HARRY HUGHES, Governor

3163

Article 81 - Revenue and Taxes

Section 130(a) 129, 130, and 280A(c)

Annotated Code of Maryland

(1975 Replacement Volume and 1979 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 81 - Revenue and Taxes

130.

(a) A State [tax as a] franchise tax is hereby levied
annually for the year 1930 and subsequent years measured by
the gross receipts for the preceding calendar year of:

(1) All domestic or foreign railroad companies
(except switching railroads with less than ten miles of
main-line trackage which are not owned and operated as part
of a larger railroad system) whose roads are worked by
steam, diesel, or electric, doing business in this State, at
the [following] rate [to wit:] OF

[Two per centum] 1 PERCENT on all gross earnings.

(2) Every domestic or foreign telegraph or

cable, express or transportation, parlor car, or sleeping
car company doing business in this State, at the rate of
[two and one-half per centum (2 1/2%)] 2 1/2 PERCENT.

(3) All domestic and foreign telephone and oil
pipeline companies doing business in this State at the rate
of [two per centum (2%)] 2 PERCENT.

(4) All domestic and foreign electric light or
power companies doing business in this State, at the rate of
[two (2%) per centum] 2 PERCENT.

(5) All domestic and foreign gas companies doing
business in this State, at the rate of [two (2%) per centum]
2 PERCENT.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

129.

The phrases "gross receipts," "total receipts," "gross
earnings," "total earnings" and "all earnings," as used in
§§ 130 to 134, inclusive, mean in the case of [railroads and
other] public service corporations, the operating revenues
thereof, without any deductions or credits of any kind
whatsoever. When any public service corporation is engaged