Georgia § 46-2-26-2 Tax accounting by utilities in rate-making proceedings

Georgia Statutes

§ 46-2-26-2 — Tax accounting by utilities in rate-making proceedings

Georgia § 46-2-26-2

Title46

This text of Georgia § 46-2-26-2 (Tax accounting by utilities in rate-making proceedings) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 46-2-26-2 (2026).

Text

For purposes of determining a utility's cost of service in rate-making proceedings, the income tax expense portion shall be calculated on the basis of net income before income taxes. Any difference between income based on the utility's accounting records and income determined in accordance with United States Internal Revenue Service laws and regulations will be accounted for as required by generally accepted accounting principles governing all businesses.

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For purposes of determining a utility's cost of service in rate-making proceedings, the income tax expense portion shall be calculated on the basis of net income before income taxes. Any difference between income based on the utility's accounting records and income determined in accordance with United States Internal Revenue Service laws and regulations will be accounted for as required by generally accepted accounting principles governing all businesses.