PARRIS N. GLENDENING, Governor                          H.B. 1322

INSURER FOR THE CHILDREN OF A QUALIFIED EMPLOYMENT OPPORTUNITY
EMPLOYEE AS PROVIDED UNDER ARTICLE 88A § 56 OF THE CODE

SECTION 3. AND BE IT FURTHER ENACTED, That:

(a)     this Act shall be applicable to all taxable years beginning after
December 31, 1995, but before January 1, 2002;

(b)     the tax credit under Article 48A, § 633 of the Code and § 6-105.1 of the
Insurance Article shall be allowed only for employees hired on or after June 1, 1995, but
before July 1, 1998; and

(c)     any excess credits may be carried forward and, subject to the limitations
of Article 48A, § 56 of the Code, may be applied as a credit for taxable years beginning on
or after January 1, 2002.

SECTION 4. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall
take effect October 1, 1997.

SECTION 5. AND BE IT FURTHER ENACTED, That, except as provided in
Section 4 of this Act, this Act shall take effect July 1, 1996 and shall remain in effect for
a period of 2 years and at the end of June 30, 1998, with no further action required by the
General Assembly, this Act shall be abrogated and of no further force and effect.

May 23, 1996

The Honorable Casper R. Taylor, Jr.
Speaker of the House
State House
Annapolis MD 21401

Dear Mr. Speaker:

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

This bill authorizes the owner of certain replacement vehicles to satisfy the insurance
requirement for a vehicle by maintaining an excess insurance policy which covers a motor
vehicle under certain circumstances. The renter or individual to whom the replacement
vehicle is loaned must sign an agreement that informs the individual that the insurance
coverage provided the owner is excess only.

Senate Bill 604, which was passed by the General Assembly and signed by me on this
date, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 1322.

Sincerely,

Parris N. Glendening

Governor

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