Tax - preferential rates, exemptions

Energy Tax Breaks Wiki

Using an open architecture approach, the Energy Tax Breaks Wiki hopes to tabulate information on the applicablity and value of various federal tax breaks to energy in the United States.  The site is a joint project of the Institute for Policy Integrity at New York University School of Law and the Center for Land Use and Environmental Responsibility at the Louis D. Brandeis School of Law at the University of Louisville.

Pennsylvania Fossil Fuel Subsidies: An Overview

Pennsylvania is subsidizing fossil fuels at a cost of almost $2.9 billion per year.  Use of these fuels burdens taxpayers with additional non-monetized externalities such as air, land and water pollution and the associated negative human health and property impacts. Since many of these subsidies were passed years or decades ago, Pennsylvania’s current policymakers may not all be aware that these subsidies exist or understand their cumulative impacts.

Fossil Fuel Subsidies: A Closer Look at Tax Breaks, Special Accounting, and Societal Costs

Numerous energy subsidies exist in the U.S. tax code and have been there for up to a century. In certain cases the circumstances relevant at the time of implementation may no longer exist. Today, for example, the domestic fossil fuel industries (coal, oil, natural gas) are mature and highly profitable, and numerous other energy resources that do not create the negative health and environmental effects associated with the extraction and burning of fossil fuels are available.

Subsidy Gusher: Taxpayers Stuck with Massive Subsidies While Oil and Gas Profits Soar

During World War I, U.S. taxpayers provided the oil and gas industry with its first federal tax break. Over the decades, more lucrative tax breaks have been added. The latest major installment came with the passage of the 2005 Energy Policy Act, which included another $2.6 billion in subsidies for oil & gas companies. But it hasn’t stopped there. As recently as December of 2011, oil and gas companies received more subsidies. Each year the oil and gas industry takes advantage of tax breaks and other subsidies worth billions of dollars.

Scoping Suggestions for NAS Review of Effects of the Tax Code on Greenhouse Gas Emissions

Earth Track's submitted comments on the National Academy of Sciences' upcoming analysis on the effects of the federal tax code on greenhouse gas (ghg) emissions. The comments cover a variety of issues on subsidy valuation and presentation that have arisen during more than twenty years of work in this area.  Issues addressed include subsidy valuation, econometric modeling of subsidy reform, what types of tax policies warrant consideration, and which sectors of the economy should be included.  In each area, recommended approaches are provided. 

Review of selected nuclear tax subsidies in the American Power Act

This memo evaluates three tax subsidies to nuclear power contained in the American Power Act (APA): 5-year accelerated depreciation for reactors; a 10% investment tax credit; and an expansion of a production tax credit for nuclear. The draft Act was floated by Senators John Kerry (D-MA) and Joseph Lieberman (I-CT) in May 2010. Subsidy costs were evaluated using prototype AP1000 and Areva EPR reactor characteristics, and a range of values for cost of capital.

Technical Committee on Business Taxation Report.

(Report in Brief). (Full report can be emailed to you). Report of the Technical Committee of Business Taxation for the Canadian Department of Finance. Committee mandate to review taxes paid by Canadian business and recommend ways of improving the business tax system. Useful background on issues of tax system integration and neutrality, critical elements in understanding federal subsidies to energy.

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