StacksVerified U.S. regulatory reference

47 CFR §32.7230

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)This account shall be charged and Account 4070, Income Taxes—Accrued, shall be credited for the amount of state and local income taxes for the current period. This account shall also reflect subsequent adjustments to amounts previously charged.
  2. (b)Taxes should be accrued each month on an estimated basis and adjustments made as later data becomes available.
  3. (c)No entries shall be made to this account to reflect interperiod tax allocations.