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Statutes Text

Article - Tax - General




§8–402.

    (a)    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)    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.