Goto Section: 36.411 | 36.421 | Table of Contents
Revised as of September 1, 2021
Goto Year:2020 |
§ 36.412 Apportionment procedures.
(a) For apportionment purposes, the expenses in this account are
segregated into two groups as follows: (1) Operating Federal, State and
local income taxes and (2) all other operating taxes.
(b) Operating Federal, State and local income taxes are apportioned
among the operations on the basis of the approximate net taxable income
(positive or negative) applicable to each of the operations. The
approximate net taxable income from each of the operations is the
summation of the following amounts apportioned to each operation by
means of the procedures set forth in this Manual:
(1) Operating revenues,
(2) Less operating expenses,
(3) Less operating taxes except the net income tax being apportioned
and except any other tax not treated as a deductible item in the
determination of taxable net income for this purpose.
(4) Less operating fixed charges.
(i) The amount of fixed charges attributable to the operations is
obtained by subtracting the tax component (positive or negative)
attributable to other than the operating fixed charges, i.e., fixed
charges on non-operating investments are that proportion of total fixed
charges which non-operating net investments are of total operating and
non-operating net investments.
(ii) Operating fixed charges including interest on Rural Telephone Bank
Stock are apportioned among the operations on the basis of the
separation of the cost of telephone plant less appropriate reserves.
(c) Other operating taxes should be directly assigned to the
appropriate jurisdiction where possible, e.g., Local Gross Receipts may
be directly identified as applicable to one jurisdiction. Where direct
assignment is not feasible, these expenses should be apportioned among
the operations on the basis of the separation of the cost of
Telecommunications Plant in Service—Account 2001.
Equal Access Expenses
Goto Section: 36.411 | 36.421
Goto Year: 2020 |
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