Maryland Tax - General Section 8-403

Article - Tax - General

§ 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.



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