Ch. 658

1996 LAWS OF MARYLAND

(3) A vehicle transferred from an individual to a partnership, LIMITED
LIABILITY COMPANY, or corporation or from a partnership, LIMITED LIABILITY
COMPANY, or corporation to a subpartnership, SUBSIDIARY LIMITED LIABILITY
COMPANY, or subsidiary corporation, if the individual, [partner,] PARTNERSHIP,
LIMITED LIABILITY COMPANY, or corporation is a partner, MEMBER, or principal
stockholder of the newly formed partnership, subpartnership, LIMITED LIABILITY
COMPANY, SUBSIDIARY LIMITED LIABILITY COMPANY, corporation, or subsidiary
corporation, as the case may be;

(4) A vehicle transferred to a legal heir, legatee, or distributee;

(5) A vehicle involuntarily transferred as a result of divorce or separation
proceedings;

(6) A vehicle that is jointly owned and transferred to the name of one of the
owners, if the transferee can establish to the satisfaction of the Administration that the
transferor did not pay any part of the original purchase price of the vehicle or any
applicable taxes or fees for the vehicle;

(7) A vehicle transferred by a corporation to its stockholder or stockholders
OR BY A LIMITED LIABILITY COMPANY TO ITS MEMBER OR MEMBERS as a liquidating
distribution of tangible personal property where the vehicle or vehicles transferred are
not a principal or substantial asset of the corporation OR LIMITED LIABILITY COMPANY
as determined by the Administration; or

(8) A vehicle transferred as a result of a reorganization within the meaning
of § 368(a) of the Internal Revenue Code.

SECTION 2. AND BE IT FURTHER ENACTED, That the changes made to §
10-819 of the Tax—General Article by this Act shall bo applicable to all taxable years
beginning after December 31, 1995.

SECTION 3. 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1996.

Approved May 23, 1996.

CHAPTER 658
(House Bill 1326)

AN ACT concerning

Cecil County — Road Construction Districts

FOR the purpose of authorizing the Board of County Commissioners for Cecil County to
establish road construction districts if a certain number of property owners present
a written petition to the County Commissioners; requiring the County
Commissioners to provide certain notice and conduct a public hearing on the
petition; requiring the County Commissioners to determine the scope and feasibility

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