...credit. This rule would exclude electric, gas, water, telephone, and similar public utility corporations. Investments by these regulated monopoly industries...prescribed after-tax rate of return on investment. The proposal would, however, apply to enterprises in the transportation field (other than the subsidized...

...credit. This rule would exclude electric, gas, water, telephone, and similar public utility corporations. Investments by these regulated monopoly industries...prescribed after-tax rate of return on investment. The proposal would, however, apply to enterprises in the transportation field (other than the subsidized...

...monopoly industries are largely governed by determined public requirements and are subject to resulated consumer service charges designed to provide a prescribed after-tax rate of return on investment." [Emphasis added.] It is significant and pertinent to the proposition we are developing to note that...

...expense of the revenues to the Treasury, since the regulated utility industries are subject to regidated consumer service charges designed to provide a prescribed after-tax rate of return on investment and their amount of investments are largely determined by determined public requirements — 'thus,...

...telephone, and similar public corporat'ons. Investments by these regulated monopoly industries are Inrgely governed by determined public requirements and are...prescribed after-tax rate of return on investment." Secretary Dillion expressed the Administration's opposition during the 1961 House Ways and Means Committee...

...investment credit, as originally proposed by the Treasury Department in 1962, would have completely excluded public utilities from the credit. The Treasury argued...benefit in these regulated industries is likely to he passed on in lower rates to consumers, thereby negating much of the stimulative effect on investments....

...Department in 1962, would have completely excluded public utilities from the credit. The Treasury ar|fued that, "Investments by these regulated monopoly industries...utilities] is provided * • * because much of its benettt In these regulated industries is likely to be passed on in lower rates to consumers, thereby...

...credit/ as originally proposed by the Treasury Department in 1962 / would have completely excluded public utilities from the credit. The Treasury argued...decision as follows: The smaller credit [for public utilties] is provided ... because much of its benefit in these regulated industries is likely to be...

...credit. This rule would exclude electric, gas, water, telephone and similar public utility corporations. Investments by these regulated monopoly industries...prescribed after-tax rate of return on investment The proposal would, however, apply to enterprises in the transportation field (other than the subsidized...

...credit This rule would exclude electric, gas, water, telephone and similar public utility corporations. Investments by these regulated monopoly industries...prescribed after-tax rate of return on investment The proposal would, however, apply to enterprises in the transportation field (other than the subsidized...