2022
MARYLAND 
    FORM                          DECLARATION OF ESTIMATED FRANCHISE TAX 
NO. 29EW                          TELEPHONE, ELECTRIC, AND GAS COMPANIES 
                                  FOR CALENDAR                    YEAR      2022 

Name of Taxpayer: ________________________________________________________________________________________ 
Address:          ______________________________________________________                      Zip Code: ___________ 

Department I.D.:   __ __ __ __ __ __ __ __ __       Federal I.D.:  __ __ __ __ __ __ __ __ __ 
                  (Required) 
                                                                                                                       . 

ALL  PUBLIC  SERVICE  COMPANY  TAXPAYERS  OF  RECORD  MUST  USE  THE  DECLARATION  OF  ESTIMATED  FRANCHISE  TAX 
PREPRINTED VOUCHERS (FORM NO. 29E) TO SUBMIT QUARTERLY INSTALLMENTS.  SEE INSTRUCTIONS FOR COMPLETING THE 
DECLARATION OF ESTIMATED FRANCHISE TAX ON THE NEXT PAGE. 

ESTIMATED FRANCHISE TAX WORKSHEET (Complete this worksheet to compute the estimated franchise tax due.) 

A. PUBLIC SERVICE COMPANY-TELEPHONE
   1. Estimated Maryland Gross Receipts                                  ______________________ 
   2. Estimated Franchise Tax due for the year (Multiply line 1 by 2%)*                           ______________________ 

   3. Estimated Tax due per quarter (Multiply line 2 x 25%)                                       _______________________ 

B. PUBLIC SERVICE COMPANY- ELECTRIC AND GAS
   1. Estimated Maryland Gross Receipts                                         _____________ 
   2. Estimated Franchise Tax due for the year (Multiply line 1 by 2%)*                          ___________________ 

   3. Estimated KWH of electricity delivered for final
         consumption in Maryland                                                  _ 
   4. Estimated franchise tax due for the year (Multiply line 3 by .00062)*                      ___________________ 

   5. Estimated THERMS of natural gas delivered
            for final consumption in Maryland                                     _ 
   6. Estimated franchise tax due for the year (Multiply line 5 by .00402)*                      ___________________ 

   7. Total estimated franchise tax due for the year
   (Add lines 2, 4 and 6)                                                                        _ _ ________________ 

   8. Estimated tax due per quarter (Multiply line 7 by 25%)                                      _______________________ 

   *Estimated tax net of credits

         TPS_FT Form 29EW  2022                                                  Page 1 of 3   http://dat.maryland.gov

.                                                                                                                . 

RECORD OF INSTALLMENT PAYMENTS (Complete this record for your files) 

1. PRIOR YEAR (2021 OVERPAYMENT applied as a credit to estimated tax for 2022)             _____________________ 

                                                       Payment Document/ 
         Date Due                          Date Paid   Check No. 

2. 15th day of the 4th month                                                              ____________________        
3. 15th day of the 6th month                                                              ____________________          
4. 15th day of the 9th month                                                              ___________________    
5. 15th day of the 12th month                                                             ______ ___________ 
6. Total estimated tax payments for 202  2 (Add lines 1 through 5).  Claim this amount on 
   line C.4a of Form 11, or line 11a of Form 11T.                                         _____________________ 

ATTACH A COPY OF THIS WORKSHEET WITH THE FIRST QUARTERLY REMITTANCE OF THE TAX. 

         TPS_FT Form 29EW  2022                                             Page 2 of 3   http://dat.maryland.gov

       INSTRUCTIONS FOR COMPLETING THE DECLARATION OF ESTIMATED 
       PUBLIC SERVICE COMPANY FRANCHISE TAX 

1. Sections  8-402 and 8-402.1 of the Tax General Article of the Maryland Code imposes a franchise tax on each
   public service company doing business in Maryland.  A "public service company" means a person (a) engaged 
   in a telephone business in Maryland; or (b) engaged in the transmission, distribution, or delivery of electricity
   or natural gas in Maryland.  Please refer to the Department’s regulations Title 18, Subtitle 8 Public Service
   Company Franchise Tax.

2. Each public service company that reasonably expects its franchise tax to exceed $1,000 for the taxable year
   must make estimated tax payments.  The total estimated tax payments for the year must be at least 90% of
   the tax developed for the current taxable year or 110% of the tax paid for the prior taxable year.

3. The declaration of estimated tax must be filed with the Department of Assessments and Taxation on or before 
   the 15th day of the 4th, 6th, 9th, and 12th months following the beginning of the taxable year.

4. Each public service company required to file a declaration of estimated franchise tax shall remit by each of
   the four installment due dates at least 25% of the total estimated tax.

5. Maryland law provides for the accrual of interest and imposition of penalty for failure to pay any tax when
   due.

6. Franchise tax payments of $10,000 or more must be remitted by electronic funds transfer.  Please refer to the 
   Department’s regulations Title 18, Subtitle 11 Tax Payments.

7. Maryland law provides for the accrual of interest and imposition of penalty for failure to remit the tax by
   electronic funds transfer as required by the regulations.

                              Department of Assessments and Taxation 
                              Franchise Tax Unit 
                              301 West Preston Street 
                              Baltimore, Maryland 21201-2395 
                              For assistance, call:  (410) 767-1940 

       TPS_FT Form 29EW  2022                                  Page 3 of 3   http://dat.maryland.gov