Title 08 Taxation and Revenue
Chapter 08.10 Utilities, Franchise Taxes
Section 08.10.220 Computation of Income of Tariffed Utilities
Where a taxpayer’s gross income or gross revenues are subject to tariff approval of a regulatory authority and said authority permits or requires the taxpayer to refer the impact of any tax levied pursuant to this chapter upon the municipal rate base, the impact thereof is included in the gross income or gross revenues of the taxpayer. This provision is not to be construed to reduce the gross income or gross revenue of any taxpayer in any circumstance, but is supplemental and in addition to the inclusive definition of gross income or gross revenue in SMC 8.10.010(C).
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34025 Section 1
