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STATE OF MARYLAND DEPARTMENT OF ASSESSMENTS AND TAXATION Public Utilities Section 301 West Preston Street, Room 801 Baltimore, Maryland 21201 (410) 7671940 FORM 18 RAILROAD OPERATING PROPERTY RETURN
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Franchise refers to the right or license granted by a company to an individual or group to market its products or services, while public utilities are businesses that provide essential services to the public, such as electricity, water, and transportation.
Companies that operate under a franchise agreement or provide public utility services are required to file franchise and public utilities.
Franchise and public utilities can be filled out by providing accurate and up-to-date information regarding the company's operations, revenue, and compliance with regulations.
The purpose of franchise and public utilities is to ensure transparency, accountability, and regulatory compliance in the operations of companies providing essential services to the public.
Information such as financial statements, operational data, customer service reports, and compliance with regulatory requirements must be reported on franchise and public utilities.
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