CHARLESTON, W.Va. — The Public Service Commission of West Virginia launched Wednesday its efforts to understand the impact of the Tax Cuts and Jobs Act.
The law went into effect after President Donald Trump signed the bill in December.
According to a press release, the commission has directed privately-owned facilities to track tax savings on a monthly basis beginning this month. Utilities are required to file testimony by May 30 explaining the impact in regards to federal income tax.
The commission is also inviting other parties to submit testimony regarding the new law’s effect on regulated utilities.