WILLIAM DONALD SCHAEFER, Governor                      H.B. 1322

(C) THE PROPERTY TAX FOR REFUELING EQUIPMENT OR MACHINERY USED
ONLY TO DISPENSE CLEAN CLEAN-BURNING FUELS INTO MOTOR VEHICLES IS THE
APPLICABLE TAX RATE APPLIED TO:

(1)      20% OF THE ASSESSED VALUE IN TAXABLE YEAR 1998;

(2)      40% OF THE ASSESSED VALUE IN TAXABLE YEAR 1999;

(3)      60% OF THE ASSESSED VALUE IN TAXABLE YEAR 2000;

(4)      80% OF THE ASSESSED VALUE IN TAXABLE YEAR 2001; AND

(5)      100% OF THE ASSESSED VALUE IN TAXABLE YEAR 2002 AND EACH
TAXABLE YEAR THEREAFTER.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1993, and shall be applicable to all taxable years beginning after June 30, 1994.

May 27, 1993

The Honorable R. Clayton Mitchell, Jr.
Speaker of the House of Delegates
State House
Annapolis, Maryland 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed House Bill 1322.

This bill would make general revisions to the income tax treatment of trusts and estates.

Senate Bill 733, which was passed by the General Assembly and signed by me on May 11,
1993, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 1322.

Sincerely,

William Donald Schaefer

Governor

House Bill No. 1322

AN ACT concerning

Income Taxation of Trusts and Estates

FOR the purpose of altering the determination of residency under the income tax for a
fiduciary other than a personal representative of an estate; providing an addition
modification for capital losses derived from the disposition of certain intangible
personal property held in trust; altering a subtraction modification for certain
income derived from intangible personal property held in trust; altering, as to
fiduciaries, the credit for taxes on income paid to another state; allowing a fiduciary

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