(2) 4.02 0.402 CENTS FOR EACH DEKATHERM THERM OF NATURAL GAS
DELIVERED BY THE PUBLIC SERVICE COMPANY FOR FINAL CONSUMPTION IN THE
STATE.

8-404.

(a) Each public service company that, in a calendar year, has gross receipts
derived from business in the State OR DELIVERS ELECTRICITY OR NATURAL GAS FOR
FINAL CONSUMPTION IN THE STATE shall complete, under oath, and file with the
Department a public service company franchise tax return, on or before March 15th of
the next year.

(b) (1) Each public service company that reasonably expects its public
service company franchise tax for a year to exceed $1,000 shall complete, under oath,
and file with the Department a declaration of estimated tax, on or before April 15 of
that year.

(2) A public service company required under paragraph (1) of this
subsection to file a declaration of estimated tax for a taxable year shall complete and
file with the Department a quarterly estimated tax return on or before June 15,
September 15, and December 15 of that year.

(c) A public service company shall file with the return an attachment that
states any information that the Department requires to determine gross receipts
derived from business in the State OR KILOWATT HOURS OR DEKATHERMS THERMS
OF NATURAL GAS DELIVERED FOR FINAL CONSUMPTION IN THE STATE.

8-409.

(A) 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
public service company's charge to the customer for the service.

(B) A PUBLIC SERVICE COMPANY MAY SURCHARGE ITS CUSTOMERS FOR THE
PUBLIC SERVICE COMPANY FRANCHISE TAX IMPOSED UNDER § 8-402.1 OF THIS
SUBTITLE.

8-417.

(A) A PUBLIC SERVICE COMPANY MAY CLAIM A CREDIT AGAINST THE PUBLIC
SERVICE COMPANY FRANCHISE TAX IN AN AMOUNT EQUAL TO:

(1) .0069 .002 CENTS FOR EACH KILOWATT HOUR OF ELECTRICITY IN
EXCESS OF 500 MILLION UP TO 1,500 MILLION KILOWATT HOURS DURING A
CALENDAR YEAR DELD7ERED FOR FINAL CONSUMPTION TO A SINGLE INDUSTRIAL
CUSTOMER FOR USE IN A PRODUCTION ACTIVITY AT THE SAME LOCATION IN THE
STATE; AND

(2) .0486 0.00455 CENTS FOR EACH KILOWATT HOUR OF ELECTRICITY IN
EXCESS OF 1,500 MILLION KILOWATT HOURS DURING A CALENDAR YEAR DELIVERED
FOR FINAL CONSUMPTION TO A SINGLE INDUSTRIAL CUSTOMER FOR USE IN A
PRODUCTION ACTIVITY AT THE SAME LOCATION IN THE STATE.