Senators introduce bill to restore tax treatment of CIAC to regulated water utilities
The National Association of Water Companies applauded a bill (S. 2942) introduced last week by U.S. Sens. Jeanne Shaheen (D-N.H.) and Lisa Murkowski (R-Alaska) that would amend the Internal Revenue Code of 1986 to provide that certain contributions are treated as non-taxable contributions to capital. The legislation aims to prevent taxation of Contributions inRead More