Regulation .23 Security Bond.
Current through 2026-01-20. Source: COBRA Register Volume 04, Issue 02. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., COBRA § 14.02.01.23 (2026)
Regulation .23 Security Bond.LinkCopy Citation
A.
Security Bond.
(1)
A permit holder shall provide a security for performance in the amount of $10,000 to the Department.
(2)
A permit holder shall ensure the security is in the form of:
(a)
A performance bond;
(b)
A refundable bond; or
(c)
Another security acceptable to the City.
B.
Rental Taxes.
(1)
A permit holder shall remit a rental tax to the Department of Finance twice annually in accordance with <cite data-path="14.02.01.23">this section</cite>.
(2)
January – June.
(a)
The Department shall invoice a permit holder by July 15 for the tax provided for in <cite data-path="14.02.01.23|B.|(2)|(b)|(i)">§B(2)(b)(i) of this regulation</cite>.
(b)
The permit holder shall:
(i)
Pay a tax of $0.10 per rental for dockless vehicle rentals between January 1 and June 30 annually; and
(ii)
Remit the tax within one calendar month after receiving an invoice from the Department.
(3)
July – December.
(a)
The Department shall invoice a permit holder by January 15 for the tax provided for in <cite data-path="14.02.01.23|B.|(3)|(b)|(i)">§B(3)(b)(i) of this regulation</cite>.
(b)
The permit holder shall:
(i)
Pay a tax of $0.10 per rental for dockless vehicle rentals between July 1 and December 31 annually; and
(ii)
Remit the tax within one calendar month after receiving an invoice from the Department.
(4)
A permit holder shall submit the following to the Department with each remitment of the annual tax:
(a)
A list of the total number of transactions during the reporting period; and
(b)
A digital copy of:
(i)
Payments during the reporting period; and
(ii)
Transactions during the reporting period.