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Hypothetical tax expense not allowed in rate setting
May a subsidiary water company claim as an expense, for rate‐making purposes, an amount it would owe for income taxes as a single entity when its actual tax liability was zero after a consolidated return was filed? An Illinois appellate court ruled that such a practice could not be allowed.
Hypothetical tax expense not allowed in rate setting
May a subsidiary water company claim as an expense, for rate‐making purposes, an amount it would owe for income taxes as a single entity when its actual tax liability was zero after a consolidated return was filed? An Illinois appellate court ruled that such a practice could not be allowed.
Hypothetical tax expense not allowed in rate setting
1983-06-01
1 pages
Article (Journal)
Electronic Resource
English
Unilateral Rate Increase Allowed
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