Maryland HB251 repeals the requirement for a notarized bill of sale when transferring ownership of a used vehicle.

Maryland HB251 removes the requirement for a notarized bill of sale when transferring ownership of a used vehicle. The bill also outlines the excise tax rates for various types of vehicles, including motor vehicles, trailers, semitrailers, mopeds, and motor scooters. It specifies the minimum tax amounts and the valuation methods for determining the fair market value of vehicles. The bill further details the information applicants must submit to the Motor Vehicle Administration, including the time of purchase and purchase price. The changes take effect October 1, 2026.

Maryland HB251 repeals the requirement for a notarized bill of sale when transferring ownership of a used vehicle.

Maryland HB251 removes the requirement for a notarized bill of sale when transferring ownership of a used vehicle. The bill also outlines the excise tax rates for various types of vehicles, including motor vehicles, trailers, semitrailers, mopeds, and motor scooters. It specifies the minimum tax amounts and the valuation methods for determining the fair market value of vehicles. The bill further details the information applicants must submit to the Motor Vehicle Administration, including the time of purchase and purchase price. The changes take effect October 1, 2026.