Md. Code Regs. 18.10.02.01

Current through Register Vol. 51, No. 24, December 2, 2024

Section 18.10.02.01 - Definitions

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) "Property factors" means data that measure the physical presence of the operating unit within the State. Examples of property factors include such items as original property cost and depreciated property cost.

(2) "Revenue factors" means data that measure the economic activity of the operating unit within the State. Examples of revenue factors include such items as gross revenue and net operating income.

(3) "Use factors" means data that measure the physical activity of the operating unit within the State. Examples of use factors include such items as kilowatts sold or generated, therms sold, and barrel/miles.

Md. Code Regs. 18.10.02.01