Idaho Code 61-1003 – Returns — Forms and Preparation — Time of Filing and First Fee Payment
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On or before April 1st of each year, each public utility and railroad corporation subject to the jurisdiction of the commission, shall file with the commission a return verified by an officer or agent of the public utility or railroad corporation involved, showing its gross operating revenues from its intrastate utility or railroad business in Idaho for the preceding calendar year during which it carried on such intrastate utility or railroad business. Such return shall be in such form and detail as the commission may prescribe and shall be subject to audit by the commission.
The first return hereunder shall set forth the gross operating revenues derived from intrastate utility or railroad business during the calendar year 1954. The first quarter biennium installment of fees due on the 1955-1956 fiscal appropriation shall be made on or before May 15, 1955, and semiannually thereafter as provided in section 61-1005 of this act.
Terms Used In Idaho Code 61-1003
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.