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PARRIS N. GLENDENING, Governor
Ch. 629
8-409.
The public service company franchise tax with respect to gross receipts from [long
distance] telecommunications service shall be added to and disclosed as an element of
the [long distance telecommunications company's] PUBLIC SERVICE COMPANY'S
charge to the customer for the service.
10-306.
(C) THE ADDITION UNDER SUBSECTION (A) OF THIS SECTION INCLUDES THE
AMOUNT OF THE CREDIT ALLOWED UNDER § 10-708 OF THIS TITLE FOR PROPERTY
TAXES PAID ON OPERATING REAL PROPERTY BY A PUBLIC UTILITY THAT IS A
TELECOMMUNICATIONS COMPANY. DETERMINED WITHOUT REGARD TO THE
LIMITATION UNDER § 10-708(B) OF THIS TITLE.
10-307.
(e) The subtraction under subsection (a) of this section includes gross receipts,
less related expenses, that:
(1) are subject to the public service company franchise tax; and
(2) are not derived from [long distance] telecommunications service, as
defined under [ § 8-101(b-1)] § 8-101 of this article TELEPHONE BUSINESS.
10-708.
(A) A PUBLIC UTILITY THAT IS A TELECOMMUNICATIONS COMPANY MAY
CLAIM A CREDIT AGAINST THE STATE INCOME TAX IN AN AMOUNT EQUAL TO 60%
OF THE TOTAL STATE, COUNTY, AND MUNICIPAL CORPORATION PROPERTY TAXES
PAID BY THE PUBLIC UTILITY DURING THE TAXABLE YEAR ON ITS OPERATING
REAL PROPERTY IN THE STATE THAT IS USED IN ITS TELECOMMUNICATIONS
BUSINESS OTHER THAN OPERATING LAND.
(B) (1) THE CREDIT ALLOWED UNDER THIS SECTION MAY NOT EXCEED
THE STATE INCOME TAX IMPOSED FOR THE TAXABLE YEAR, DETERMINED AFTER
APPLICATION OF ANY OTHER CREDITS ALLOWABLE UNDER THIS SUBTITLE.
(2) THE UNUSED AMOUNT OF THE CREDIT FOR ANY TAXABLE YEAR
MAY NOT BE CARRIED OVER TO ANY OTHER TAXABLE YEAR.
11-101.
(C-1) "PREPAID TELEPHONE CALLING CARD" MEANS A RIGHT TO MAKE
TELEPHONE CALLS, PREPAID IN INCREMENTAL AMOUNTS, WHETHER OR NOT
REPRESENTED BY CORPOREAL PERSONAL PROPERTY.
(i) (1) "Tangible personal property" means;
(i) corporeal personal property of any nature; [or]
(ii) a right to occupy a room or lodgings as a transient guest; OR
(III) A PREPAID TELEPHONE CALLING CARD.
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