WILLIAM DONALD SCHAEFER, Governor Ch. 792

CHAPTER 79 2

(House Bill 1364)

AN ACT concerning

Public Service Company Franchise Tax - Credit for Purchases
of Maryland-mined Coal

FOR the purpose of allowing a credit against the public service
company franchise tax in a certain amount for a certain
portion of Maryland-mined coal purchased by the certain
public service company companies; and allowing a credit
against the public service company franchise tax in a
certain amount for certain energy purchased from certain
companies; requiring that a certain credit shall reduce the
cost of coal for certain purposes; requiring certain
companies to file a certain statement under certain
circumstances; providing for the application and effective
date of this dates of this Act; and making parts of this Act
contingent on the passage of another Act; providing for the
termination of this Act; and generally relating to the
public service company franchise tax.

BY adding to

Article 81 - Revenue and Taxes

Section 131(c), (d), and (e) and (d)

Annotated Code of Maryland

(1980 Replacement Volume and 1987 Supplement)

BY adding to

Article - Tax - General

Section 8-405(d), (e), and (f) and (e)

Annotated Code of Maryland

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

Acts of the General Assembly of 1988)

BY repealing and reenacting, with amendments,

Article - Tax - General

Section 8-406

Annotated Code of Maryland

(As enacted by Chapter 2 and Chapter______(S.B. 251) of the

Acts of the General Assembly of 1988)

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