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Income Taxes
 3 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The components of federal and state income taxes included in the Consolidated Statements of Income are as follows (in thousands): 
                                                         
Three Months Ended 
 December 31,
                                                         
2014
 
2013
Current Income Taxes 
 

 
 

Federal                                              
$
16,528

 
$
19,707

State                                                  
5,425

 
5,625

 
 
 
 
Deferred Income Taxes                                
 

 
 

Federal                                               
26,193

 
23,206

State                                                    
7,014

 
6,887

 
55,160

 
55,425

Deferred Investment Tax Credit                            
(104
)
 
(109
)
 
 
 
 
Total Income Taxes                                      
$
55,056

 
$
55,316

Presented as Follows:
 

 
 

Other Income
(104
)
 
(109
)
Income Tax Expense
55,160

 
55,425

 
 
 
 
Total Income Taxes
$
55,056

 
$
55,316



Total income taxes as reported differ from the amounts that were computed by applying the federal income tax rate to income before income taxes.  The following is a reconciliation of this difference (in thousands): 
 
Three Months Ended 
 December 31,
 
2014
 
2013
U.S. Income Before Income Taxes
$
139,796

 
$
137,568

 
 

 
 

Income Tax Expense, Computed at U.S. Federal Statutory Rate of 35%
$
48,929

 
$
48,149

 
 
 
 
Increase (Reduction) in Taxes Resulting from:
 

 
 

State Income Taxes
8,085

 
8,133

Miscellaneous
(1,958
)
 
(966
)
 
 
 
 
Total Income Taxes
$
55,056

 
$
55,316


 
On December 19, 2014, President Obama signed into law the Tax Increase Prevention Act of 2014, which did not have a significant impact on income tax expense.