Bill Summaries: H351 (2015-2016 Session)

Tracking:
  • Bill H 351 (2015-2016)
    Summary date: Apr 1 2015 - View summary

    House committee substitute makes the following changes to the 1st edition. Amends Section 1(c) of the bill to add that utility refunds resulting from the reduction of the corporate income tax that are subject to interest do not include any amounts to be refunded arising from excess deferred income taxes due to the reduction in the corporate income tax rate effective for taxable years beginning on or after January 1, 2014. Makes clarifying changes.
    Government, Tax, Public Enterprises and Utilities
    UNCODIFIED
  • Bill H 351 (2015-2016)
    Summary date: Mar 25 2015 - View summary

    Amends Section 4.2 of SL 2013-316 as the title indicates, effective January 1, 2014.

    Also requires the Utilities Commission to order a utility to add interest to money refunded to its customers for refunds resulting from the reduction of the corporate income tax rate effective beginning January 1, 2014. Applies to refunds issued on or after the date the act becomes law. 
    Government, Tax, Public Enterprises and Utilities
    UNCODIFIED

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