1999 Regular Session

HOUSE BILL 747

File Code: Miscellaneous Crossfiled with: SENATE BILL 660
Sponsored By:
Delegate Linton
Entitled:
Electric Utility Tax Reform - Maryland Electric Competition Credits

Synopsis:

Imposing a public service company franchise tax on electric utilities based on kilowatt hours of electricity delivered for final consumption in the State at a rate of .137 cents per kilowatt; imposing the income tax on the income of electric utilities; providing various credits against the State income tax or public service company franchise tax for property tax paid on property used to generate electricity in the State and for providing additional credits for specified electric companies; etc.

History by Legislative Date

House Action
2/12
First Reading Ways and Means
2/17
Hearing 3/4 at 1:00 p.m.
4/7
Unfavorable Report by Ways and Means
Senate Action
No Action
Bill indexed under the following Subjects:
ASSESSMENTS AND TAXATION, DEPARTMENT OF
CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
ENERGY MATTERS -see also- FUEL; POWER PLANTS; SOLAR ENERGY
EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
FRANCHISES
FUEL -see also- COAL
GROSS RECEIPTS TAX
INCOME TAX
PRICES -see also- CONSUMER PRICE INDEX
PROPERTY TAX -see also- ASSESSMENTS
PUBLIC SERVICE COMMISSION
REVENUE AND TAXES -see also specific taxes-
SALES AND USE TAX
TAX CREDITS -see also- CIRCUIT BREAKER
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
Bill affects the following Statutes:
Tax - General
( 8-401 , 8-402 , 8-402.1 , 8-403 , 8-404 , 8-409 , 8-417 , 8-418 , 10-306 , 10-306 , 10-307 , 10-309 , 10-712 , 10-713 , 11-101 , 11-101 , 11-207 )
Tax - Property
( 1-101 , 1-101 , 8-109 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered