Section 40023 Of Article 1. Imposition Of Surcharge From California Revenue And Taxation Code >> Division 2. >> Part 19. >> Chapter 2. >> Article 1.
40023
. An electric utility is relieved from liability to collect
the surcharge insofar as the base upon which the surcharge is imposed
is represented by accounts which have been found to be worthless and
charged off in accordance with generally accepted accounting
principles. If the electric utility has previously paid the amount of
the surcharge it may, under regulations prescribed by the board,
take as a deduction on its return the amount found to be worthless
and charged off. If any such accounts are thereafter collected in
whole or in part the surcharge so collected shall be paid with the
first return filed after such collection.
The board may by regulation promulgate such other rules with
respect to uncollected or worthless accounts as it shall deem
necessary to the fair and efficient administration of this part.