Maryland Code, TAX – GENERAL 8-402
Terms Used In Maryland Code, TAX - GENERAL 8-402
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- including: means includes or including by way of illustration and not by way of limitation. See
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) engaged in a telephone business in the State; or
(2) engaged in the transmission, distribution, or delivery of electricity or natural gas in the State.
(b) The tax imposed under subsection (a) of this section does not apply to a public service company that is:
(1) a county;
(2) a municipal corporation;
(3) a nonprofit electric cooperative; or
(4) a public-private partnership formed for the generation of clean or renewable energy if:
(i) 30% or more of the electricity generated through the public-private partnership is purchased by the public partner; and
(ii) the clean or renewable energy generating station is sited on an eligible clean and renewable energy generation site as determined by the Department of the Environment, including:
1. rooftops;
2. parking lots;
3. landfills;
4. brownfields sites;
5. voluntary cleanup program sites;
6. reclaimed mines;
7. Superfund sites; and
8. sediment or retention ponds.
(c) The Department of the Environment may adopt regulations regarding the determination of eligible clean or renewable energy generation sites under subsection (b)(4) of this section.