Section 8-403 - Tax rates. - Maryland Statutes

§ 8-403. Tax rates.
 

(a)  Gross receipts.- 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)  Delivery.- 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. 
 

[An. Code 1957, art. 81, § 130; 1988, ch. 2, § 1; 1999, ch. 5, § 1; ch. 6, § 1.]