HARRY HUGHES, Governor

2853

tax in certain counties.; and providing a certain
sunset provision.

BY adding to

Article 81 - Revenue and Taxes

Section 468 through 474 471, inclusive, to be under the

new subtitle "Maryland Coal Tax"
Annotated Code of Maryland
(1980 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 81 - Revenue and Taxes

MARYLAND COAL TAX

468.

(A) AS USED IN THIS SUBTITLE, THE FOLLOWING TERMS HAVE
THE MEANINGS INDICATED.

(B) "COAL" MEANS ANY MATERIAL COMPOSED PREDOMINANTLY
OF HYDROCARBONS IN A SOLID STATE AND THAT IS RECOVERED BY
THE SURFACE MINING METHOD.

(C) "CODE COUNTY" MEANS A COUNTY QUALIFYING AS A CODE
COUNTY UNDER ARTICLE XI-F OF THE CONSTITUTION OF MARYLAND.

(D) "COMPTROLLER" MEANS THE COMPTROLLER OF THE

TREASURY OF MARYLAND.

(E) (1) "GROSS PROCEEDS" MEANS THE AGGREGATE VALUE IN
MONEY OF ANY THING OR THINGS PAID OR DELIVERED, OR PROMISED
TO BE PAID OR DELIVERED, IN CONNECTION WITH THE SALE OF COAL
WITHOUT ANY DEDUCTION ON ACCOUNT OF THE COST OF THE COAL
SOLD.

(2) "GROSS PROCEEDS" DOES NOT INCLUDE THE

FOLLOWING:

(I) TAXES IMPOSED ON THE RETAIL SALE OF
COAL AS DEFINED BY SECTION 324(F)(4) OF THIS ARTICLE IF THE
TAXES ARE SEPARATELY STATED FROM THE CONSIDERATION RECEIVED
FOR THE COAL;

(II) THE AMOUNT PAID BY ANY PERSON AS, OR
IN THE NATURE OF, INTEREST OR FINANCE CHARGES ON ACCOUNT OF
CREDIT EXTENDED IN CONNECTION WITH THE SALE OF ANY COAL, IF
THE INTEREST OR FINANCE CHARGES ARE SEPARATELY STATED FROM
THE CONSIDERATION RECEIVED FOR THE COAL; AND

(III) THE AMOUNT PAID BY ANY PERSON ON
ACCOUNT OF ANY BONA FIDE FREIGHT, DELIVERY, AND OTHER