IOU tax preference continues
Journal Article
·
· Public Power; (United States)
OSTI ID:5746611
A comparison of federal income taxes charged to investor-owned utilities (IOUs) in 1984 shows that the typical private utility received more in tax breaks than it was billed for federal taxes. The 111 utilities in this study took $2.1 billion in investment tax credit deduction and $4.6 billion in net tax deferrals during 1984. Private utilities pay significantly less federal taxes than most other corporations, and citizen groups have found discrepancies between what a power company collects in taxes from its customers and what it actually pays to the federal government in taxes. This helps to explain the growth in private utility profits, which outpaced those of other corporations in 1984. A chart comparing the utilities in the study lists them alphabetically by state. 1 table.
- OSTI ID:
- 5746611
- Journal Information:
- Public Power; (United States), Journal Name: Public Power; (United States) Vol. 44:2; ISSN PUPOA
- Country of Publication:
- United States
- Language:
- English
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