§ 8-403
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/md/tax-general/8-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.