Black Hills Corp. to Bear Tax Ameliorate Allowances to Arkansas Account Customers
FAYEYETTEVILLE, Ark. – Oct. 9, 2018 – Black Hills Corp. (NYSE: BKH) today appear that its Arkansas gas account subsidiary, Black Hills Energy, will accommodate federal assets tax ameliorate benefits, consistent from the December 2017 access of the federal Tax Cuts and Jobs Act, to its barter in Arkansas basic Oct. 15, 2018.
The Arkansas Public Account Agency on Sept. 26, 2018, accustomed Black Hills Energy’s appeal to canyon forth the allowances to barter of a lower accumulated federal assets tax rate, which was bargain from 35 percent to 21 percent alpha Jan. 1, 2018. The agency accustomed the company’s appeal to acquittance $8.2 actor of tax ameliorate allowances accumulated from Jan. 1 through Oct. 15, 2018, to account barter through a account acclaim to their bills alpha in mid-October and continuing through May 2019. For periods afterwards October 15, 2018, the allowances of the bargain federal assets tax amount will be included in chump rates. Those allowances will absolute about $1.5 actor for the aeon October 15 to December 31, 2018 and about $6.2 actor per year thereafter.
“We are admiring to agree a plan to bear accumulation from tax ameliorate anon to our Arkansas customers,” said Linn Evans, admiral and arch operating administrator of Black Hills Corp. “We strive to bear abiding amount to our customers, and it is our advantage to be able to accommodate them with these banking benefits. We appetite to acknowledge the Arkansas Public Account Agency for their affiliation in carrying these allowances to our customers.”
Upon access of the Tax Cuts and Jobs Act in December 2017, Black Hills appear its absorbed to coact with account commissions in the states in which it provides account account to bear to barter the allowances of a lower accumulated federal assets tax rate. Black Hills has now accustomed accompaniment account agency approvals in six states to accommodate the allowances of federal tax ameliorate to account customers. Black Hills has about completed its tax ameliorate action and expects its final accompaniment filing by year-end. A account of states area allowances to barter of federal tax ameliorate accept been accustomed is listed below.
Black Hills CorporationBlack Hills Corp. (NYSE: BKH) is a chump focused, growth-oriented account aggregation with a attitude of convalescent activity with activity and a eyes to be the activity accomplice of choice. Based in Rapid City, South Dakota, the aggregation serves 1.25 actor accustomed gas and electric account barter in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More advice is accessible at www.blackhillscorp.com, www.blackhillscorp.com/corporateresponsibility and www.blackhillsenergy.com.
Investor RelationsJerome E. Nichols 605-721-1171 [email protected]
24-Hour Media Relations Line888-242-3969
Caution Regarding Advanced Attractive StatementThis account absolution includes “forward-looking statements” as authentic by the Securities and Exchange Commission, or SEC. We accomplish these advanced statements in assurance on the safe anchorage protections provided beneath the Private Securities Litigation Ameliorate Act of 1995. All statements, added than statements of absolute facts, included in this account absolution that abode activities, contest or developments that we expect, accept or ahead will or may action in the approaching are advanced attractive statements. This includes our adeptness to access account agency approvals for carrying allowances to barter accompanying to federal assets tax reform. These advanced statements are based on assumptions which we accept are reasonable based on accepted expectations and projections about approaching contest and industry altitude and trends affecting our business. However, whether absolute after-effects and developments will accommodate to our expectations and predictions is accountable to a cardinal of risks and uncertainties that, amid added things, could account absolute after-effects to alter materially from those independent in the advanced statements, the accident factors declared in Account 1A of Part I of our 2017 Annual Report on Form 10-K filed with the SEC, and added letters that we book with the SEC from time to time.
New factors that could account absolute after-effects to alter materially from those declared in advanced attractive statements appear from time-to-time, and it is not accessible for us to adumbrate all such factors, or the admeasurement to which any such agency or aggregate of factors may account absolute after-effects to alter from those independent in any advanced statement. We accept no obligation to amend about any such advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.
This advertisement is broadcast by West Corporation on account of West Corporation clients. The issuer of this advertisement warrants that they are alone amenable for the content, accurateness and dness of the advice independent therein. Source: Black Hills Corporation via Globenewswire
Copyright: For absorb information, amuse analysis with the benefactor of this item, Thomson Reuters.
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