2010 Maryland Code
TAX - GENERAL
TITLE 8 - FRANCHISE TAXES
Subtitle 4 - Public Service Company Franchise Tax
Section 8-402 - Imposition of tax.
§ 8-402. Imposition of tax.
(a) Telephone, electricity, and natural gas providers.- A franchise tax, measured by gross receipts, is imposed, for each calendar year, on each public service company:
(1) engaged in a telephone business in the State; or
(2) engaged in the transmission, distribution, or delivery of electricity or natural gas in the State.
(b) Exceptions.- The tax imposed under subsection (a) of this section does not apply to a public service company that is:
(1) a county;
(2) a municipal corporation; or
(3) a nonprofit electric cooperative.
[An. Code 1957, art. 81, § 130; 1988, ch. 2, § 1; 1999, ch. 5, § 1; ch. 6, § 1.]
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