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Ch. 296
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2000 LAWS OF MARYLAND
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(2) A CREDIT IS NOT ALLOWED FOR A VEHICLE UNDER THIS
SUBSECTION FOR A VEHICLE THAT IS NOT TITLED AND REGISTERED IN THE STATE.
(D) (1) EXCEPT AS OTHERWISE PROVIDED IN THIS SUBSECTION, FOR EACH
QUALIFIED HYBRID VEHICLE PLACED IN SERVICE DURING THE TAXABLE YEAR THAT
HAS A RECHARGEABLE ENERGY STORAGE SYSTEM THAT PROVIDES AT LEAST 5% OF
THE CHICLE'S MAXIMUM AVAILABLE POWER, THE CREDIT ALLOWED UNDER THIS
SECTION INCLUDES;
(B) (1) EXCEPT AS PROVIDED IN SUBSECTION (E) OF THIS SECTION, A
CREDIT IS ALLOWED AGAINST THE EXCISE TAX IMPOSED FOR A QUALIFIED
ELECTRIC VEHICLE OR A QUALIFIED HYBRID VEHICLE.
(2) SUBJECT TO THE LIMITATIONS UNDER SUBSECTIONS (C) AND (D) OF
THIS SECTION, THE CREDIT ALLOWED UNDER THIS SECTION EQUALS 100% OF THE
EXCISE TAX IMPOSED FOR A VEHICLE.
(3) THE CREDIT ALLOWED UNDER THIS SECTION DOES NOT APPLY TO A
VEHICLE TITLED ON OR AFTER JULY 1, 2004.
(C) FOR A QUALIFIED ELECTRIC VEHICLE, THE CREDIT ALLOWED UNDER
THIS SECTION MAY NOT EXCEED $2,000.
(D) (1) FOR A QUALIFIED HYBRID VEHICLE THAT HAS A RECHARGEABLE
ENERGY STORAGE SYSTEM THAT PROVIDES AT LEAST 5% OF THE VEHICLES
MAXIMUM AVAILABLE POWER, SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION,
THE CREDIT ALLOWED UNDER THIS SECTION MAY NOT EXCEED:
(I) $250 IF THE VEHICLES RECHARGEABLE ENERGY STORAGE
SYSTEM PROVIDES AT LEAST 5% BUT LESS THAN 10% OF THE MAXIMUM AVAILABLE
POWER;
(II) $500 IF THE VEHICLE'S RECHARGEABLE ENERGY STORAGE
SYSTEM PROVIDES AT LEAST 10% BUT LESS THAN 20% OF THE MAXIMUM AVAILABLE
POWER;
(III) $750 IF THE VEHICLES RECHARGEABLE ENERGY STORAGE
SYSTEM THAT PROVIDES AT LEAST 20% BUT LESS THAN 30% OF THE MAXIMUM
AVAILABLE POWER; OR
(IV) $1,000 IF THE VEHICLE'S RECHARGEABLE ENERGY STORAGE
SYSTEM THAT PROVIDES AT LEAST 30% OF 30% OF THE MAXIMUM AVAILABLE POWER
(2) IF THE A QUALIFIED HYBRID VEHICLE ACTIVELY EMPLOYS A
REGENERATIVE BRAKING SYSTEM THAT SUPPLIES TO THE RECHARGEABLE ENERGY
STORAGE SYSTEM AT LEAST 20% OF THE ENERGY AVAILABLE FROM BRAKING IN A
TYPICAL 60 MILES PER HOUR TO 0 MILES PER HOUR BRAKING EVENT, THE MAXIMUM
CREDIT AMOUNT DETERMINED UNDER PARAGRAPH (1) OF THIS SUBSECTION SHALL
BE INCREASED BY:
(I) $125 IF THE VEHICLE'S REGENERATIVE BRAKING SYSTEM
SUPPLIES TO THE RECHARGEABLE ENERGY STORAGE SYSTEM AT LEAST 20% BUT
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- 1738 -
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