If the company also had $100 million of R&E expenditures each year, the amended legislation is most impactful in the adoption year of 2022, and has a decreasing impact over a six year period, with the total deduction in 2027 and thereafter equal to prior regulation, as illustrated in the table below:

Illustrative Example B (Cumulative amortization impact in year one through year six under amended regulation if R&E expenditure is $100.0M each year) (in millions)		2022				2023				2024				2025				2026			2027 and thereafter
R&E Expenditure	$	100.0			$	100.0			$	100.0			$	100.0			$	100.0			$	100.0
R&E Income Tax Deduction	$	10.0			$	30.0			$	50.0			$	70.0			$	90.0			$	100.0
Cash flow benefit from tax deduction	$	2.1			$	6.3			$	10.5			$	14.7			$	18.9			$	21.0
Cash flow benefit from previous regulation	$	21.0			$	21.0			$	21.0			$	21.0			$	21.0			$	21.0
Difference in cash flow benefit	$	(18.9	)		$	(14.7	)		$	(10.5	)		$	(6.3	)		$	(2.1	)		$	—

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