS, THE TAX RATE
SHALL BE 18.5 CENTS.

(5) IF THE FEDERAL HIGHWAY COST INDEX IS NOT

AVAILABLE IN SUFFICIENT TIME FOR THE COMPTROLLER TO MAKE THE
DETERMINATION AND ANNOUNCEMENT REQUIRED BY SECTION 136(G) OF THIS
ARTICLE, THE COMPTROLLER SHALL USE THE CONSUMER PRICE INDEX D
PUBLISHED BY THE UNITED STATES BUREAU OF LABOR STATISTICS FOR THE
PURPOSE OF MAKING THE COMPUTATION IN PARAGRAPH (1) OF THIS
SUBSECTION.

Article 81 - Revenue and Taxes

288.

(c) In addition to the tax imposed elsewhere in this
subtitle upon the net income of every corporation (domestic or
foreign), there is hereby annually levied and imposed a tax on
the net income of every corporation (domestic or foreign) at the
rate of 0.75% of such portion thereof as is allocable to this

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