Maryland 2024 Regular Session

Maryland House Bill HB925 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4	[Brackets] indicate matter deleted from existing law.
5	5	hb0925
6	6
7	7	HOUSE BILL 925
8	8	Q5 4lr1843
9	9
10	10	By: Delegate Fair
11	11	Introduced and read first time: February 2, 2024
12	12	Assigned to: Ways and Means
13	13
14	14	A BILL ENTITLED
15	15
16	16	AN ACT concerning 1
17	17
18	18	Vehicle Excise Tax – Rate Increase 2
19	19
20	20	FOR the purpose of increasing the vehicle excise tax rate; and generally relating to the 3
21	21	vehicle excise tax. 4
22	22
23	23	BY repealing and reenacting, without amendments, 5
24	24	Article – Transportation 6
25	25	Section 13–809(b) 7
26	26	Annotated Code of Maryland 8
27	27	(2020 Replacement Volume and 2023 Supplement) 9
28	28
29	29	BY repealing and reenacting, with amendments, 10
30	30	Article – Transportation 11
31	31	Section 13–809(c) 12
32	32	Annotated Code of Maryland 13
33	33	(2020 Replacement Volume and 2023 Supplement) 14
34	34
35	35	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 15
36	36	That the Laws of Maryland read as follows: 16
37	37
38	38	Article – Transportation 17
39	39
40	40	13–809. 18
41	41
42	42	(b) (1) Except as otherwise provided in this part, in addition to any other 19
43	43	charge required by the Maryland Vehicle Law, an excise tax is imposed: 20
44	44
45	45	(i) For each original and each subsequent certificate of title issued 21
46	46	in this State for a motor vehicle, a trailer, a semitrailer, a moped, a motor scooter, or an 22
47	47	off–highway recreational vehicle for which sales and use tax is not collected at the time of 23
48	48	purchase; and 24 2 HOUSE BILL 925
49	49
50	50
51	51
52	52	(ii) Except as provided in paragraph (2) of this subsection, for each 1
53	53	motor vehicle, trailer, or semitrailer that is in interstate operation and registered under § 2
54	54	13–109(c) or (d) of this title without a certificate of title. 3
55	55
56	56	(2) (i) An excise tax of $50 is imposed for the registration of a trailer 4
57	57	exempt from the titling requirement under § 13–102(12) of this title. 5
58	58
59	59	(ii) In a case where the fair market value as defined in subsection 6
60	60	(a)(2)(iii)2A of this section applies, the excise tax imposed under this part may not be less 7
61	61	than $32. 8
62	62
63	63	(3) A political subdivision of the State may not impose a sales tax, a use 9
64	64	tax, or excise tax on the issuance of a motor vehicle certificate of title. 10
65	65
66	66	(c) (1) Except as provided in subsection (b)(2) of this section, the tax imposed 11
67	67	by this section is [6 percent] 6.5% of the fair market value of the vehicle. 12
68	68
69	69	(2) If the vehicle formerly was a vehicle exempt from the tax imposed by 13
70	70	this section, the tax shall be reduced by any amount previously paid by the present owner 14
71	71	as a sales and use tax on the vehicle under Title 11 of the Tax – General Article. 15
72	72
73	73	(3) (i) If the vehicle was formerly titled and registered in another state 16
74	74	and the present owner has paid a sales or excise tax to that state at a rate less than that 17
75	75	imposed by this State, then the tax imposed shall apply but at a rate measured by the 18
76	76	difference only between the tax rate paid to the other state and the tax rate imposed by this 19
77	77	section, if the present owner has not been a Maryland resident for more than 60 days. 20
78	78
79	79	(ii) If the vehicle was formerly titled and registered in another state 21
80	80	and the present owner requests to transfer the vehicle in accordance with § 13–810(c)(1) of 22
81	81	this subtitle, the Administration shall change or correct the names contained in the 23
82	82	certificate of title: 24
83	83
84	84	1. At the time the excise tax that is credited or imposed 25
85	85	under this section is paid and a new title is issued; and 26
86	86
87	87	2. Without issuing multiple certificates of title or charging 27
88	88	additional fees. 28
89	89
90	90	(iii) Except as provided in subsection (b)(2) of this section, the 29
91	91	minimum tax imposed under this section shall be $100. 30
92	92
93	93	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 31
94	94	1, 2024. This Act shall be applicable to all certificates of title issued on or after July 1, 2024, 32
95	95	and to all motor vehicles, trailers, or semitrailers subject to the excise tax that are in 33
96	96	interstate operation and registered under § 13–109(c) or (d) of the Transportation Article 34
97	97	without a certificate of title on or after July 1, 2024. 35