Section 8-415 – Credit for Employer-Provided Long-Term Care Insurance
A public service company may claim a credit against the public service company franchise tax for employer-provided long-term care insurance as provided under § 10-710 of this article.
Section 8-417 – Credits Against the Public Service Franchise Tax
(a) A public service company may claim a credit against the public service company franchise tax in an amount equal to: (1) .002 cents for each kilowatt hour of electricity in excess of 500 million up to 1,500 million kilowatt hours during a calendar year delivered for final consumption to a single industrial customer for use in […]
Section 8-409 – Tax as Customer Charge
(a) The public service company franchise tax with respect to gross receipts from telecommunications service shall be added to and disclosed as an element of the public service company’s charge to the customer for the service. (b) A public service company may surcharge its customers for the public service company franchise tax imposed under § 8-402.1 of […]
Section 8-411 – Credit for Wages Paid Pursuant to Title 6, Subtitle 3 of the Economic Development Article
A public service company may claim a credit against the public service company franchise tax for wages paid to qualified employees as provided under Title 6, Subtitle 3 of the Economic Development Article.
Section 8-412 – Credit for Neighborhood and Community Assistance
A public service company may claim a credit against the public service company franchise tax for neighborhood and community assistance as provided under § 6-404 of the Housing and Community Development Article.
Section 8-413 – Credit for Wages, Child Care, and Transportation of Employees With Disabilities
A public service company may claim a credit against the public service company franchise tax for: (1) wages paid to a qualified employee with a disability; and (2) (i) child care provided or paid for by a business entity for the children of a qualified employee with a disability as provided under § 21–309 of the Education Article; […]
Section 8-402 – Imposition of Tax
(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 […]
Section 8-402.1 – Imposition of Delivery Tax
(a) (1) In addition to any tax imposed under § 8-402 of this subtitle, a franchise tax is imposed for each calendar year on each public service company engaged in the transmission, distribution, or delivery of electricity or natural gas in the State. (2) The tax imposed under this section is measured by kilowatt hours of electricity or […]
Section 8-403 – Tax Rates
(a) 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) 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 […]
Section 8-404 – Returns and Declarations
(a) Each public service company that, in a calendar year, has gross receipts derived from business in the State or delivers electricity or natural gas for final consumption in the State shall complete, under oath, and file with the Department a public service company franchise tax return, on or before April 15th of the next year. […]