Ch. 629

1997 LAWS OF MARYLAND

telecommunications service in the State; excluding certain gross charges from the
definition of "gross receipts" subject to the public service company franchise tax;
providing that the public service company franchise tax with respect to gross
receipts from telecommunications service shall be added to and disclosed as an
element of the charge to the customer for the service; limiting a certain subtraction
modification under the income tax for gross receipts subject to the public service
company franchise tax to gross receipts not derived from telecommunications
service; providing a credit against the corporation income taxes State income tax for
certain property taxes paid by a public utility that is a telecommunications company;
requiring an addition modification under the income tax in the amount of a certain
credit; imposing the sales and use tax on the sale of prepaid telephone calling cards;
imposing the sales and use tax on certain Internet access service; altering the
definition of "operating personal property" for property tax purposes for a public
utility that is a telecommunications provider; repealing the sales and use tax on
certain telecommunications services; altering the application of the sales and use tax
to certain services; requiring the Public Service Commission to require determine
and require a certain reduction in local telephone rates to reflect the elimination of
a certain tax formerly included in the rates; prohibiting a local telephone service
provider from adding a certain tax to its charge to the customer until a certain
reduction in rates is effective; requiring a local telephone service provider to
provide certain information to certain customers; providing for the effective dates
and application of this Act; requiring a certain report; and generally relating to the
taxation of telecommunications companies and telecommunications services in the
State.

BY repealing and reenacting, with amendments,
Article - Tax - General

Section 8-401, 8-403, 8-409, 10-307(c), and 11-101(i)(1) and 10-307(e) and (k)(9)

and (10)
Annotated Code of Maryland
(1988 Volume and 1996 Supplement)

BY repealing and reenacting, without amendments,
Article—Tax—General
Section 8-402

Annotated Code of Maryland
(1988 Volume and 1996 Supplement)

BY adding to

Article - Tax - General

Section 10-306(c), and 10-708, and 11-101(c-1) and (k)(11)

Annotated Code of Maryland

(1988 Volume and 1996 Supplement)

BY repealing and reenacting, with amendments,
Article - Tax - Property

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