Section 8-402 - Imposition of tax. - Maryland Statutes

§ 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.]