ROBERT L. EHRLICH, JR., Governor                           H.B. 753

[(g)] (F) All amounts received from any dealer under this section shall be
credited:

(1) First, to any penalty and interest accrued under this section; and

(2) Then, to the tax due.

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

Article—Tax—General

[11-105.

(a)     Except as provided in subsection (b) of this section, a person who timely
files a sales and use tax return is allowed, for the expense of collecting and paying the
tax, a credit equal to 0.9% of the gross amount of sales and use tax that the person is
to pay to the Comptroller.

(b)     (1) Subject to paragraph (2) of this subsection, the credit allowed under
this section is 1.2% of the first $6,000 of the gross amount of sales and use tax that
the person is to pay with each return.

(2) For a vendor who files or is eligible to file a consolidated return under
§ 11-502 of this title, the credit allowed under paragraph (1) of this subsection is 1.2%
of the first $6,000 of the gross amount of sales and use tax that the person is or would
be required to pay with the consolidated return.]

Article—Transportation

13-812.

[(a) For collecting and remitting the tax, a licensed dealer who, on behalf of the
Administration, collects the excise tax imposed by this part may keep the lesser of $24
per vehicle or 1.2 percent of the gross excise tax the dealer collects.]

[(b)] (A) Each dealer who collects any tax or fee required for titling a vehicle
shall:

(1) Keep complete and accurate records of each taxable sale, together
with a record of the tax collected on the sale;

(2) Keep copies of every invoice, bill of sale, and other pertinent
documents and records, in the form that the Administration requires; and

(3) Preserve these records in original form for at least 3 years, unless the
Administration consents in writing to their earlier destruction or, by order, requires
that they be kept for a longer period.

[(c)] (B) Each dealer who collects any tax or fee required for titling a vehicle
shall, during business hours, allow any representative of the Administration and any
police officer full access to records required to be kept under subsection [(b)] (A) of
this section.

- 3765 -