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PARRIS N. GLENDENING, Governor H.B. 1154
(7) "CREDIT CARD" MEANS CREDIT. TRAVEL, OR ENTERTAINMENT
CARD.
(8) "CREDIT CARD ISSUER'S REIMBURSEMENT FEE" MEANS THE FEE A
BANK OR TRUST COMPANY RECEIVES FROM A MERCHANT'S BANK BECAUSE ONE OF
THE PERSONS TO WHOM THE BANK OR TRUST COMPANY HAS ISSUED A CREDIT
CARD HAS CHARGED MERCHANDISE OR SERVICES TO THE CREDIT CARD.
(9) "EMPLOYEE" MEANS. WITH RESPECT TO A PARTICULAR BANK OR
TRUST COMPANY. ANY INDIVIDUAL WHO. UNDER THE USUAL COMMON LAW RULES
APPLICABLE IN DETERMINING THE EMPLOYER EMPLOYEE RELATIONSHIP. HAS THE
STATUS OF AN EMPLOYEE OF THAT BANK OR TRUST COMPANY.
(10) (I) "GROSS RENTS" MEANS THE ACTUAL SUM OF MONEY OR
OTHER CONSIDERATION PAYABLE FOR THE USE OR POSSESSION OF PROPERTY.
(II) "GROSS RENTS" INCLUDES?
1. ANY AMOUNT PAYABLE FOR THE USE OR POSSESSION OF
REAL PROPERTY OR TANGIBLE PROPERTY WHETHER DESIGNATED AS A FIXED SUM
OF MONEY OR AS A PERCENTAGE OF RECEIPTS. PROFITS. OR OTHERWISE;
2. ANY AMOUNT PAYABLE AS ADDITIONAL RENT OR IN
LIEU OF RENT. SUCH AS INTEREST. TAXES. INSURANCE, REPAIRS. OR ANY OTHER
AMOUNT REQUIRED TO BE PAID BY THE TERMS OF A LEASE OR OTHER
ARRANGEMENT; AND
3. A PROPORTIONATE PART OF THE COST OF ANY
IMPROVEMENT TO REAL PROPERTY MADE BY OR ON BEHALF OF THE BANK OR
TRUST COMPANY WHICH REVERTS TO THE OWNER OR LESSOR UPON TERMINATION
OF A LEASE OR OTHER ARRANGEMENT. THE AMOUNT TO BE INCLUDED IN GROSS
RENTS IS THE AMOUNT OF AMORTIZATION OR DEPRECIATION ALLOWED IN
COMPUTING THE TAXABLE INCOME BASE FOR THE TAXABLE YEAR. HOWEVER,
WHERE A BUILDING IS ERECTED ON LEASED LAND BY OR ON BEHALF OF THE BANK
OR TRUST COMPANY. THE VALUE OF THE LAND IS DETERMINED BY MULTIPLYING
THE GROSS RENT BY EIGHT AND THE VALUE OF THE BUILDING IS DETERMINED IN
THE SAME MANNER AS IF OWNED BY THE BANK OR TRUST COMPANY.
(III) "GROSS RENTS" DOES NOT INCLUDE:
1. REASONABLE AMOUNTS PAYABLE AS SEPARATE
CHARGES FOR WATER AND ELECTRIC SERVICE FURNISHED BY THE LESSOR;
2. REASONABLE AMOUNTS PAYABLE AS SERVICE CHARGES
FOR JANITORIAL SERVICES FURNISHED BY THE LESSOR;
3. REASONABLE AMOUNTS PAYABLE FOR STORAGE,
PROVIDED SUCH AMOUNTS ARE PAYABLE FOR SPACE NOT DESIGNATED AND NOT
UNDER THE CONTROL OF THE BANK OR TRUST COMPANY; AND
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