§ 8–403

Statutes in effect as of October 1, 2026.

Md. Code Ann., Tax-Gen. § 8-403 (2026)

Title 8. Franchise Taxes

Subtitle 4. Public Service Company Franchise Tax

(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.