Maryland SB125 repeals the requirement for a notarized bill of sale when transferring ownership of a used vehicle.

Maryland SB125 removes the need for a notarized bill of sale when transferring ownership of a used vehicle. The bill also modifies the excise tax calculation for used vehicles and trailers, and outlines the information required for vehicle registration and title applications. It specifies that the excise tax must be based on the fair market value of the vehicle, with certain exceptions, and sets a minimum tax amount. The bill also includes provisions for the correction of names on certificates of title and the imposition of fines for failure to pay the excise tax.

Maryland SB125 repeals the requirement for a notarized bill of sale when transferring ownership of a used vehicle.

Maryland SB125 removes the need for a notarized bill of sale when transferring ownership of a used vehicle. The bill also modifies the excise tax calculation for used vehicles and trailers, and outlines the information required for vehicle registration and title applications. It specifies that the excise tax must be based on the fair market value of the vehicle, with certain exceptions, and sets a minimum tax amount. The bill also includes provisions for the correction of names on certificates of title and the imposition of fines for failure to pay the excise tax.