§ 32.7250   Provision for deferred operating income taxes—net.

   (a) This account shall be charged or credited, as appropriate, with contra
   entries recorded to the following accounts for income tax expense that has
   been deferred in accordance with § 32.22 of subpart B.

   4100   Net Current Deferred Operating Income Taxes

   4340   Net Noncurrent Deferred Operating Income Taxes

   (b) Subsidiary record categories shall be maintained to distinguish between
   property and nonproperty related deferrals and so that the company may
   separately report that amounts contained herein that relate to Federal,
   state and local income taxes. Such subsidiary record categories shall be
   reported as required by part 43 of this Commission's Rules and Regulations.

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