# 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.

## Regulation .23 Security Bond.

Balt., Md., COBRA § 14.02.01.23 (2026)

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.