The Whys and Hows of Energy Taxes

The federal government provides a production tax credit for "nonconventional oil" (essentially a subsidy for coalbed methane), generous depreciation allowances for intangible expenses associated with drilling, and generous percentage depletion allowances for oil and gas. In addition to the...

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Bibliographic Details
Published in:Issues in science and technology 2008, Vol.24 (2), p.45-50
Main Authors: HASSETT, KEVIN A., METCALF, GILBERT E.
Format: Article
Language:English
Subjects:
Carbon dioxide emissions
Carbon taxes
Coalbed methane
Corporate taxes
Depletion allowances
Developed Nations
Economics
Emissions
Ending the Inertia on Energy Policy
Energy conservation
Energy consumption
Energy policy
Energy tax
Ethanol
Fuels
Gas guzzlers
Gasoline taxes
Geothermal power
Government subsidies
Grants
Incentives
Industrialized nations
Investment tax credits
Oil consumption
Optimal taxation
Organization of Petroleum Exporting Countries
Petroleum industry and trade
Petroleum products
Petroleum, Taxation
Pollution
Power plants
Price increases
Production costs
Production taxes
Renewable energy sources
Subsidies
Tax Credits
Tax increases
Tax policy
Tax subsidies
Taxation
Taxes
U.S., Foreign relations
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Summary:The federal government provides a production tax credit for "nonconventional oil" (essentially a subsidy for coalbed methane), generous depreciation allowances for intangible expenses associated with drilling, and generous percentage depletion allowances for oil and gas. In addition to the ethanol subsidy, the federal tax code provides investment tax credits for solar and geothermal power production and advanced coal-burning power plants under section 48 of the tax code.
ISSN:0748-5492
1938-1557