47 CFR 32.7230
§ 32.7230 Operating state and local income taxes.
United States · 47 CFR — Telecommunication · Status: effective
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- Citation
- 47 CFR 32.7230, § 32.7230 Operating state and local income taxes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/235407
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Full text
(a) This account shall be charged and Account 4070, Income Taxes—Accrued, shall be credited for the amount of state and local income taxes for the current period. This account shall also reflect subsequent adjustments to amounts previously charged.
(b) Taxes should be accrued each month on an estimated basis and adjustments made as later data becomes available.
(c) No entries shall be made to this account to reflect interperiod tax allocations.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.