Maryland SB374 proposes to exempt rental vehicles from the excise tax.
Maryland SB374 amends the state's tax code to exempt rental vehicles from the excise tax. This bill repeals and reenacts sections of the Annotated Code of Maryland to adjust the tax rates and exemptions. It specifically adds a new exemption for rental vehicles, aligning the tax treatment with other vehicles exempt from the excise tax. The changes are set to take effect on July 1, 2026.
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