- A. The Administration shall allow a credit for any excise tax paid by a consumer or owner for a vehicle returned under Regulation .02A and C of this chapter towards the excise tax imposed for a replacement vehicle.
- B. If the excise tax on the replacement vehicle exceeds that paid on the returned vehicle, the consumer or owner shall pay the difference to the dealer.
- C. If the excise tax on the replacement vehicle is less than that paid on the returned vehicle, the Administration shall refund the difference to the consumer or owner.
Authority: Transportation Article, §§12-104(b), 13-808, and 13-817, Annotated Code of Maryland
Effective date: November 8, 1993 (20:22 Md. R. 1708)
Chapter revised effective June 5, 1995 (22:11 Md. R. 822)