State Codes and 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.]

§ 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.]

§ 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.]

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