WILLIAM DONALD SCHAEFER, Governor Ch. 730

OR EXCISE TAX FOR EXCISE TAX ON A VESSEL FORMERLY PAID TO THIS
STATE.

(2)  FOR A VESSEL DESCRIBED IN PARAGRAPH (1) OF THIS
SUBSECTION:

(I)  IF THE RATE OF THE TAX PAID TO THE OTHER
STATE JURISDICTION IS NOT LESS THAN THE RATE UNDER SUBSECTION (C)
OF THIS SECTION, THE TAX IMPOSED UNDER SUBSECTION (C) DOES NOT
APPLY TO POSSESSION OF THE VESSEL WITHIN THIS STATE;

(II)  IF THE RATE OF THE TAX PAID TO THE OTHER
STATE JURISDICTION IS LESS THAN THE RATE UNDER SUBSECTION (C) OF
THIS SECTION, THE RATE OF THE TAX IMPOSED UNDER SUBSECTION (C) ON
POSSESSION OF THE VESSEL WITHIN THIS STATE IS THE DIFFERENCE
BETWEEN THE TAX RATE PAID TO THE OTHER STATE JURISDICTION AND THE
RATE UNDER SUBSECTION (C); AND

(III)  THE DEPARTMENT MAY REQUIRE THE APPLICANT
FOR TITLING TAXPAYER TO SUBMIT SATISFACTORY PROOF OF THE PAYMENT
OF A TAX TO ANOTHER STATE JURISDICTION AND THE RATE OF TAX PAID
AND, WHERE APPLICABLE, EVIDENCE OF PRINCIPAL USE OF A FEDERALLY
DOCUMENTED VESSEL IN ANOTHER JURISDICTION.

(3) THIS SUBSECTION IS APPLICABLE TO ANY VESSEL
INCURRING A LIABILITY FOR MARYLAND BOAT EXCISE TAX ON OR AFTER
JULY 1, 1986.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 27, 1988.

CHAPTER 730

(House Bill 1292)

AN ACT concerning

Education - Aid to Nonpublic Institutions

FOR the purpose of expanding the eligibility requirements for the
Aid to Nonpublic Institutions Program to permit a private
nonprofit institution of higher education that grants only

an associate of arts degree or is ineligible for

accreditation by a certain Commission on Higher Education
certain institutions of higher education to qualify for
certain State aid under certain conditions; making certain
technical changes; providing for a delayed effective date;

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