N.C. Gen. Stat. § 62-133.12B
Computation of income tax expense for ratemaking purposes; taxable contributions
Redline — December 1, 2021 → current.View current text →
Current — April 1, 2022
As of December 1, 2021
A water or wastewater public utility is solely responsible for funding the income taxes on taxable contributions in aid of construction and customer advances for construction and shall record the income taxes the water or wastewater utility pays in accumulated deferred income taxes for accounting and ratemaking purposes.
A water or wastewater public utility is solely responsible for funding the income taxes on taxable contributions in aid of construction and customer advances for construction and shall record the income taxes the water or wastewater utility pays in accumulated deferred income taxes for accounting and ratemaking purposes.
History
(2021-23, s. 25; 2021-76, s. 4.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.