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2018 SESSION

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HB 1573 Income tax, corporate; SCC to adjust base rates of electric utilities for changes in rates.

Introduced by: Mark L. Keam | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electric utilities; rate adjustment based on changes in corporate income tax rates. Authorizes the State Corporation Commission to (i) adjust the rates of any investor-owned electric utility to recognize changes in the utility's cost of service associated with the reduction in federal corporate income tax rates resulting from a federal law and (ii) continue to determine income tax costs for any such utility. The measure has an emergency clause.

FULL TEXT

• 01/19/18  House: Presented and ordered printed with emergency clause 18105569D  pdf | impact statement

HISTORY

• 01/19/18  House: Presented and ordered printed with emergency clause 18105569D
• 01/19/18  House: Referred to Committee on Commerce and Labor
• 01/23/18  House: Assigned C & L sub: Subcommittee #3
• 02/06/18  House: Subcommittee recommends reporting (8-Y 1-N)
• 02/08/18  House: Tabled in Commerce and Labor (21-Y 0-N)