ARM 38.5.2902
ARM 38.5.2902. DEFINITION
Cite as Mont. Admin. R. 38.5.2902
(1) The term contribution in aid of construction refers to all money or other property received by a public utility that it must include in its taxable income as a result of the repeal of IRC Sec. 118 (b) . It includes money or other property received by a regulated public utility to pay for the cost of additional plant or to pay the cost of modifying existing plant.