§ 62‑133.12B.  Computation of income tax expense for ratemaking purposes; taxable contributions.

A water or wastewater public utility is solely responsible for funding the income taxes on taxable contributions in aid of construction and customer advances for construction and shall record the income taxes the water or wastewater utility pays in accumulated deferred income taxes for accounting and ratemaking purposes. (2021‑23, s. 25; 2021‑76, s. 4.)