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Texas comptroller rules on electricity transmission and distribution cost inclusion in COGS deduction

The Texas comptroller of public accounts on March 3 issued a letter ruling addressing the inclusion of certain costs incurred by different types of utility providers in the revised Texas franchise tax cost of goods sold deduction. Specifically, the ruling addresses the treatment of electricity transmission and distribution (T&D) costs, franchise fees, property taxes, and insurance costs related to T&D assets and operations.

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