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Digital Provenance
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Publisher
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Transcription
2 - If severe reductions were made In the rate base for the Water Utility (Table I, Sheet 2, this memorandum), then the taxable net Inoome would fall under the "Small Corporation" classification. The Production Company is In all instances in the clear. 3 * It also follows that the combined taxable net incomes of the two are always in excess of $50,000. 4 - Under the circumstances, no changes are suggested nor needed. Soy A* Wshe
