Contributions In Aid Of Construction Definition
Contributions In Aid Of Construction Definition. Contributions in aid of construction (ciac) include the cost of property or money received by a utility to be used directly or indirectly for the construction or acquisition of plant. Search, browse and learn about the federal register.
This definition appears very frequently and is found in the following acronym finder categories: (iii) the amount of contributions in aid of construction that the taxpayer failed to expend for qualified property as required under paragraph (c)(1) of this section, identified by. The ferc chart of accounts and accounting standards shows the proper accounting for ciac, but there are 2.
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A contribution in aid of construction may include an. Definition of ciac, what does ciac mean, meaning of ciac, contributions in aid of construction, ciac stands for contributions in aid of construction Show all (47)most common (1)technology (6)government & military (11)science & medicine (3)business (5)organizations (30)slang / jargon (4) acronym definition ciac.
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For purposes of section 118 (c) and this section, the term contribution in aid of construction means any. Contributions in aid of construction (ciac) include the cost of property or money received by a utility to be used directly or indirectly for the construction or acquisition of plant. Early in 2001, the internal revenue service released its new rules on contributions in aid of construction (ciac).
For Purposes Of Section 118 (C) And This Section, The Term Contribution In Aid Of Construction Means Any Amount Of Money Or Other Property Contributed To A Regulated Public.
The payment is called a contribution in aid of construction, or ciac. Or ciac means property, other than locally assessed real property, of a public utility company that is used by the public utility company in providing. Early in 2001, the internal revenue service released its new rules on contributions in aid of construction (ciac).
Definition Of Contribution In Aid Of Construction Under Section 118 (C) A Proposed Rule By The Internal Revenue Service On 12/20/1999.
Developers, builders, governmental agencies and municipalities will provide the entity with cash, or in some cases property, to extend its services to their properties. The ferc chart of accounts and accounting standards shows the proper accounting for ciac, but there. An unconditional transfer of cash or other assets to an entity or a settlement or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other.
Examples Of Contribution In Aid Of Construction, In A Sentence Contribution In Aid Of Construction Means A Nonrefundable Cash Payment Covering The Costs Of An Extension That Are In.
Corporations do not have to include into gross income amounts received as a contribution to capital. Define contributions in aid of construction. Under the general rule, any contribution in aid.
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