ROBERT L. EHRLICH, JR., Governor                           H.B. 454

2. Without issuing multiple certificates of title or charging
additional fees.                                                                                                         

(iii) Except as provided in subsection (b)(2) of this section, the
minimum tax imposed under this section shall be $100.

SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Transportation

13-809.

(a) (1) In this section the following words have the meanings indicated.

(2)     "Fair market value" means:

(i) As to the sale of any new or used vehicle by a licensed dealer, the
total purchase price, as certified by the dealer;

(ii) As to a used vehicle that is sold by any person other than a
licensed dealer and that has a designated model year that is 7 years old or older, the
greater of:

1. The total purchase price; or

2. $640;

(iii) As to any other used vehicle that is sold by any person other than
a licensed dealer:

1. The total purchase price, if the total purchase price is less
than $500 below the retail value of the vehicle as shown in a national publication of
used car values adopted for use by the Department; or

2. If the total purchase price is $500 or more below the retail
value of the vehicle as shown in a national publication of used car values adopted for
use by the Department:

A.       The total purchase price, if verified to the satisfaction of the
Administration by a notarized bill of sale submitted in accordance with subsection
(d)(2) of this section; or

B.       The valuation shown in the national publication of used
car values, if the Administration finds that the documentation submitted under
subsection (d)(2) of this section fails to verify the total purchase price; and

(iv) In any other case, the valuation shown in a national publication
of used car values adopted for use by the Department.

(3)     "Total purchase price" means the price of a vehicle agreed on by the
buyer and the seller, INCLUDING ANY DEALER PROCESSING CHARGE, with no
allowance for trade-in or other nonmonetary consideration.

SECTION 4. AND BE IT FURTHER ENACTED, That Section 3 of this Act shall

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