(a) Distribution companies may take a deduction on their electricity consumption tax return for the amount of the electricity consumption tax previously paid to the department for a consumer:
- (1) Whose account has been deemed uncollectible by the distribution company; and
- (2) For whom the distribution company has taken a bad debt deduction under the provisions of the current U.S. Internal Revenue Code.
- (b) Distribution companies shall increase the amount of electricity consumption tax payable to the department of revenue administration in a month by reporting the amount of a consumer’s tax previously deducted by the distribution company but which was then collected during the current month..
Source. #7479, eff 4-24-01; ss by #9443, eff 4-1-09; ss by #12138, eff 3-22-17