Qualifying Utility

Qualifying Utility

Dividends and other income from stock in a utility company. Between 1981 and 1985, one could defer paying taxes on qualifying utilities if one reinvested this income in the same utility company. This was useful because some governments limited the profits these companies were allowed to make.
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EPM's qualifying utility infrastructure costs are projected to be as much as $150 million, so the incentive program has the potential to significantly reduce the company's investment risk by reducing its net capital expenditure costs.