Quarterly Business Review

3rd Quarter, 1997

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TABLE 7: PUBLIC UTILITY TAX:

GROSS INCOME, TAXABLE INCOME & TAX DUE

STATEWIDE AMOUNTS BY INDUSTRY

3RD QUARTER, 1997

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                                             OPERATING INCOME SUBJECT TO TAX      ACCRUED  
       TYPE OF UTILITY                           GROSS            TAXABLE        STATE TAX 
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WATER DISTRIBUTION...........    5.029%      $151,771,149      $142,555,786     $7,165,365 
  WATER SUPPLY ..............                 132,087,978       123,700,332      6,219,169 
  MISCELLANEOUS .............                  19,683,171        18,855,454        946,196 
                                                                                           
SEWER COLLECTION.............    3.852         73,969,826        42,521,610      1,637,203 
  SEWERAGE SYSTEMS...........                  45,294,225        20,621,690        794,044 
  MISCELLANEOUS .............                  28,675,601        21,899,920        843,159 
                                                                                           
EXPRESS .....................    3.852          3,887,664           452,926         17,446 
                                                                                           
POWER .......................    3.873        868,683,900       701,172,623     27,156,407 
                                                                                           
GAS DISTRIBUTION/TELEGRAPH ..    3.852         95,901,220        84,904,599      3,270,473 
  TELEGRAPH .................                       7,369               819              - 
  GAS .......................                  35,734,319        29,699,934      1,144,043 
  GAS/ELECTRIC ..............                   6,880,293         6,834,572        263,268 
  MISCELLANEOUS .............                  53,279,239        48,369,274      1,863,162 
                                                                                           
MOTOR TRANSPORTATION ........    1.926        902,268,173       200,777,909      3,852,866 
  MANUFACTURING .............                  32,085,037        14,958,240        286,891 
  LOCAL/SUBURBAN TRANSIT ....                  36,667,221         9,463,524        181,606 
  TRUCKING ..................                 513,273,399       130,831,228      2,512,003 
  RAILROADS .................                 155,886,154        11,260,087        216,864 
  MISCELLANEOUS .............                 164,356,362        34,264,830        655,502 
                                                                                           
URBAN TRANSPORTATION ........    0.642         91,206,230        78,308,033        500,626 
  LOCAL/SUBURBAN TRANSIT ....                  20,574,354        14,663,953         93,436 
  TRUCKING ..................                  51,085,757        45,667,107        292,544 
  MISCELLANEOUS .............                  19,546,119        17,976,973        114,646 
                                                                                           
OTHER PUBLIC SERVICE ........    1.926        157,665,717        32,635,193        628,007 
  WATER TRANSPORT ...........                 138,010,226        24,209,911        466,171 
  MISCELLANEOUS .............                  19,655,491         8,425,282        161,836 
                                                                                           
TOTAL........................              $2,345,353,879    $1,283,328,679    $44,228,393 
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