{"data":{"id":"us-md/md.-code-tax-general-8-403","jurisdiction":"us-md","citation":"Md. Code, Tax - General § 8–403","heading":"","body":"(a) The rate of the franchise tax imposed under § 8-402 of this subtitle is 2% of gross receipts derived from business in the State.\n(b) The rate of the tax imposed under § 8-402.1 of this subtitle is:\n(1) 0.062 cents for each kilowatt hour of electricity delivered by the public service company for final consumption in the State; and\n(2) 0.402 cents for each therm of natural gas delivered by the public service company for final consumption in the State.","path":["Article - Tax - General"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtg\u0026section=8-403","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:18Z","sha256":"5ae925afd24c024f295b2f8d990f589157a73c2a7b4f428b7c3a67a9a9469067","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-general-8-402.1","next":"us-md/md.-code-tax-general-8-404"},"notice":"GroundRules: Original legal text. Not legal advice."}