38.5.2902    DEFINITION

(1) The term contribution in aid of construction refers to all money or other property received by a public utility that it must include in its taxable income as a result of the repeal of IRC Sec. 118 (b) . It includes money or other property received by a regulated public utility to pay for the cost of additional plant or to pay the cost of modifying existing plant.

History: Sec. 69-3-103, MCA; IMP, Sec. 69-3-102, MCA; NEW, 1988 MAR p. 731, Eff. 4/15/88.