...for tax purposes. Fhis is because the current tax reluction reduces the rates charged to :ustomers, which in turn reduced the utility's taxable income and therefore reduces its income tax. This second level of tax reduction is passed on to the utility's customers, with the same effect. Assuming...

...substantial one. " House Kept. 91-413, 2 US Congressional and Administrative News 1969, p. 1782. * * • the current tax reduction reduces the rates charged to customers, which in turn reduces the utility's taxable income and therefore reduces its income tax. This second level of tax...

...the customers of a utility that is already earning its maximum permissible profit on its investment, results in a doubling of the Government's loss of...reduces the rates charged to customers, which in turn reduces the utility's taxable income and therefore reduces its income tax. This second level of tax...

...eliminated the working capital Congress intended to provide and resulted in a loss of Treasury revenues. "This is because the current tax reduction reduces the rates charged to customers which in turn reduces the utility's taxable income and, therefore, reduces its income tax. This second level of tax...

...eliminated the working capital Congress intended to provide and resulted in a loss of Treasury revenues. "This is because the current tax reduction reduces the rates charged to customers which in turn reduces the utility's taxable income and, therefore, reduces its income tax. This second level of tax...

...Means Committee accompanying the Tax Reform Act of 1969 concluded the following: "In general, flowing through the tax deferral to the customers of a utility......reduces the rates charged to customers, which in turn reduces the utility's taxable Income, and therefore, reduces its income tax." (HR No. 91 - 413, 1969-3...

...Means Committee accompanying the Tax Reform Act of 1969 concluded the following: "In general, flowing through the tax deferral to the customers of a utility......of revenue from the use of accelerated methods of depredation for tax purposes. This 1s because the current tax reduction reduces the rates charged to...

...the customers of a utility that is already earning its maximum permissible profit on its investment, results in a doubling of the Government's loss of...reduced the utility's taxable income and therefore reduced its income tax. This second level of tax reduction is passed on the the utility's customers,...

...the customers of a utility that is already earning its maximum permissible profit on its investment, results in a doubling of the Government's loss of...reduced the utility's taxable income and therefore reduced its income tax. This second level of tax reduction is passed on to the utility's customers,...