AMERICAN JOBS ACT Sample Clauses

AMERICAN JOBS ACT. DOMESTIC PRODUCTION ACTIVITIES DEDUCTION ISSUE: In calculating the Federal income tax deduction for Domestic Production Activities, San Xxxxxxx and DRA applied different methodologies. San Xxxxxxx applied a simplified method to forecast the deduction used in the forecasted Federal income tax calculation for the Test Year. DRA used a more complex method for its forecast, applying the production percentages from San Gabriel’s 2009 Federal Income Tax Return for revenue, expense, and depreciation to DRA’s forecasted Test Year numbers. RESOLUTION: San Gabriel and DRA agree that the formula recommended by DRA will provide a reasonable estimate of the Domestic Production Activities Deduction, with all revenue, expense, and depreciation calculations based on adopted numbers. Issue SGV Direct SGV Rebuttal DRA Report Difference Settlement American Jobs Deduction to Act – Domestic Production Activities $122,900 $351,000 $787,300 $436,300 be calculated by DRA’s recommended Deduction formula. REFERENCES: Exhibit SG-1, Chapter 7, p. 7-1 and Tables 7C-1 and 7C-2; Exhibit DRA-1 (Xxxxxxxxxx), pp. 6-4 to 6-5; Exhibit SG-16 (Batt), pp. 4-5.
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