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Tax Changes lead to One Third of a Billion Dollars in Reduced Rates

Tax Changes lead to One Third of a Billion Dollars in Reduced Rates

Aug 24, 2018 | Legislative Watch

One third of one billion dollars — that’s the value of rate reductions so far approved by Texas electric utility regulators as a consequence of the 2017 Tax Cuts and Jobs Act. Adopted last December, the federal tax law reduced corporate liability from 35 percent to 21...

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