Illinois Administrative Code
Title 83 - PUBLIC UTILITIES
Part 650 - UNIFORM SYSTEM OF ACCOUNTS FOR SEWER UTILITIES
Subpart B - ADDITIONS TO AND DELETIONS FROM NARUC UNIFORM SYSTEM OF ACCOUNTS
Section 650.4120 - Account 412
Universal Citation: 83 IL Admin Code ยง 650.4120
Current through Register Vol. 48, No. 38, September 20, 2024
In Account 412, "Investment Tax Credits," delete Paragraph B(1) and replace with the following:
"(1) In
amortizing the deferred investment tax credits related to property used in utility
operations, the annual proportional amount credited to Account 412, 'Investment Tax
Credits,' the utility must use Internal Revenue Code Section 46(f)(2) (
26
U.S.C.46(f)(2)) treatment in
proportional amortization to be credited to subaccount 412.11, 'Investment Tax
Credits Restored to Operating Income, Utility Operations.'"
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