There is a newer version of the Maryland Code
Maryland Tax - General Section 8-403
§ 8-403.
  (a)   The rate of the franchise tax imposed under § 8-402 of this subtitle is 2% of gross receipts derived from business in the State.
  (b)   The rate of the tax imposed under § 8-402.1 of this subtitle is:
    (1)   0.062 cents for each kilowatt hour of electricity delivered by the public service company for final consumption in the State; and
    (2)   0.402 cents for each therm of natural gas delivered by the public service company for final consumption in the State.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.