S.B. 712

VETOES

the consideration for the sale; repealing the termination of continuing for a
certain length of time certain provisions that provide that certain definitions do
not apply to the calculation of the vehicle excise tax imposed on a motor home or
a travel trailer until certain bonds are no longer outstanding and unpaid;
requiring the Department of Transportation to submit a certain report by a
certain date; and generally relating to travel trailers and motor homes.

BY repealing and reenacting, without amendments,
Article - Transportation
Section 13-809(a)
Annotated Code of Maryland
(2002 Replacement Volume and 2003 Supplement)

BY repealing and reenacting, without amendments,

Chapter 361 of the Acts of the General Assembly of 2001
Section 3

BY repealing and reenacting, with amendments,

Chapter 361 of the Acts of the General Assembly of 2001
Section 5

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, 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) Except as provided in item (iv) of this paragraph, 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

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