California Revenue and Taxation Code

§ 40043

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

RTC § 40043Div. 2 · Part 19 · Ch. 3

Statute text

View on leginfo.ca.gov

The consumption by an electric utility of purchased electrical energy that is used directly, lost by dissipation or unaccounted for in accordance with generally accepted accounting principles by the electric utility in the process of generation, transmission and distribution of electrical energy is exempt from the surcharge.

Legislative history

Added by Stats. 1974, Ch. 991.