ADITCAustralian Drilling Industry Training Committee (Australia)
ADITCAccumulated Deferred Investment Tax Credits
References in periodicals archive ?
As discussed below, the amortization of ADITC into income must be consistent with the method applicable to the taxpayer under the ITC normalization requirements of IRC section 46(f).
The agreement allows the company to accelerate the use of ADITC if year-end return on common equity drops below 11.
The next step will be to seek approval from the Idaho State Tax Commission and the Internal Revenue Service allowing the accelerated amortization of ADITC.