Vehicle Excise Tax - Rate Increase

HB 167 increases Maryland's vehicle excise tax rate from 6% to 6.75% of a vehicle's fair market value, effective July 1, 2025. It maintains a $100 minimum tax for all vehicles and applies to new title registrations and vehicles registered interstate without a title. The bill amends sections 13-809(b) and (c) of Maryland's Transportation Article. This change affects all Maryland residents who register vehicles, including those transferring from other states.