Nev. Admin. Code § 704.6518

Current through November 25, 2024

Section 704.6518 - "Reverse South Georgia method" defined

"Reverse South Georgia method" means a method whereby a taxpayer computes the excess tax reserve on all public utility property included in the plant account on the basis of the weighted average life or composite rate used to compute depreciation for regulatory purposes and reduces the excess tax reserve ratably over the remaining regulatory life of the property.

Nev. Admin. Code § 704.6518

Added to NAC by Pub. Service Comm'n, eff. 8-31-89

NRS 703.025, 704.210