Ch. 568                                          LAWS OF MARYLAND

Approved May 27, 1988.

CHAPTER 568

(Senate Bill 251)

AN ACT concerning

Public Service Company Franchise Tax

FOR the purpose of consolidating the responsibility for
collection of the public service company franchise tax in
the Department of Assessments and Taxation; altering the due
date for payment of public service company franchise taxes;
eliminating a process of certifying and billing for public
service company franchise taxes; providing for the
collection of certain taxes; allowing public service
companies to claim credits for certain amounts now allowed
by the Department in computing taxes for certification;
generally relating to the payment and collection of public
service company franchise taxes; imposing a certain standard
for regulations; providing that certain nonprofit electric
cooperatives are not public service companies for purposes
of the tax; clarifying language; continuing the
Comptroller's powers to collect certain public service
company franchise taxes that were outstanding before the
effective date of this Act; and providing for a delayed
effective date for this Act.

BY repealing and reenacting, with amendments,

Article - Tax - General

Section 2-1101, 8-401(c)(2), and 8-408

Annotated Code of Maryland

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1988)

BY repealing

Article - Tax - General
Section 8-405 through 8-407
Annotated Code of Maryland

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1988)

BY adding to

Article - Tax - General

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