Ch. 382

1997 LAWS OF MARYLAND

to certain nonprofit marine spill response organizations; providing an exemption
from property tax for certain personal property owned by certain nonprofit marine
spill response organizations; and providing for the application of this Act.

BY repealing and reenacting, with amendments,
Article - Natural Resources
Section 8-716(e)
Annotated Code of Maryland
(1990 Replacement Volume and 1996 Supplement)

BY repealing and reenacting, with amendments,
Article - Tax - Genera]
Section 11-204(a)
Annotated Code of Maryland
(1988 Volume and 1996 Supplement)

BY adding to

Article - Tax - Property
Section 7-240

Annotated Code of Maryland

(1994 Replacement Volume and 1996 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Natural Resources

8-716.

(e) A person is not required to pay the tax provided for in subsection (c) of this
section resulting from:

(1) A transfer between members of the immediate family as determined by
Department regulations;

(2) A transfer to a licensed dealer of a vessel for resale, rental, or lease

purposes;

(3) Purchase of a vessel bv the State or any political subdivision;

(4) Purchase of a vessel by an eleemosynary organization which the
Secretary has approved;

(5) The purchase within the State of a vessel if the owner paid or incurred a
liability for the Maryland sales and use tax on the vessel prior to July 1, 1986;

(6) The possession within the State of a vessel which was purchased outside
the State if the owner paid or incurred a liability for the Maryland Use Tax on the vessel
prior to July 1, 1986;

(7) The possession of a vessel that was purchased or acquired prior to

- 2578 -