Gaming Companies Win Reprieve from PUC on Increased Revenue From Last Year’s Tax Bill
July 6, 2018, The Nevada Independent, By Riley Snyder
Nevada energy regulators are pumping the brakes on a complex tax withholding system used by NV Energy amid charges from critics that the utility isn’t completely giving up all benefits from last year’s tax bill to Nevada ratepayers.
In an order granted last month, the state Public Utilities Commission required NV Energy to temporarily place excess accumulated deferred income taxes (ADIT) — taxes on capital investments that utilities are allowed to spread out over a period of time as a way to encourage capital investment — into a separate holding account, until the commission comes to a final decision on how to treat utilities in light of the changes made to the federal tax code last year. To read entire article click here.
About McDonald Carano
McDonald Carano has helped to shape the Nevada business and legal landscape for 70 years. With more than 60 lawyers and government affairs professionals in our offices in Las Vegas and Reno, we are Nevada's law firm for business. We proudly represent Fortune 500 companies, financial and governmental institutions, fast-growth and mid-market companies, entrepreneurs, start-up ventures, non-profit organizations and individuals. Our attorneys deliver cross-discipline, one-stop, commercial law and government affairs counsel. Our dedication to clients, innovative thinking and practical solutions based in sound business and legal judgments are at the heart of our practice. For more information, visit mcdonaldcarano.com, call 775.788.2000 (Reno office), or 702.873.4100 (Las Vegas office) or reach us by email at email@example.com.
You have chosen to send an email to McDonald Carano. The sending or receipt of this email and the information in it does not in itself create an attorney-client relationship. If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers. If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you.
I have read this and want to send an email.