---
title: O.C.G.A. § 46-2-26.2. Tax accounting by utilities in rate-making proceedings.
collection: code
id: 46-2-26.2
cite_as: O.C.G.A. § 46-2-26.2 (2025)
canonical_url: https://georgiacommons.org/code/46-2-26.2
md_url: https://georgiacommons.org/code/46-2-26.2.md
text_url: https://georgiacommons.org/code/46-2-26.2/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=96
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / PUBLIC SERVICE COMMISSION / JURISDICTION, POWERS, AND DUTIES GENERALLY
---

# O.C.G.A. § 46-2-26.2. Tax accounting by utilities in rate-making proceedings.

For purposes of determining a utility’s cost of service in rate-making proceedings, the income tax expense portion shall be calculated on the basis of net income before income taxes. Any difference between income based on the utility’s accounting records and income determined in accordance with United States Internal Revenue Service laws and regulations will be accounted for as required by generally accepted accounting principles governing all businesses.

## History

Code 1933, § 93-307.4, enacted by Ga. L. 1981, p. 121, § 5.