<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="Regulation .23 Security Bond.">
  <section prefix="Regulation" num=".23" heading="Security Bond.">
    <para num="A.">Security Bond.<para num="(1)">A permit holder shall provide a security for performance in the amount of $10,000 to the Department.</para>
      <para num="(2)">A permit holder shall ensure the security is in the form of:<para num="(a)">A performance bond;</para>
        <para num="(b)">A refundable bond; or</para>
        <para num="(c)">Another security acceptable to the City.</para>
      </para>
    </para>
    <para num="B.">Rental Taxes.<para num="(1)">A permit holder shall remit a rental tax to the Department of Finance twice annually in accordance with &lt;cite data-path="14.02.01.23"&gt;this section&lt;/cite&gt;.</para>
      <para num="(2)">January – June.<para num="(a)">The Department shall invoice a permit holder by July 15 for the tax provided for in &lt;cite data-path="14.02.01.23|B.|(2)|(b)|(i)"&gt;§B(2)(b)(i) of this regulation&lt;/cite&gt;.</para>
        <para num="(b)">The permit holder shall:<para num="(i)">Pay a tax of $0.10 per rental for dockless vehicle rentals between January 1 and June 30 annually; and</para>
          <para num="(ii)">Remit the tax within one calendar month after receiving an invoice from the Department.</para>
        </para>
      </para>
      <para num="(3)">July – December.<para num="(a)">The Department shall invoice a permit holder by January 15 for the tax provided for in &lt;cite data-path="14.02.01.23|B.|(3)|(b)|(i)"&gt;§B(3)(b)(i) of this regulation&lt;/cite&gt;.</para>
        <para num="(b)">The permit holder shall:<para num="(i)">Pay a tax of $0.10 per rental for dockless vehicle rentals between July 1 and December 31 annually; and</para>
          <para num="(ii)">Remit the tax within one calendar month after receiving an invoice from the Department.</para>
        </para>
      </para>
      <para num="(4)">A permit holder shall submit the following to the Department with each remitment of the annual tax:<para num="(a)">A list of the total number of transactions during the reporting period; and</para>
        <para num="(b)">A digital copy of:<para num="(i)">Payments during the reporting period; and</para>
          <para num="(ii)">Transactions during the reporting period.</para>
        </para>
      </para>
    </para>
  </section>
</baltimore-city-law>
