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 217
... liability ) on the general business credit . For the calendar taxable year ended December 31 , 1987 , a corporation has a tax liability before tax credits of $ 100,000 . The corporation has ITC ... liability : Tax liability before ITC 217.
... liability ) on the general business credit . For the calendar taxable year ended December 31 , 1987 , a corporation has a tax liability before tax credits of $ 100,000 . The corporation has ITC ... liability : Tax liability before ITC 217.
Page 218
Calculation of 1987 tax liability : Tax liability before ITC : ITC allowed in 1987 : After - credit tax liability : $ 100,000 ( 81,250 ) $ 18,750 Assume for 1988 the corporation again has a before- tax - credit tax liability of ...
Calculation of 1987 tax liability : Tax liability before ITC : ITC allowed in 1987 : After - credit tax liability : $ 100,000 ( 81,250 ) $ 18,750 Assume for 1988 the corporation again has a before- tax - credit tax liability of ...
Page 225
... liability of $ 4 million can use its available investment tax credits to offset up to $ 1 million of its tentative minimum tax liability ; any remaining ITC must be carried forward to subsequent tax years . Alternative Minimum Tax ...
... liability of $ 4 million can use its available investment tax credits to offset up to $ 1 million of its tentative minimum tax liability ; any remaining ITC must be carried forward to subsequent tax years . Alternative Minimum Tax ...
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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