# Tax - General (GTG)

## Title 8. Franchise Taxes

### Subtitle 4. Public Service Company Franchise Tax

#### Section 8-403

(a) The rate of the franchise tax imposed under Sec. 8-402 of this subtitle is 2% of gross receipts derived from business in the State.

(b) The rate of the tax imposed under Sec. 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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Md. Code Ann., Tax-Gen. (as displayed at mgaleg.maryland.gov, October 16, 2026)