<?xml version='1.0' encoding='utf-8'?>
<section article="gtg" article_name="Tax - General" number="8-403" title_number="8" title_name="Franchise Taxes" subtitle_number="4" subtitle_name="Public Service Company Franchise Tax">
  <level label="a">
    <text>The rate of the franchise tax imposed under § 8-402 of this subtitle is 2% of gross receipts derived from business in the State.</text>
  </level>
  <level label="b">
    <text>The rate of the tax imposed under § 8-402.1 of this subtitle is:</text>
    <level label="1">
      <level label="0">
        <text>062 cents for each kilowatt hour of electricity delivered by the public service company for final consumption in the State; and</text>
      </level>
    </level>
    <level label="2">
      <level label="0">
        <text>402 cents for each therm of natural gas delivered by the public service company for final consumption in the State.</text>
      </level>
    </level>
  </level>
</section>
