Ch. 255

1993 LAWS OF MARYLAND

(4)     Possible changes to the structure of taxation as set forth in this Act, to
remain consistent with the intent of this Act to provide a change in taxation on the rental
vehicle industry, expecting to generate a revenue stream to each of the General Fund and the
Transportation Trust Fund, equivalent to that which would have been received for the coming
fiscal years under the law in effect on January 1, 1993;

(5)     Any additional types of data or information that would be useful for further
analysis of the rental vehicle industry or the taxes levied by the State on the industry; and

(6)     Any other relevant information or policy options arising from the further
collection of data or experience under the provisions of this Act.

         SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take

effect June 1, 1993. It shall remain effective for a period of 2 years and 1 month and, at the
end of June 30, 1995, with no further action required by the General Assembly, this Act shall
be abrogated and of no further force and effect. The increased sales and use tax rate for
short-term rentals of passenger cars and multipurpose passenger vehicles provided under
this Act shall be applicable to all transactions completed charges for rental agreements
entered into on or after June 1, 1993, and the motor vehicle titling tax exemption for
rental passenger cars and rental multipurpose passenger vehicles under this Act shall be
applicable to all vehicles titled on or after June 1, 1993. 1993 and before the termination of
this Act. The altered definition of taxable price for short-term vehicle rentals and the
sales and use tax surcharge rate provided under this Act shall be applicable to all rental
agreements entered into on or after June 1, 1993 and before the termination of this Act. The
credit for the vehicle excise tax on purchases of passenger cars and multipurpose vehicles
used for short-term rentals provided under this Act shall apply to all vehicles titled on or
after June 1, 1993 May 1, 1993 and before the termination of this Act, provided that these
credits may not be used to offset sales tax remittances until after July 1, 1993.

Approved May 11, 1993.

CHAPTER 255
(Senate Bill 635)

AN ACT concerning

Income Tax - Itemized Deductions - State and Local Income Taxes

FOR the purpose of altering, for purposes of determining itemized deductions allowed
for Maryland income tax purposes, the treatment of certain reductions required
under the federal income tax; providing for the application of this Act; and
generally relating to itemized deductions under the Maryland income tax.

BY repealing and reenacting, with amendments,
Article - Tax - General
Section 10-218
Annotated Code of Maryland          

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