The Massachusetts Appellate Tax Board disallowed a deduction for Indiana utility receipts tax (URT) paid by a natural gas distribution operator with operations in Indiana. The deduction for the URT was disallowed, for purposes of computing Massachusetts...
The Texas Comptroller ruled that the purchase of a battery system did not qualify for the manufacturing exemption from Texas sales and use taxes because it was used to store electricity, not manufacture it. The taxpayer operated a wind farm and began...
A Private Letter Ruling, particularly important to utility
companies that receive payments to facilitate the relocation of
transmission equipment, was recently issued.
A Private Letter Ruling (PLR), particularly
important to utility companies...