<html> <head> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <title>Rule 64:41 UTILITIES</title> <META NAME="Keywords" Content="Administrative Rules 64:41"> <META NAME="Description" Content="Administrative Rules 64:41 UTILITIES"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p align=center><b>ARTICLE 64:41</b></p> <p align=center><b>UTILITIES</b></p> <p>Chapter</p> <p><a href="DisplayRule.aspx?Rule=64:41:01">64:41:01</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interpretive rules -- Railroads.</p> <p><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Declaratory Ruling: </b>Tax incentive credit for replacement and repair of existing railroad tracks may be credited against future taxes if credit exceeds one-third of the current year's taxes. Subsequent years' credits may be added together as long as the total credits do not exceed one-third of the taxes for each year. Unused credits can only be carried forward for two years. Secretary of Revenue Declaratory Ruling No. 76-1.</p> </div> </body> </html>