Description of H.R. 3165 and H.R. 6806 Relating to Accounting Treatment of the Investment Tax Credit and Accelerated Depreciation for Public Utility Ratemaking Purposes: Scheduled for a Hearing Before the Committee on Ways and Means on April 15, 1980
U.S. Government Printing Office, 1980 - Depreciation allowances - 14 pages
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acceler agen amount asset assumptions or bases base reduction method based on estimates benefits from accelerated bill would provide bill would result books of account California Code sec Code section 167(1 Communications Satellite cost of service credit and accelerated credit for public customers no faster customers ratably deferred taxes depreciation for tax depreciation were normalized enacted equipment estimates or projections flowed through ratably inconsistent investment credit investment tax credit method of accounting method of depreciation normaliza normalization method normalization require percent present law prior to March public utility activity Public Utility Commission public utility property rapidly than ratably ratable flow-through method ratable portion rate base reduction ratemaking purposes rates of depreciation reflecting operating results regu regulated public utilities Regulated Utilities regulatory commission required Revenue Act revenue loss rota portion service for ratemaking shareholders straight-line depreciation tax benefits tax expense tax purposes Tax Reform Act taxpayer Treasury Department Treasury regulations utility's rate base