Texas § UT.53.059 - TREATMENT OF CERTAIN TAX BENEFITS
Full text of Texas The Texas Constitution § UT.53.059 — TREATMENT OF CERTAIN TAX BENEFITS, with citation guidance and answers to common questions.
§ UT.53.059. TREATMENT OF CERTAIN TAX BENEFITS
TREATMENT OF CERTAIN TAX BENEFITS. (a) In determining the allocation of tax savings derived from liberalized depreciation and amortization, the investment tax credit, and the application of similar methods, the commission shall: (1) balance equitably the interests of present and future customers; and (2) apportion accordingly the benefits between consumers and the public utility. (b) If a public utility retains a portion of the investment tax credit, that portion shall be deducted from the original cost of the facilities or other addition to the rate base to which the credit applied to the extent allowed by the Internal Revenue Code. Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § UT.53.059
What does The Texas Constitution § UT.53.059 cover?
Section UT.53.059 ("TREATMENT OF CERTAIN TAX BENEFITS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § UT.53.059?
A common citation format is "The Texas Constitution § UT.53.059" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § UT.53.059 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.