Account 7200, operating expenses, includes the taxes arising from the operations of the company. Operating taxes include operating investment tax credits, operating federal income taxes, operating state and local income taxes, operating other taxes, and the provision for deferred operating income taxes.

Cross-References: Operating taxes, 47 C.F.R. § 32.7200 (1991); Operating taxes - account 7200, 47 C.F.R. § 36.411(a) (1991).

Source: 19 SDR 111, effective January 31, 1993.

General Authority: SDCL 49-1-11 , 49-31-5 , 49-31-18 .

Law Implemented: SDCL 49-31-18 .