Businesses must keep the following tire recycling fee records for four years (unless the business receives permission from the Comptroller's Office to have the records destroyed earlier):
- sales and purchase invoices
- records of out-of-state sales
- inventory records
- bank statements
- wholesaler certificates, where required.
The fee must be shown as a separate charge when a manufacturer or wholesaler sells tires to a retailer.
The wholesaler certificate need not be in a particular form, but it should be signed, set forth the buyer's name and address and contain the buyer's recycling fee account number. It is not necessary to have a certificate for each purchase.
See Business Tax Tip #17 - How to Prepare Your Maryland Tire Fee Report for more information.