Comptroller of Maryland. Serving the People. Peter Franchot, Comptroller
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FAQ: Transportation Investment Act

What is the inventory adjustment?

The inventory adjustment is a floor tax on the remaining inventory in storage when there is a tax change. A physical inventory is compiled on the last day before the tax rate change, either due to a difference in the CPI and/or the sales and use tax equivalent rate. The taxpayer will report the inventory and tax due on Comptroller Form 779.



 
Links for Transportation Investment Act FAQs
Taxpayer Assistance
Frequently Asked Questions
Business Tax FAQs
Motor Fuel Tax
Transportation Investment Act FAQs
  1 - What is the Transportation Infrastructure Investment Act of 2013?
  2 - What motor fuels are affected by this tax increase?
  3 - How is the motor fuel tax increased?
  4 - How will the CPI tax increase be computed?
  5 - How does the average increase in the retail sales price of gasoline affect the tax increase?
  6 - What are the percentage changes for the sales and use tax equivalent rate and dates the tax will change?
  7 - Can I use my sales tax exemption with the sales and use tax equivalent rate?
  8 - What is the inventory adjustment?
  9 - Where can I find additional information?
 
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