NAC361.214. “Allowance for funds used during construction” defined.

Latest version.

“Allowance for funds used during construction” means the process of capitalizing interest expense on funds used during the construction period. As property does not generate earnings during construction, the capitalized interest expense represents imputed earnings. The capitalized interest becomes part of the total cost of the project.

[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]

                    
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