Texas Utilities Code - Section 36.059. Treatment Of Certain Tax Benefits
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Texas Laws > Utilities Code > Texas Utilities Code - Section 36.059. Treatment Of Certain Tax Benefits
Section: 36.052 36.053 36.054 36.055 36.056 36.057 36.058 36.059 36.060 36.061 36.062 36.063 36.064 36.065 36.101
§ 36.059. TREATMENT OF CERTAIN TAX BENEFITS. (a) In
determining the allocation of tax savings derived from liberalized
depreciation and amortization, the investment tax credit, and the
application of similar methods, the regulatory authority shall:
(1) balance equitably the interests of present and
future customers; and
(2) apportion accordingly the benefits between
consumers and the electric or municipally owned utility.
(b) If an electric utility or a municipally owned utility
retains a portion of the investment tax credit, that portion shall
be deducted from the original cost of the facilities or other
addition to the rate base to which the credit applied to the extent
allowed by the Internal Revenue Code.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Last modified: August 11, 2007