Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE83. PUBLIC UTILITIES |
PART650. UNIFORM SYSTEM OF ACCOUNTS FOR SEWER UTILITIES |
SUBPARTB. ADDITIONS TO AND DELETIONS FROM NARUC UNIFORM SYSTEM OF ACCOUNTS |
§650.4120. Account 412
Latest version.
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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.'"