ADITCAustralian Drilling Industry Training Committee (Australia)
ADITCAccumulated Deferred Investment Tax Credits
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The Australian Drilling Industry Training Committee Limited (ADITC) presents the fifth edition of this procedural manual for the drilling industry.
Due to the typical lengthy useful life of utility plant for regulatory purposes, utilities employing the deferral method continue to report significant unamortized accumulated deferred /TC (ADITC) as a deferred credit on their balance sheet.
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).