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WILLIAM DONALD SCHAEFER, Governor
Ch. 254
CHAPTER 254
(Senate Bill 620)
AN ACT concerning
Short-Term Rentals of Passenger Cars and, Multipurpose Vehicles, and Trucks -
Taxation
FOR the purpose of altering the distribution of the sales and use tax revenue collected
from short term rental of passenger cars and multipurpose passenger vehicles;
altering the sales and use tax rate for short-term rentals of passenger cars and
multipurpose passenger vehicles; exempting certain passenger cars and
multipurpose passenger vehicles acquired for short term rental purposes from the
motor vehicle titling tax; altering the taxable price for certain short-term vehicle
rentals; providing a certain credit for the vehicle excise taxes paid on the purchase
of certain passenger cars and multipurpose vehicles for use as short-term rental
vehicles; imposing a certain surcharge on short term vehicle rental agreements of
certain operators at the Baltimore Washington International Airport; requiring that
the Department of Fiscal Services prepare a certain report; specifying that the
Department of Fiscal Services may request certain information for the preparation of the
report; specifying certain information to be contained in the report; providing for the
application of this Act; providing for the retrospective application of certain provisions
of this Act; providing for the termination of this Act; and generally relating to the
taxation of certain short-term rental vehicles under the sales and use tax and the
motor vehicle titling tax and the distribution of certain tax revenues.
BY adding to
Article - Tax - General
Section 11-101(i)(4) and 11-104(c)(3)
Annotated Code of Maryland
(1988 Volume and 1992 Supplement)
BY repealing and reenacting, with amendments,
Article - Tax - General
Section 2-1303 and 11-104(c)(2) and 11-106
Annotated Code of Maryland
(1988 Volume and 1992 Supplement)
BY adding to
Article—Tax—General
Section 2-1304
Annotated Code of Maryland
(1988 Volume and 1992 Supplement)
BY repealing and reenacting, with amendments,
Article—Transportation
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