WILLIAM DONALD SCHAEFER, Governor

Ch. 1

remitted to the State Comptroller's Office by June 30, 1992 and shall be credited to the
State General Fund for Fiscal Year 1992. Except as provided above, on and after May 1,
1992, no Maryland stamp shall be used except the stamp issued by the Comptroller to
evidence the tobacco tax of 36 cents imposed by this Act.

SECTION 10. AND BE IT FURTHER ENACTED, That, except as otherwise
provided in this section, Section 2 of this Act shall take effect May 1, 1992. The changes
made to the credit under § 11-106 of the Tax - General Article by Section 2 of this Act
do not apply to any credit for excise tax on a rental vehicle that the vendor paid before
May 1, 1992. The changes made to § 11-206(c) of the Tax - General Article shall take
effect June 1, 1992. Until June 1, 1992, the sales and use tax does not apply to credit
reporting or security services. Until July 1, 1992, the sales and use tax does not apply to
the cleaning of commercial or industrial buildings. Until January 1, 1993, the sales and
use tax does not apply to the printing and sale of newspapers that are sold through
vending machines.

SECTION 11. AND BE IT FURTHER ENACTED, That Section 3 of this Act
shall take effect July 1, 1992 and shall be applicable to the public service company
franchise tax with respect to gross receipts from service provided on or after July 1, 1992.

SECTION 12. AND BE IT FURTHER ENACTED, That Section 4 of this Act
shall take effect January 1, 1993 and shall be applicable to tax credits attributable to all
calendar years beginning after December 31, 1992 and paid after December 31, 1993.

SECTION 13. AND BE IT FURTHER ENACTED, That Section 5 of this Act
shall take effect July 1, 1992; provided, however, that:

(1)     The changes made to the Business Regulation Article shall take effect
October 1, 1992;

(2)     The changes made to the Business Regulation Article and to Article 2B
of the Code shall be applicable to licenses and permits issued, renewed, or transferred on
or after May 1, 1993;

(3)     The tax clearance requirements imposed under § 1-203 of the Business
Occupations and Professions Article shall be applicable to licenses and permits issued or
renewed on or after January 1, 1993; and

(4)     The repeal of § 11-407 of the Tax - General Article and the changes
made to § 11-601 of the Tax - General Article shall take effect July 1, 1993.

SECTION 14. AND BE IT FURTHER ENACTED, That, except as otherwise
provided in this section, Section 6 of this Act shall be applicable to all taxable years
beginning after December 31, 1991. The changes made under Section 6 of this Act
regarding payment of estimated taxes shall be applicable to payments of estimated taxes
due on or after July 1, 1992. For income taxes payable for taxable years beginning before
January 1, 1993, the Comptroller shall waive any interest or penalty for underpayment of
estimated income tax by a fiduciary to the extent the Comptroller determines the
underpayment is attributable to the fiduciary's failure to make quarterly estimated tax
payments prior to July 1, 1992.

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