Ch. 245

LAWS OF MARYLAND

the newly formed partnership, subpartnership, corporation, or
subsidiary corporation, as the case may be;

(4)  A vehicle transferred to a legal heir, legatee,
or distributee;

(5)  A vehicle involuntarily transferred as a result
of divorce or separation proceedings;

(6)  A vehicle that is jointly owned and transferred
to the name of one of the owners, if the transferee can establish
to the satisfaction of the Administration that the transferor did
not pay any part of the original purchase price of the vehicle or
any applicable taxes or fees for the vehicle;

(7)  A vehicle transferred by a corporation to its
stockholder or stockholders as a liquidating distribution of
tangible personal property where the vehicle or vehicles
transferred are not a principal or substantial asset of the
corporation as determined by the Administration; or

(8)  A vehicle transferred as a result of a
reorganization within the meaning of § 368(a) or in accordance
with § 371 or § 374 of the Internal Revenue Code of 1954.

[(c)] (D) The Administration may exempt from the excise tax
imposed by this part any vehicle of a law enforcement agency of
the United States or of any other state, if the United States or
other state provides a reciprocal exemption for law enforcement
vehicles of this State.

(E) IF THE OWNER OF A VEHICLE THAT IS EXEMPT UNDER

SUBSECTION (A)(17) OR (18) OF THIS SECTION FROM THE VEHICLE

EXCISE TAX, SUBSEQUENTLY REGISTERS THE VEHICLE UNDER § 13-924 ANY

OTHER SECTION OF THIS TITLE THE OWNER SHALL PAY THE EXCISE TAX

BASED ON THE FAIR MARKET VALUE OF THE VEHICLE AT THE TIME THE
EXEMPTION WAS INITIALLY GRANTED.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Transportation

13-923.

(a)  When registered with the Administration, every truck
tractor or similar motor vehicle used for propelling, supporting,
or drawing a trailer or semitrailer is a Class F (tractor)
vehicle.

(b)   [Except as otherwise provided in subsection (c) of this
section, for] FOR each Class F (tractor) vehicle, the annual

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