Works in the reverse of the SOUTH GEORGIA METHOD. The method was adopted shortly after the Tax Reform Act of 1987 was enacted. The Act reduced the statutory corporate income tax rate from 46% to 34%, which caused the balance in the Deferred Tax Account to be overstated. The "Reverse South Georgia Method" determines the amount of the overstatement and amortizes the excess as a reduction to the cost of service income tax allowance over the remaining book life of the pipeline. See SOUTH GEORGIA METHOD, NORMALIZATION, ACCOUNTING and PROVISIONS FOR DEFERRED INCOME TAXES.