For determining eligibility of a zero-emission plug-in electric drive vehicle, fuel cell electric vehicle, zero-emission electric motorcycle, or zero-emission autocycle for a vehicle tax credit, the Administration shall use the base purchase price of the vehicle. Subject to available funding, the vehicle owner is eligible to apply to the Administration for an applicable excise tax credit if the following conditions are met: The vehicle was purchased new and titled for the first time on or after July 1, 2023, but before July 1, 2027; The vehicle has not been modified from original manufacturer specifications; The vehicle is acquired for use or lease by the taxpayer and not for resale; The vehicle has a total base purchase price not exceeding $50,000; If applicable, the vehicle has a battery capacity of at least 5.0 kilowatt hours; and The applicant is either: An individual who has not received a previous excise tax credit for the purchase of a vehicle in accordance with Transportation Article, §13-815; Annotated Code of Maryland; or A business entity that has not received excise tax credits for the purchase of more than 10 vehicles in accordance with Transportation Article, §13-815, Annotated Code of Maryland. Subject to available funding, the credit shall be issued in an amount in accordance with Transportation Article, §13-815, Annotated Code of Maryland.