The Taxation and Accounting Committee of the American Bar Association's Section of Public Utility, Communications and Transportation Law. The Section of Public Utility, Communications and Transportation Law brings together members of the bar interested in the rapidly changing legal environment in the communications, cable TV, internet, electricity, gas, oil pipelines, aviation, motor carriers, railroads, and water industries. The third oldest Section in the ABA, the Section was established in 1917 when public interest demanded regulation of these fields. The Section currently has approximately 3,900 members, plus over 3,000 law students.

The Taxation and Accounting Committee prepares semiannual reports focused on developments in federal income taxation that are particularly relevant to companies in regulated and previously regulated industries. These companies face unique tax issues resulting from industry-specific taxation, as well as unique issues arising from the application of general tax principles. The committee also focuses on the tax and accounting issues associated with the corporate transactions of these companies as they respond to the deregulation and internationalization of their industries with mergers, acquisitions, spinoffs and global expansion. In addition, the committee monitors certain state law issues, including the application of state income taxes and other taxes to such companies, and the treatment of tax expense in cost of service determinations for rate regulation purposes.