Partnertax.ai
Start free trial →

Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Gen. § 8-417

§ 8-417

Official textmgaleg.maryland.gov

# (a)

A public service company may claim a credit against the public service company franchise tax in an amount equal to:

# (1)

0.002 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 a production activity at the same location in the State; and

# (2)

0.0455 cents for each kilowatt hour of electricity in excess of 1,500 million kilowatt hours during a calendar year delivered for final consumption to a single industrial customer for use in a production activity at the same location in the State.

# (b)

A public service company may claim a credit against the public service company franchise tax in an amount equal to the tax imposed for each therm of natural gas delivered for final consumption in the State to an industrial customer for use in a production activity in the State.

# (c)

The Public Service Commission shall require that the credits allowed under this section are passed through to the customers to whom the electricity or natural gas on which the credits are based is delivered.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this article (40 sections)
  1. gtg-8-221 · § 8-221
  2. gtg-8-301 · § 8-301
  3. gtg-8-302 · § 8-302
  4. gtg-8-303 · § 8-303
  5. gtg-8-304 · § 8-304
  6. gtg-8-305 · § 8-305
  7. gtg-8-401 · § 8-401
  8. gtg-8-402.1 · § 8-402.1
  9. gtg-8-402 · § 8-402
  10. gtg-8-403 · § 8-403
  11. gtg-8-404 · § 8-404
  12. gtg-8-405 · § 8-405
  13. gtg-8-406 · § 8-406
  14. gtg-8-407 · § 8-407
  15. gtg-8-408 · § 8-408
  16. gtg-8-409 · § 8-409
  17. gtg-8-411 · § 8-411
  18. gtg-8-412 · § 8-412
  19. gtg-8-413 · § 8-413
  20. gtg-8-415 · § 8-415
  21. gtg-8-417 · § 8-417
  22. gtg-9-101 · § 9-101
  23. gtg-9-201 · § 9-201
  24. gtg-9-202 · § 9-202
  25. gtg-9-203 · § 9-203
  26. gtg-9-204 · § 9-204
  27. gtg-9-205 · § 9-205
  28. gtg-9-207 · § 9-207
  29. gtg-9-208 · § 9-208
  30. gtg-9-209 · § 9-209
  31. gtg-9-212 · § 9-212
  32. gtg-9-213 · § 9-213
  33. gtg-9-214 · § 9-214
  34. gtg-9-215 · § 9-215
  35. gtg-9-216 · § 9-216
  36. gtg-9-219 · § 9-219
  37. gtg-9-220 · § 9-220
  38. gtg-9-221 · § 9-221
  39. gtg-9-222 · § 9-222
  40. gtg-9-223 · § 9-223
Full table of contents →