Form 43 - Nebraska Public Service Entity Tax Report - 2013 Page 2
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63NEBRASKA PUBLIC SERVICE ENTITY REPORT, INSTRUCTIONS (CONT.)
4.
If the respondent has had a rate case resulting in a change of rates during the prior year, a copy of the annual rate case
order must be filed at the time of filing the Form 43. All rate case information must be completed on Schedule 2.
5.
Detail Plant in Service (system wide)--asset listing.
HOW TO COMPLETE THESE SCHEDULES
6.
Complete all applicable schedules in this packet. If a schedule doesn't apply to you, leave it blank.
7.
If you need more space than what's available on a schedule, attach additional sheets.
You must obtain prior approval from the Division if you which use other formats.
8.
The Property Assessment Division will accept photocopies and replicas of this packet. If you need an additional packet,
please call 402-471-5982 or to request additional forms through email. Email requests to: jody.warfield@nebraska.gov
9.
Report all numbers as whole numbers.
10. Keep a copy for your files.
DEFINITIONS
PUBLIC SERVICE
includes any person, association, partnership, joint stock company, or corporation engaged in
ENITIY
street railways, water works, electricity generation, gas works, natural gas, pipeline, telecommun-
ications , and all other like companies in the state of Nebraska.
RESPONDENT
The person, corporation, licensee, agency, authority, or other legal entity or instrumentality in
whose behalf the report is made.
GROSS PLANT IN SERVICE Include owned and leased plant in service.
NET PLANT IN SERVICE
Gross plant in service less accumulated depreciation amortization.
OPERATING REVENUE
All operating revenues.
NET OPERATING INCOME
Utility operating revenues less utility operating expenses and
operating taxes, but before interest expense.
TOTAL MILES OF PIPE
Should be calculated based on 2-inch
diameter equivalent units from the F.E.R.C., Form 6, plant statistical data section.
(in 2-inch equivalent units)
diameter equivalent units from the F.E.R.C., Form 2, plant statistical data section.
TOTAL TRAFFIC UNITS
Barrel-miles as reported on the F.E.R.C., Form 6, statistical data section.
Should be calculated based on MCF miles.
PERSONAL PROPERTY DEFINITIONS
YEAR
Is the number of years since the property was acquired. The depreciation factor
shown for year one shall be the percent used for January 1 of the year following
the year of acquisition. The factor shown for year two shall be the percent used
January 1 of the second year following the year of acquisitions, etc.
DEPRECIABLE TANGIBLE
Is any tangible personal property used by the operating company (system wide)
PERSONAL PROPERTY
for the production of income, and which has a determinable life of more than one year.
NEBRASKA ADJUSTED
Is the adjusted basis for federal income tax purposes increased by the amount of
BASIS FOR FEDERAL
the depreciation, amortization, or deduction under section 179, taken on the personal
DEPRECIATION
property. Generally, this will be the cost of the item.
NET BOOK TAXABLE
Is the taxable value for property tax purposes. It is calculated by multiplying the
VALUE
the Nebraska adjusted basis of the tangible personal property by the appropriate
depreciation factor for the recovery period and year acquired.
LICENCED MOTOR
Taxable value should be based on a five-year depreciation factor. Item, including
VEHICLES
sales tax, freight charges, and installation and testing charges. If property rehabilitation
expenses result in an increased federal adjusted basis of the property, the Nebraska
adjusted basis must be increased accordingly.
2
96-159-99 Revised 3/2013
Authorized by Section 77-801
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