WILLIAM DONALD SCHAEFER, Governor

Ch. 2

Defined terms: "Comptroller" § 1-101

"Department" § 1-101

"Public service company" § 8-401

"Public service company franchise tax" § 1-101

8-408. TAX PAYMENT.

(A)  REQUIRED.

EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, EACH
PUBLIC SERVICE COMPANY SHALL PAY TO THE COMPTROLLER ITS PUBLIC
SERVICE COMPANY FRANCHISE TAX FOR A CALENDAR YEAR ON OR BEFORE
JUNE 1 OF THE NEXT YEAR.

(B)  ESTIMATED TAX PAYMENT.

A PUBLIC SERVICE COMPANY REQUIRED TO FILE A DECLARATION OF
ESTIMATED PUBLIC SERVICE COMPANY FRANCHISE TAX UNDER § 8-404(B)
OF THIS SUBTITLE SHALL PAY 50% OF THE ESTIMATED TAX TO THE
DEPARTMENT ON OR BEFORE JUNE 1 OF THE YEAR IN WHICH THE
DECLARATION IS FILED.

REVISOR'S NOTE: This section is new language derived

without substantive change from former Art. 81, §

130A(b), the second sentence of § 130(c), and the
fourth clause of the third sentence of § 133.

In subsection (a) of this section, the phrase "to the
Comptroller" is added to state expressly that payment
is made to the Comptroller.

Also in subsection (a) of this section, the references
to a "calendar" year and "the next" year are added for
clarity.

Also in subsection (a) of this section, the defined
term "public service company franchise tax" is
substituted for the former references to the "[g]ross
receipts tax" and "the taxes", for clarity.

Defined terms: "Comptroller" § 1-101

"Public service company" § 8-401

"Public service company franchise tax" § 1-101

8-409. ADMINISTRATION BY DEPARTMENT.

(A) POWERS.

TO DETERMINE THE PUBLIC SERVICE COMPANY FRANCHISE TAX, THE
DEPARTMENT MAY:

(1)  EXAMINE RECORDS;

(2)  ADMINISTER OATHS; AND

- 227 -