Goto Section: 32.4340 | 32.4350 | Table of Contents

FCC 32.4341
Revised as of
Goto Year:1996 | 1998
Sec. 32.4341  Net deferred tax liability adjustments.

    (a) This account shall include the portion of deferred income tax 
charges and credits pertaining to Accounts 32.1437, Deferred Tax 
Regulatory Asset, and 32.4361, Deferred Tax Regulatory Liability.
    (b) This account shall be used to record adjustments to the 
accumulated deferred tax liabilities recorded in Accounts 4100 and 4340 
for:
    (1) Tax effects of temporary differences accounted for under the 
flow-through method or treated as permanent differences.
    (2) Reclassification attributable to changes in tax rates (Federal, 
state and local). As tax rates increase or decrease, the offsetting 
debit or credit will be recorded in Account 1437 and/or 4361 as required 
by paragraph (a) of this section.
    (3) The tax effects of carryforward net operating losses and 
carryforward investment tax credits expected to reduce future taxes 
payable that are reported in published financial statements.
    (4) Reversals of the tax effects of carryforward net operating 
losses and carryforward investment tax credits previously recorded in 
this account at the time they become recognized as reductions in current 
taxable income and current taxes payable on tax returns.
    (c) This account shall be exempt from the vintage year detail record 
requirements of Sec. 32.22(e)(2).
[59 1997 FR 9419 , Feb. 28, 1994]


Goto Section: 32.4340 | 32.4350

Goto Year: 1996 | 1998
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.
hallikainen.com
Helping make public information public