FCC 32.4330 Revised as of October 1, 2007
Goto Year:2006 |
2008
Sec. 32.4330 Unamortized nonoperating investment tax credits—net.
(a) This account shall be credited and Account 7400, Nonoperating Taxes,
shall be debited with investment tax credits generated from qualified
expenditures related to other operations which the company has elected to
defer rather than recognize currently in income.
(b) This account shall be debited and Account 7400 credited with a
proportionate amount determined in relation to the useful book life of the
property to which the tax credit relates.
[ 67 FR 5690 , Feb. 6, 2002]
CiteFind - See documents on FCC website that
cite this rule
Want to support this service?
Thanks!
Report errors in
this rule. Since these rules are converted to HTML by machine, it's possible errors have been made. Please
help us improve these rules by clicking the Report FCC Rule Errors link to report an error.