Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 165. Corporation Commission |
Chapter 70. Minimum Standard Filing Requirements in Support of a Request by a Public Utility Doing Business in Oklahoma for a Proposed General Rate Change |
Subchapter 5. Filing Requirements - Class A or B Utilities |
Part 5. SUPPLEMENTAL PACKAGE |
SECTION 165:70-5-30. Section J - Income taxes
Latest version.
- (1) W/P J-1 - Test Year Calculation of Taxes: An analysis showing the separate calculation of current income tax expense and deferred income tax expense.(2) W/P J-2 - Reconciliation of Taxes: A reconciliation of per book income and taxable income for the test year.(3) W/P J-3 - Deferred Income Taxes: A reconciliation of deferred income taxes recognized for ratemaking purposes and used as a rate base deduction with the recorded deferred income taxes. Identify all differences.(4) W/P J-4 - Deferred Income Taxes-Timing Differences Other Than Depreciation: A schedule of deferred income taxes showing the timing differences applicable to differences other than those related to depreciation. Also include a calculation of overstated or understated deferred income taxes related to the above which resulted from changes in income tax rates and the amounts which have been amortized and included in the cost of service or which resulted in refunds to the utility's ratepayers.(5) W/P J-5 - Deferred Income Taxes-Depreciation: An analysis of deferred income tax liabilities related to depreciation to the extent they apply as follows:PlusNet depreciable book basisMinusEquity allowance for funds used during constructionMinusInvestment tax credit basis adjustmentMinusOther identified permanent differencesEqualsNet book basis less major permanent differencesMinusNet depreciable tax basisEqualsDifferenceTimesCurrent tax rateEqualsDeferred tax liabilityMinusDepreciation related to deferred income taxes per booksEqualsDifference from recorded deferred income tax liability(6) W/P J-6 - Deferred Income Taxes Unrecorded: A list, with explanations, for the unrecorded deferred income tax liabilities identified in W/P J-5 in (5) of this Section. Identify the amount of the unrecorded deferred income taxes that shall be collected from the ratepayers, and provide all documentation and explanations to support that position. Identify the amount of any adjustment that shall be made to deferred income taxes for unrecorded amounts.