Proceedings of the Annual Iowa State University Regulatory Conference on Public Utility Valuation and the Rate Making Process, Volume 26Iowa State University., 1987 |
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Page 204
II . REDUCTION IN CORPORATE TAX RATES Under prior law , corporate taxable income was subject to tax under a five - step graduated tax rate structure . The top corporate tax rate was 46 percent on taxable income over $ 100,000 . Under ...
II . REDUCTION IN CORPORATE TAX RATES Under prior law , corporate taxable income was subject to tax under a five - step graduated tax rate structure . The top corporate tax rate was 46 percent on taxable income over $ 100,000 . Under ...
Page 213
... corporate income tax ; or ( 2 ) the excess of the regular corporate income tax over 75 percent of the tentative minimum tax ) . The Act provides that the general business credit can only be used to offset the regular corporate income ...
... corporate income tax ; or ( 2 ) the excess of the regular corporate income tax over 75 percent of the tentative minimum tax ) . The Act provides that the general business credit can only be used to offset the regular corporate income ...
Page 228
... corporate income tax in subsequent tax years . In some state jurisdictions , Account 186 ( and 174 ) are not ... corporate income tax exceeds the alternative minimum tax , the minimum tax credit can be used to offset the regular ...
... corporate income tax in subsequent tax years . In some state jurisdictions , Account 186 ( and 174 ) are not ... corporate income tax exceeds the alternative minimum tax , the minimum tax credit can be used to offset the regular ...
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accounting ACRS addition adjustment airline allocation allowed alternative minimum tax amount antitrust laws assets AT&T basis benefits BOCs bypass capital recovery carriers cogeneration Commission competition competitors Computer construction consumers corporate income tax cost Court customers December 31 deferred tax depreciation reserve deregulation effect Enron equipment estimated expense facilities federal FERC future impact increased industry inside wire interexchange investment tax credit Iowa State Regulatory issues long distance megawatts method million monopoly natural gas natural monopoly Northern Natural obsolescence operating percent pipeline placed in service plant problems production protect public utility purchase PURPA rate base rate-of-return regulation reduced regular corporate income regulation reserve result retirement revenue SCANA significant social contract supra note survivor curves switching tax liability tax rate Tax Reform Act taxpayer telecommunications telephone companies Texas Transco transitional rules transmission utility's vintage