HomeMy WebLinkAbout04-22-93-2.14 - Resolution - 04/22/1993RESOLUTION NO. 4-22-93-2.14
A RESOLUTION OPPOSING H.B. 1209, H.B. 99P5, AND S.B. 412,
REGARDING COMPONENTS OF INCOME TAX EXPENSES USED FOR
ESTABLISHING UTILITY RATES.
WHEREAS, three bills, specifically H.B. 1209, H.B. 2225, and S.B. 412,
have been introduced in the Texas Legislature which will have an adverse
impact on City of College Station utility ratepayers and ratepayers across
the State of Texas; and
WHEREAS, the proposed legislation seeks to require the income tax
component used ~n establishing utility rates to be based upon
"hypothetical tax," not "actual tax." This allows a utility to recover income
taxes from ratepayers which the utility may never be required to pay; and
WHEREAS, such legislation is an attempt to circumvent the adoption of
the actual tax method by the Public Utilities Commission and the Texas
Railroad Commission;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
College Station that it opposes H.B. 1209, H.B. 2225, AND S.B. 412,
regarding components of income tax expenses used for establishing utility
rates.
PASSED and APPROVED this 22nd day of April, 1993.
APPROVED: