Celebrating 75 Years of Serving Nevada’s Legal, Business, Government, and Civic Communities

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

In 2024, McDonald Carano celebrates 75 years of serving Nevada’s legal, business, government, and civic communities. More than 60 lawyers and government relations professionals serve state, national, and international clients from our offices in Reno, Las Vegas, and Carson City. McDonald Carano provides legal services and government affairs and advocacy counsel to startups, corporations, trade associations, nonprofits, public entities, high-net-worth individuals, investors, and public-private partnerships throughout Nevada. We are proud to be your Nevada law firm since 1949.

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