A transaction that involves the transfer and ownership of rate stabilization property and the receipt of rate stabilization charges are exempt from State and local income, sales, franchise, gross receipts, and other taxes or similar charges.
Md. Code Ann., Pub. Util. § 7-538
Known as the Electric Customer Choice and Competition Act
The act spans §§ 7–7 (49 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.