exempt utility property
Defined in 1 place of the United States Code.
The term “exempt utility property” means property used in the trade or business of—
(i) generating, transmitting, distributing, or selling electricity, or
(ii) producing, transmitting, distributing, or selling natural gas.
Source
- 2005–present26 U.S.C. § 451Internal Revenue Code · General rule for taxable year of inclusion · in this section