WorldWideScience

Sample records for energy tax credit

  1. Waiting for tax credits

    International Nuclear Information System (INIS)

    Sheinkopf, K.

    1992-01-01

    This article examines the effect of tax credits and related legislation under consideration by Congress on the economics of the renewable energy industry. The topics discussed in the article include conflicting industry opinion on financial incentives, the effectiveness of current incentives, and alternative approaches. The article also includes a sidebar on tax incentives offered by state programs

  2. Refundable Tax Credits

    OpenAIRE

    Congressional Budget Office

    2013-01-01

    In 1975, the first refundable tax credit—the earned income tax credit (EITC)—took effect. Since then, the number and cost of refundable tax credits—credits that can result in net payments from the government—have grown considerably. Those credits will cost $149 billion in 2013, CBO estimates, mostly for the EITC and the child tax credit.

  3. The tax credit devoted to the sustainable development (energy conservation, renewable energies). DGEMP-DIDEME

    International Nuclear Information System (INIS)

    2006-01-01

    The finances law of 2005 created a tax credit devoted to the sustainable development and the energy conservation. This tax credit aims to favor the diffusion of the sustainable energy equipments to reach the french objectives of energy conservation and renewable energies. All the concerned equipment for the individual house are detailed: heating systems, insulating materials, heating control appliances, appliances using the renewable energies, the heat pumps, equipment for the connection to heat networks, supplying by renewable energies or cogeneration. (A.L.B.)

  4. Residential energy-tax-credit eligibility: a case study for the heat-pump water heater

    Energy Technology Data Exchange (ETDEWEB)

    Cohn, S M; Cardell, N S

    1982-09-01

    Described are the methodology and results of an analysis to determine the eligibility of an energy-efficient item for the residential energy-tax credit. Although energy credits are granted only on a national basis, an attempt to determine the tax-credit eligibility for an item such as the heat-pump water heater (HPWH) analyzing national data is inappropriate. The tax-credit eligibility of the HPWH is evaluated for the ten federal regions to take into consideration the regional differences of: (1) HPWH annual efficiency, (2) existing water heater stocks by fuel type, (3) electricity, fuel oil, and natural-gas price variations, and (4) electric-utility oil and gas use for electricity generation. A computer model of consumer choice of HPWH selection as well as a computer code evaluating the economics of tax-credit eligibility on a regional basis were developed as analytical tools for this study. The analysis in this report demonstrates that the HPWH meets an important criteria for eligibility by the Treasury Department for an energy tax credit (nationally, the estimated dollar value of savings of oil and gas over the lifetime of those HPWH's sold during 1981 to 1985 due to the tax credit exceeds the revenue loss to the treasury). A natural-gas price-deregulation scenario is one of two fuel scenarios that are evaluated using the equipment choice and tax-credit models. These two cases show the amounts of oil and gas saved by additional HPWH units sold (due to the tax credit during 1981 to 1985 (range from 13.9 to 23.1 million barrels of oil equivalent over the lifetime of the equipment.

  5. Commercialization of biomass energy projects: Outline for maximizing use of valuable tax credits and incentives

    International Nuclear Information System (INIS)

    Sanderson, G.A.

    1994-01-01

    The Federal Government offers a number of incentives designed specifically to promote biomass energy. These incentives include various tax credits, deductions and exemptions, as well as direct subsidy payments and grants. Additionally, equipment manufacturers and project developers may find several other tax provisions useful, including tax incentives for exporting U.S. good and engineering services, as well as incentives for the development of new technologies. This paper outlines the available incentives, and also addresses ways to coordinate the use of tax breaks with government grants and tax-free bond financing in order to maximize benefits for biomass energy projects

  6. The tax credit in favor of the renewable energies and the energy savings bear fruits

    International Nuclear Information System (INIS)

    2006-01-01

    This document presents in the first part the positive economical results obtained by the implementing in January 2005, of a tax credit majored of 40% in favor of equipments using a renewable energy source. The second part is devoted to other financial incentives in the domain of energy saving and renewable energies uses. Specifications concerning the equipments and legal aspects are presented. (A.L.B.)

  7. Income tax credits and incentives available for producing energy from biomass

    International Nuclear Information System (INIS)

    Sanderson, G.A.

    1993-01-01

    In the 1970's the US became interested in the development of energy from biomass and other alternative sources. While this interest was stimulated primarily by the oil embargoes of the 1970's, the need for environmentally friendly alternative fuels was also enhanced by the Clean Water Act and the Clean Air Act, two prominent pieces of environmental legislation. As a result, Congress created several tax benefits and subsidies for the production of energy for biomass. Congress enacted biomass energy incentives in 1978 with the creation of excise tax exemptions for alcohol fuels, in 1980 with the enactment of the IRC section 29 nonconventional fuel credit provisions and the IRC section 40 alcohol fuel credits, and recently with the addition of favorable biomass energy provisions as part of the Comprehensive National energy Policy Act of 1992. This article focuses on the following specific tax credits, tax benefits and subsidies for biomass energy: (1) IRC section 29 credit for producing gas from biomass, (2) IRC section 45 credit for producing electricity from biomass, (3) Incentive payments for electricity produced from biomass, (4) Excise tax exemptions for alcohol fuels, (5) IRC section 40 alcohol fuels credits, and (6) IRC section 179A special deduction for alcohol fuels property

  8. Everything to be known about the tax credit for energy saving expenses

    International Nuclear Information System (INIS)

    Anon.

    2006-01-01

    Tax credits for energy saving have become a commercial argument for the energy professionals. However, this argument is more often superior to the technical demonstration. If its principle is simple, its implementation requires a careful reading of legislative texts. An additional instruction from the French ministry of budget has been necessary to comment and precise some regulatory dispositions of the French tax code. This paper presents some important excerpts of the instruction from May 18, 2006 about some specific space heating appliances, in particular those using a renewable energy source. (J.S.)

  9. Effects of expiration of the Federal energy tax credit on the National Photovoltaics Program

    Science.gov (United States)

    Smith, J. L.

    1984-01-01

    Projected 1986 sales are significantly reduced as a direct result of system price increases following from expiration of the Federal energy tax credits. There would be greatly reduced emphasis on domestic electric utility applications. Indirect effects arising from unrealized economies of scale and reduced private investment in PV research and development (R&D) and in production facilities could have a very large cumulative adverse impact on the U.S. PV industry. The industry forecasts as much as fourfold reduction in 1990 sales if tax credits expire, compared with what sales would be with the credits. Because the National Photovoltaics Program is explicitly structured as a government partnership, large changes in the motivation or funding of either partner can affect Program success profoundly. Reduced industry participation implies that such industry tasks as industrialization and new product development would slow or halt. Those research areas receiving heavy R&D support from private PV manufacturers would be adversely affected.

  10. Earned Income Tax Credit

    NARCIS (Netherlands)

    F.M. van Oers; R.A. de Mooij (Ruud)

    1998-01-01

    textabstractIn recent policy discussions in the Netherlands, the Earned Income Tax Credit (EITC) has been put forward as an effective instrument to reduce the unemployment rate among low-skilled workers. Using the MIMIC model, this article shows that a targeted EITC at low incomes indeed seems

  11. The tax credit devoted to the sustainable development (energy conservation, renewable energies). DGEMP-DIDEME; Le credit d'impot dedie au developpement durable (economies d'energie, energies renouvelables). DGEMP-DIDEME

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-01-15

    The finances law of 2005 created a tax credit devoted to the sustainable development and the energy conservation. This tax credit aims to favor the diffusion of the sustainable energy equipments to reach the french objectives of energy conservation and renewable energies. All the concerned equipment for the individual house are detailed: heating systems, insulating materials, heating control appliances, appliances using the renewable energies, the heat pumps, equipment for the connection to heat networks, supplying by renewable energies or cogeneration. (A.L.B.)

  12. International capital tax evasion and the foreign tax credit puzzle

    OpenAIRE

    Kimberley Scharf

    1997-01-01

    This paper examines the role of international tax evasion for the choice of an optimal foreign tax credit by a capital exporting region. Since a foreign tax credit raises the opportunity cost of concealing foreign source income, it can be employed to discourage evasion activity. The existence of international tax evasion possibilities could thus help rationalize a choice of tax credit in excess of a deduction-equivalent credit level. Our analysis shows that, in general the optimal credit will...

  13. 27 CFR 46.223 - Tax credit.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 2 2010-04-01 2010-04-01 false Tax credit. 46.223 Section... for Sale on April 1, 2009 Tax Liability Calculation § 46.223 Tax credit. The dealer is allowed a credit of up to $500 against the total floor stocks tax. However, controlled groups are eligible for only...

  14. The tax credit in favor of the renewable energies and the energy savings bear fruits; Le credit d'impot en faveur des energies renouvelables et des economies d'energie porte ses premiers fruits

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-01-15

    This document presents in the first part the positive economical results obtained by the implementing in January 2005, of a tax credit majored of 40% in favor of equipments using a renewable energy source. The second part is devoted to other financial incentives in the domain of energy saving and renewable energies uses. Specifications concerning the equipments and legal aspects are presented. (A.L.B.)

  15. Impact of public policy uncertainty on renewable energy investment: Wind power and the production tax credit

    International Nuclear Information System (INIS)

    Barradale, Merrill Jones

    2010-01-01

    It is generally understood that the pattern of repeated expiration and short-term renewal of the federal production tax credit (PTC) causes a boom-bust cycle in wind power plant investment in the US. This on-off pattern is detrimental to the wind industry, since ramp-up and ramp-down costs are high, and players are deterred from making long-term investments. It is often assumed that the severe downturn in investment during 'off' years implies that wind power is unviable without the PTC. This assumption turns out to be unsubstantiated: this paper demonstrates that it is not the absence of the PTC that causes the investment downturn during 'off' years, but rather the uncertainty over its return. Specifically, it is the dynamic of power purchase agreement (PPA) negotiations in the face of PTC renewal uncertainty that drives investment volatility. With contract negotiations prevalent in the renewable energy industry, this finding suggests that reducing uncertainty is a crucial component of effective renewable energy policy. The PTC as currently structured is not the only means, existing or potential, for encouraging wind power investment. Using data from a survey of energy professionals, various policy instruments are compared in terms of their perceived stability for supporting long-term investment. - Research highlights: →The case of wind energy investment in the face of PTC uncertainty provides an important study in how industry structure, and in particular the process of contract negotiations, can amplify the impact of public policy uncertainty on corporate investment. →The finding that contract negotiations in the face of uncertainty are sufficient in themselves to hinder investment implies that the assumption that investment downturns reflect unfavorable economics is unfounded. This assumption falsely discourages interest and investment in wind energy. →Policy stability should be added to the list of criteria explicitly considered in designing policy

  16. Brownfields New Markets Tax Credits

    Science.gov (United States)

    This Brownfi elds Solutions factsheet is intended for brownfields stakeholders interested in how the U.S. Department of the Treasury’s New Markets Tax Credit (NMTC) Program can be used as a financing mechanism in brownfields cleanup and redevelopment.

  17. 48 CFR 1632.607 - Tax credit.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Tax credit. 1632.607... 1632.607 Tax credit. FAR 32.607 has no practical application to FEHBP contracts. The statutory... may not offset debts to the Fund by a tax credit which is solely a Government obligation. ...

  18. 48 CFR 2132.607 - Tax credit.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Tax credit. 2132.607... Contract Debts 2132.607 Tax credit. FAR 32.607 has no practical application to FEGLI Program contracts. The... Government, contractors may not offset debts to the Fund by a tax credit that is solely a Government...

  19. Non-conventional fuel tax credit

    International Nuclear Information System (INIS)

    Soeoet, P.M.

    1988-01-01

    Coal-seam methane, along with certain other non-conventional fuels, is eligible for a tax credit. This production tax credit allowed coal-seam methane producers to receive $0.7526 per million Btu of gas sold during 1986. In 1987, this credit rose to $0.78 per million Btu. The tax credit is a very significant element of the economic analysis of current coal-seam methane projects. In today's spot market, gas prices are around $1.50 per million Btu. Allowing for costs of production, the gas producer will net more income from the tax credit than from the sale of the gas. The Crude Oil Windfall Profit Tax Act of 1980 is the source of this tax credit. There were some minor changes made by subsequent legislation, but most of the tax credit has remained intact. Wells must be drilled by 1990 to qualify for the tax credit but the production from such wells is eligible for the tax credit until 2001. Projections have been made, showing that the tax credit should increase to $0.91 per million Btu for production in 1990 and $1.34 per million Btu in 2000. Variables which may decrease the tax credit from these projections are dramatically lower oil prices or general economic price deflation

  20. Taxing energy

    International Nuclear Information System (INIS)

    Deacon, R.; DeCanio, S.; Frech, H.E. III; Johnson, M.B.

    1990-01-01

    In this book, the authors have produced an analysis of state energy taxation. Their factual findings are of particular relevance to California and other states in their consideration of severance taxes on oil production. It turns out, for example, that while California's tax burden on oil producers is slightly below average among the states, the combined revenues from taxes and royalties (expressed as a percent of the value of production) indicate that California is not easy on oil producers. In fact, California's oil tax system appears to be particularly well suited to its oil industry. Much of the production in the state is relatively high-cost and economically marginal. The state must tread carefully in taxing this production, lest it force it to be curtailed

  1. 17 CFR 256.255 - Accumulated deferred investment tax credits.

    Science.gov (United States)

    2010-04-01

    ... investment tax credits. 256.255 Section 256.255 Commodity and Securities Exchanges SECURITIES AND EXCHANGE... investment tax credits. (a) This account shall be credited and account 411.5, Investment tax credit, debited with investment tax credits deferred by companies which do not apply such credits as a reduction of the...

  2. The Case Against Tuition Tax Credits.

    Science.gov (United States)

    Shannon, Thomas A.

    Tuition tax credits for private elementary and secondary schools would be bad law, bad economics, and bad public policy. These points are made in this twenty-first chapter of a book on school law. Legal arguments against tax credits are based on a number of court decisions concerning church-state separation, particularly the Supreme Court decision…

  3. Adam Smith, Religion, and Tuition Tax Credits.

    Science.gov (United States)

    Alexander, Kern

    1983-01-01

    Examines tuition tax credit programs in framework of Adam Smith's ideas on the economic impact of established churches. Finds that tuition tax credits would amount to state expenditures to relieve the financial burden of parochial school parents and would allow churches to invest commercially to maintain their charitable functions. (JW)

  4. Tuition Tax Credits: Issues of Equity.

    Science.gov (United States)

    Catterall, James S.

    To examine equity issues involving proposed Federal income tax credits for private school tuition, the author uses data from the Bureau of the Census and other governmental sources to estimate the effects of tuition tax credit (TTC) plans. After discussing equity and educational policy, he compares would-be TTC recipients--private school families…

  5. 26 CFR 1.1502-4 - Consolidated foreign tax credit.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 12 2010-04-01 2010-04-01 false Consolidated foreign tax credit. 1.1502-4... TAX (CONTINUED) INCOME TAXES Consolidated Tax Liability § 1.1502-4 Consolidated foreign tax credit. (a) In general. The credit under section 901 for taxes paid or accrued to any foreign country or...

  6. Oklahoma Cherokee formation study shows benefits of gas tax credits

    International Nuclear Information System (INIS)

    Stanley, B.J.; Cline, S.B.

    1994-01-01

    To no one's surprise, the administration's recently released energy initiative package does not advocate the use of tax incentives such as the Internal Revenue Code Sec. 29 (tight sand gas) credit that expired Dec. 31, 1992. This is unfortunate since tax credits do stimulate drilling, as the authors' recent study of Oklahoma's Pennsylvanian age Cherokee formation demonstrates. Within this 783,000 acre study area, more than 130 additional wells were drilled between 1991--92 because of tax credit incentives. And such tax credits also increase total federal tax revenues by causing wells to be drilled that would not have been drilled or accelerating the drilling of wells, thereby increasing taxable revenue. In short, tax credits create a win-win situation: they stimulate commerce, increase tax revenues, reduce the outflow of capital to foreign petroleum projects, and add to the nation's natural gas reserve, which is beneficial for national security, balance of payments, the environment, and gas market development. The paper discusses the study assumptions, study results, and the tax credit policy

  7. Tight gas sand tax credit yields opportunities

    International Nuclear Information System (INIS)

    Lewis, F.W.; Osburn, A.S.

    1991-01-01

    The U.S. Internal Revenue Service on Apr. 1, 1991, released the inflation adjustments used in the calculations of Non-Conventional Fuel Tax Credits for 1990. The inflation adjustment, 1.6730, when applied to the base price of $3/bbl of oil equivalent, adjusts the tax credit to $5.019/bbl for oil and 86.53 cents/MMBTU for gas. The conversion factor for equivalent fuels is 5.8 MMBTU/bbl. Unfortunately, the tax credit for tight formation gas continues to be unadjusted for inflation and remains 52 cents/MMBTU. As many producers are aware, the Omnibus Budget Reconciliation Act of 1990 expanded the dates of eligibility and the usage for-Non-Conventional Fuel Tax Credits. Among other provisions, eligible wells may be placed in service until Jan. 1, 1992, and once in place may utilize the credit for production through Dec. 31, 2002. Both dates are 2 year extensions from previous regulations

  8. Nonconventional fuel tax credit application deadline approaches

    International Nuclear Information System (INIS)

    Lewis, F.W.; Steger, E.K.

    1992-01-01

    This paper reports that the US Federal Energy Regulatory Commission has established Dec. 31, 1992, as the deadline for producers to file Natural Gas Policy Act applications for gas produced from nonconventional fuel sources. Qualifying wells may receive tax credits ranging from 52 cents/MMBTU to 92 cents/MMBTU depending on the category and year of production. The most commonly eligible wells include tight formations, coalbed methanes, and gas from Devonian shales. FERC Order 539 allows producers to make application with the state jurisdictional agencies through Dec. 31, 1992. Many state jurisdictional agencies are willing to accept partial applications to be completed shortly thereafter

  9. Credits and Exemptions for Children. Tax Facts from the Tax Policy Center. Tax Notes[R

    Science.gov (United States)

    Maag, Elaine

    2009-01-01

    The Earned Income Tax Credit, Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), and the dependent exemption all provide benefits to families with children. In 2009, a single mom (or dad) with two children can receive benefits ranging from $0 to about $7,500--depending on her income, age of the children, and where the children live. While…

  10. New Market Tax Credit Qualified Census Tract

    Data.gov (United States)

    Vermont Center for Geographic Information — The Community Development Financial Institutions (CDFI) Fund, a division of the US Department of the Treasury, administers the New Markets Tax Credit (NMTC). The...

  11. Health insurance premium tax credit. Final regulations.

    Science.gov (United States)

    2013-02-01

    This document contains final regulations relating to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.These final regulations provide guidance to individuals related to employees who may enroll in eligible employer-sponsored coverage and who wish to enroll in qualified health plans through Affordable Insurance Exchanges (Exchanges) and claim the premium tax credit.

  12. The investment tax credit under monopolistic competition

    NARCIS (Netherlands)

    Broer, DP; Heijdra, BJ

    This pager develops a dynamic model of monopolistic competition with finite lives. It investigates the welfare properties of an investment tax credit (ITC) for both finite and infinite lives. For infinite lives, it shows that, lacking lump-sum taxes, an ITC suffices to attain a second-best solution.

  13. 20 CFR 227.5 - Employer tax credits.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 1 2010-04-01 2010-04-01 false Employer tax credits. 227.5 Section 227.5... SUPPLEMENTAL ANNUITIES § 227.5 Employer tax credits. Employers are entitled to tax credits if they pay non.... The tax credits for each month equal the sum of the reductions for employer pensions in the...

  14. 20 CFR 606.20 - Cap on tax credit reduction.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Cap on tax credit reduction. 606.20 Section 606.20 Employees' Benefits EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR TAX CREDITS... Tax Credit Reduction § 606.20 Cap on tax credit reduction. (a) Applicability. Subsection (f) of...

  15. 20 CFR 606.23 - Avoidance of tax credit reduction.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Avoidance of tax credit reduction. 606.23 Section 606.23 Employees' Benefits EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR TAX CREDITS... Tax Credit Reduction § 606.23 Avoidance of tax credit reduction. (a) Applicability. Subsection (g) of...

  16. 26 CFR 1.1502-3 - Consolidated tax credits.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 12 2010-04-01 2010-04-01 false Consolidated tax credits. 1.1502-3 Section 1... (CONTINUED) INCOME TAXES Consolidated Tax Liability § 1.1502-3 Consolidated tax credits. (a) Determination of...) Consolidated limitation based on amount of tax. (i) Notwithstanding the amount of the consolidated credit...

  17. Impacts of Federal Tax Credit Extensions on Renewable Deployment and Power Sector Emissions

    Energy Technology Data Exchange (ETDEWEB)

    Trieu Mai, Wesley Cole, Eric Lantz, Cara Marcy, and Benjamin Sigrin

    2016-02-01

    The report examines the impacts of the tax credit extensions under two distinct natural gas price futures, as the price of natural gas has been a key factor influencing the economic competitiveness of new renewable energy development. The analysis finds that, in both natural gas price cases, tax credit extensions can spur renewable capacity investments at least through the early 2020s, and can help lower CO2 emissions from the U.S. electricity system. Federal tax credits for renewable energy, particularly the wind production tax credit (PTC) and the solar investment tax credit (ITC), have offered financial incentives for renewable energy deployment over the last two decades in the United States. In December 2015, the wind and solar tax credits were extended by five years from their prior scheduled expiration dates, but ramp down in tax credit value during the latter years of the five-year period.

  18. Arizona Education Tax Credit and Hidden Considerations of Justice

    Directory of Open Access Journals (Sweden)

    Michele S. Moses

    2000-08-01

    Full Text Available The current debate over market-based ideas for educational reform is examined, focusing specifically on the recent movement toward education tax credits. Viewing the Arizona education tax credit law as a voucher plan in sheep's clothing, I argue that the concept of justice underlying the law is a crucial issue largely missing from the school choice debate. I question the libertarian conception of justice assumed by voucher and tax credit advocates, and argue instead that a contemporary liberal democratic conception of justice ought to undergird attempts at school reform. A call for educators and policymakers to concentrate energies on efforts to help needy students rather than on efforts to channel tax dollars toward self- interested ends concludes the article.

  19. 77 FR 8127 - Foreign Tax Credit Splitting Events

    Science.gov (United States)

    2012-02-14

    ... Tax Credit Splitting Events AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final and... affect taxpayers claiming foreign tax credits. The text of the temporary regulations also serves as the... that if there is a foreign tax credit splitting event with respect to a foreign income tax paid or...

  20. 76 FR 68841 - New Markets Tax Credit Program

    Science.gov (United States)

    2011-11-07

    ... New Markets Tax Credit (NMTC) Program, which is jointly administered by the Community Development... New Markets Tax Credit Program was authorized by the Community Renewal Tax Relief Act of 2000 (Pub. L... subsidized financing (e.g., historic tax credits, Section 108 loan guarantees) to help finance NMTC...

  1. Expanding Choice: Tax Credits and Educational Access in Indiana

    Science.gov (United States)

    Carpenter, Dick M., II; Ross, John K.

    2009-01-01

    One of the oldest and more popular forms of school choice in the United States is educational tax credits. Like many other types of school choice, educational tax credits enable parents to send their children to the K-12 school of their choice, public or private, religious or non-religious. One type of educational tax credits, tax-credit…

  2. 77 FR 41048 - Health Insurance Premium Tax Credit; Correction

    Science.gov (United States)

    2012-07-12

    ... Insurance Premium Tax Credit; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION... the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and... Reconciling the premium tax credit with advance credit payments. * * * * * (b) * * * (6) * * * Example 5...

  3. 76 FR 53818 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit

    Science.gov (United States)

    2011-08-30

    ... Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit AGENCY: Internal Revenue Service... of taxes paid for purposes of the foreign tax credit. These regulations address certain highly structured arrangements that produce inappropriate foreign tax credit results. The regulations affect...

  4. Tax credit synfuels influence coal markets

    Energy Technology Data Exchange (ETDEWEB)

    Morey, M.; Leshock, C. [Resource Data International, Boulder, CO (USA)

    2000-05-01

    The recent introduction of synthetic coal products has upset the balance between supply and demand in the US coal market. The imbalance is being driven by the operation of more than 40 facilities that were rapidly pushed into commercial service to meet a 1 July 1998 deadline to qualify for a tax credit. A study by Resource Data International found that synthetic coal will increase in importance and become a critical issue for both coal producers and consumers until 31 December 2007 when the credit expires. The tax credit is granted to qualifying fuels that have undergone a chemical change. However, many plants tout their use of waste coal, pond fines and other mining wastes. The credit amount is based on calorific value. RDI found that 44 synfuel plants were operating to some degree during 1999 with 10 being a West Virginia, 8 in Kentucky and 7 in Pennsylvania. 2 figs.

  5. 2011 Tax credit: despite the decline, it is worth benefiting from it

    International Nuclear Information System (INIS)

    Rigaud, Ch.

    2011-01-01

    The rates of the tax credit have been reduced for 2011 but for 6 years the measure has been helping people to finance the passage to renewable energies in their homes or the improvement of energy efficiency of their homes. This article details the conditions to benefit from this tax credit and the tax credit rates that vary according to the kind of renewable energies. The solar thermal solar installation gives the highest tax credit: up to 45% of all the spending. The article reviews also the conditions to get reduced-rate (even 0-rate) loans for the financing of works aimed at improving energy efficiency of homes. (A.C.)

  6. School Facilities and Tax Credit Bonds

    Science.gov (United States)

    Edelstein, Frederick S.

    2009-01-01

    The tax credit portion of the American Recovery and Reinvestment Act of 2009 (also known as the economic stimulus package or ARRA) has three different entities that can be used for various school construction including new, modernization, renovation and acquisition of sites for school projects. The bond rule notice and allocations have been issued…

  7. 20 CFR 601.4 - Certification for tax credit.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Certification for tax credit. 601.4 Section 601.4 Employees' Benefits EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR ADMINISTRATIVE... and Additional Tax Credit and Grant Purposes § 601.4 Certification for tax credit. (a) Within 30 days...

  8. 76 FR 50931 - Health Insurance Premium Tax Credit

    Science.gov (United States)

    2011-08-17

    ... Health Insurance Premium Tax Credit AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of... relating to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care... plans through Affordable Insurance Exchanges and claim the premium tax credit, and to Exchanges that...

  9. 78 FR 7264 - Health Insurance Premium Tax Credit

    Science.gov (United States)

    2013-02-01

    ... Insurance Premium Tax Credit AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations. SUMMARY: This document contains final regulations relating to the health insurance premium tax credit... Affordable Insurance Exchanges (Exchanges) and claim the premium tax credit. DATES: Effective date: These...

  10. 75 FR 8392 - Low Income Housing Tax Credit Tenant Database

    Science.gov (United States)

    2010-02-24

    ... each state agency administering low-income housing tax credits (LIHTCs) to furnish HUD information... Lists the Following Information Title Of Proposal: Low Income Housing Tax Credit Tenant Database. Omb... low-income housing tax credits (LIHTCs) to furnish HUD information concerning the race, ethnicity...

  11. 77 FR 8184 - Foreign Tax Credit Splitting Events

    Science.gov (United States)

    2012-02-14

    ... Foreign Tax Credit Splitting Events AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of... these proposed regulations. The regulations affect taxpayers claiming foreign tax credits. Special... of the Federal Register.] Sec. 1.909-6 Pre-2011 foreign tax credit splitting events. [The text of...

  12. 17 CFR 256.411.5 - Investment tax credit.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Investment tax credit. 256.411... HOLDING COMPANY ACT OF 1935 Income and Expense Accounts § 256.411.5 Investment tax credit. (a) This account shall be debited with the amounts of investment tax credits related to service company property...

  13. Who Gets the Credit? Who Pays the Consequences? The Illinois Tuition Tax Credit. Special Report.

    Science.gov (United States)

    Pathak, Arohi; Keenan, Nancy

    In 1999, Illinois enacted a tuition tax credit program. Tax credit supporters suggest tax credits help low-income students. However, opponents argue that they disproportionately benefit higher-income families whose children are already attending private schools and may decrease already limited resources available to public schools. New data from…

  14. 76 FR 42038 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit

    Science.gov (United States)

    2011-07-18

    ... Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit AGENCY: Internal Revenue Service... contains final regulations providing guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. These regulations address certain highly structured transactions that...

  15. 76 FR 42076 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit

    Science.gov (United States)

    2011-07-18

    ... Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit AGENCY: Internal Revenue Service... temporary regulations that provide guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. These regulations address certain highly structured arrangements that...

  16. 78 FR 54391 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit

    Science.gov (United States)

    2013-09-04

    ... Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit AGENCY: Internal Revenue Service... contains final regulations providing guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. These regulations address certain highly structured arrangements that...

  17. 76 FR 53819 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit

    Science.gov (United States)

    2011-08-30

    ... Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit AGENCY: Internal Revenue Service..., July 18, 2011, providing guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. These regulations address certain highly structured arrangements that...

  18. 76 FR 42036 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit

    Science.gov (United States)

    2011-07-18

    ... Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit AGENCY: Internal Revenue Service... temporary regulations providing guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. These regulations address certain highly structured arrangements that...

  19. Impacts of Federal Tax Credit Extensions on Renewable Deployment and Power Sector Emissions

    Energy Technology Data Exchange (ETDEWEB)

    Mai, Trieu [National Renewable Energy Lab. (NREL), Golden, CO (United States); Cole, Wesley [National Renewable Energy Lab. (NREL), Golden, CO (United States); Lantz, Eric [National Renewable Energy Lab. (NREL), Golden, CO (United States); Marcy, Cara [National Renewable Energy Lab. (NREL), Golden, CO (United States); Sigrin, Benjamin [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-02-01

    Federal tax credits for renewable energy (RE) have served as one of the primary financial incentives for RE deployment over the last two decades in the United States. In December 2015, the wind power production tax credit and solar investment tax credits were extended for five years as part of the Consolidated Appropriations Act of 2016. This report explores the impact that these tax credit extensions might have on future RE capacity deployment and power sector carbon dioxide (CO2) emissions. The analysis examines the impacts of the tax credit extensions under two distinct natural gas price futures as natural gas prices have been key factors in influencing the economic competitiveness of new RE development. The analysis finds that, in both natural gas price futures, RE tax credit extensions can spur RE capacity investments at least through the early 2020s and can help lower emissions from the U.S. electricity system. More specifically, the RE tax credit extensions are estimated to drive a net peak increase of 48-53 GW in installed RE capacity in the early 2020s -- longer term impacts are less certain. In the longer term after the tax credits ramp down, greater RE capacity is driven by a combination of assumed RE cost declines, rising fossil fuel prices, and other clean energy policies such as the Clean Power Plan. The tax credit extension-driven acceleration in RE capacity development can reduce fossil fuel-based generation and lower electric sector CO2 emissions. Cumulative emissions reductions over a 15-year period (spanning 2016-2030) as a result of the tax credit extensions are estimated to range from 540 to 1420 million metric tonnes CO2. These findings suggest that tax credit extensions can have a measurable impact on future RE deployment and electric sector CO2 emissions under a range of natural gas price futures.

  20. Energy taxes in practice. Energy tax - electricity tax - biofuel quota - energy tax compliance. 3. upd. and rev. ed.

    International Nuclear Information System (INIS)

    Stein, Roland M.; Thoms, Anahita

    2016-01-01

    You need a quick and easy overview of the legal provisions of the energy tax law? You would like to understand the relationship between the European and national regulations and their impact on the daily practice? This manual prepares the energy tax, electricity tax and biofuel quota law for you clearly on and illustrated by examples, what to look in practice in order to avoid pitfalls. It picks up especially contentious issues and problems, discusses the relevant case law and the relevant regulations and finally gives precise recommendations for daily practice. Based on practice notes, examples and diagrams you can easily identify how to transfer the legal requirements on the own workspaces or optionally can use tax breaks. This includes information on both simplified - and thus less subject to error - methods and to tax exemptions and credits. The manual is complemented by forms, extracts from the Combined Nomenclature and an online material collection with regulatory and legal texts. [de

  1. Health insurance tax credits, the earned income tax credit, and health insurance coverage of single mothers.

    Science.gov (United States)

    Cebi, Merve; Woodbury, Stephen A

    2014-05-01

    The Omnibus Budget Reconciliation Act of 1990 enacted a refundable tax credit for low-income working families who purchased health insurance coverage for their children. This health insurance tax credit (HITC) existed during tax years 1991, 1992, and 1993, and was then rescinded. A difference-in-differences estimator applied to Current Population Survey data suggests that adoption of the HITC, along with accompanying increases in the Earned Income Tax Credit (EITC), was associated with a relative increase of about 4.7 percentage points in the private health insurance coverage of working single mothers with high school or less education. Also, a difference-in-difference-in-differences estimator, which attempts to net out the possible influence of the EITC increases but which requires strong assumptions, suggests that the HITC was responsible for about three-quarters (3.6 percentage points) of the total increase. The latter estimate implies a price elasticity of health insurance take-up of -0.42. Copyright © 2013 John Wiley & Sons, Ltd.

  2. Tax-Credit Scholarships in Nebraska: Forecasting the Fiscal Impact

    Science.gov (United States)

    Gottlob, Brian

    2010-01-01

    This study seeks to inform the debate over a proposal in Nebraska to give tax credits for contributions to organizations that provide scholarships to K-12 private schools. The study constructs a model to determine the fiscal impact of tax-credit scholarships on the state and on local school districts. The author estimates the impact that…

  3. Federal Tax Incentives for Energy Storage Systems

    Energy Technology Data Exchange (ETDEWEB)

    Anderson, Katherine H [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Elgqvist, Emma M [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Settle, Donald E [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2018-01-16

    Investments in renewable energy are more attractive due to the contribution of two key federal tax incentives. The investment tax credit (ITC) and the Modified Accelerated Cost Recovery System (MACRS) depreciation deduction may apply to energy storage systems such as batteries depending on who owns the battery and how the battery is used. The guidelines in this fact sheet apply to energy storage systems installed at the same time as the renewable energy system.

  4. Effects on Funding Equity of the Arizona Tax Credit Law

    Directory of Open Access Journals (Sweden)

    Glen Y. Wilson

    2000-08-01

    Full Text Available This article examines the results from the first year (1998 of the Arizona Education Tax Credit program. The tax credit law allows individuals a dollar- for-dollar tax credit of $500 for donations to private schools and a dollar-for-dollar tax credit of $200 for donations to public schools. Although one justification for this statute was that it would help lower income students, the primary beneficiaries of this program tend to be the relatively well off. The author concludes that Arizona's tax credit law increases educational funding inequity in Arizona. Data for 1999, only recently made available, show a 159.1 percent increase in total contributions and an exacerbation of the trends noted here.

  5. The two-child limit for Universal Credit and Child Tax Credit

    OpenAIRE

    MACHIN, Richard

    2017-01-01

    Richard Machin explores the background to, and likely impact of, the two-child limit on the child element in Universal Credit and the Child Tax Credit, which was introduced by the Welfare Reform and Work Act 2016

  6. Raising money with tax incentives: an overview of how U.S. tax credits are marketed

    International Nuclear Information System (INIS)

    Rotroff, A.S.; Sanderson, G.A.

    1997-01-01

    This article outlines a method for using certain U.S. income tax credits to raise investment capital. With proper structuring, these tax credits can essentially be ''sold'' to outside investors. A project which may not have sufficient income to take advantage of tax benefits, such as the 29 alternative fuel credit, may sell an interest in the project to commercial investors who can use tax credits. The investors provide cash for the project in return for the tax credits, as well as a portion of the income generated by the project. This article outlines how this type of arrangement can be structured and which tax credits are available for ''sale''. It also identifies possible sources of investment money, issues that an investor will likely consider before investing in such a project, and the potential pitfalls of such a project. (author)

  7. Economic Valuation of a Geothermal Production Tax Credit

    Energy Technology Data Exchange (ETDEWEB)

    Owens, B.

    2002-04-01

    The United States (U.S.) geothermal industry has a 45-year history. Early developments were centered on a geothermal resource in northern California known as The Geysers. Today, most of the geothermal power currently produced in the U.S. is generated in California and Nevada. The majority of geothermal capacity came on line during the 1980s when stable market conditions created by the Public Utility Regulatory Policies Act (PURPA) in 1978 and tax incentives worked together to create a wave of geothermal development that lasted until the early 1990s. However, by the mid-1990s, the market for new geothermal power plants began to disappear because the high power prices paid under many PURPA contracts switched to a lower price based on an avoided cost calculation that reflected the low fossil fuel-prices of the early 1990s. Today, market and non-market forces appear to be aligning once again to create an environment in which geothermal energy has the potential to play an important role in meeting the nation's energy needs. One potentially attractive incentive for the geothermal industry is the Production Tax Credit (PTC). The current PTC, which was enacted as part of the Energy Policy Act of 1992 (EPAct) (P.L. 102-486), provides an inflation-adjusted 1.5 cent per kilowatt-hour (kWh) federal tax credit for electricity produced from wind and closed-loop biomass resources. Proposed expansions would make the credit available to geothermal and solar energy projects. This report focuses on the project-level financial impacts of the proposed PTC expansion to geothermal power plants.

  8. Expanding Choice: Tax Credits and Educational Access in Montana

    Science.gov (United States)

    Carpenter, Dick M., II; Ross, John K.

    2009-01-01

    The evidence advanced in this report demonstrates that using tax credits to fund scholarships for students is both well-established and sound practice. Three existing credits allow taxpayer funds to flow to faith-based organizations, and one of those, the Qualified Endowment Credit, rewards contributions to more than a thousand charitable…

  9. 26 CFR 1.25A-1 - Calculation of education tax credit and general eligibility requirements.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Calculation of education tax credit and general... tax credit and general eligibility requirements. (a) Amount of education tax credit. An individual taxpayer is allowed a nonrefundable education tax credit against income tax imposed by chapter 1 of the...

  10. The production tax credit for wind turbine powerplants is an ineffective incentive

    International Nuclear Information System (INIS)

    Kahn, E.; California Univ., Berkeley, CA

    1996-01-01

    The US Energy Policy Act (EPAct) of 1992 created a production tax credit of 1.5c/kWh available for 10 years to promote certain renewable energy technologies, including wind turbines. This paper argues that the impact of the wind turbine production tax credit will be minimal. The argument depends entirely on the nature of the project finance structure used by the private power industry for wind turbine development. We show that tax credits can only be absorbed by equity investors if there is a large fraction of equity in the project capital structure. This raises the financing cost of wind turbine projects compared to conventional power technology, which relies on a large fraction of low cost debt. If the tax credit were paid as a cash subsidy, the capital structure could be shifted to low cost debt and financing costs could be significantly reduced. (Author)

  11. Tax credit for the equipment expenses of the main dwelling promoting energy saving and sustainable development. Article 83 of the 2006 finances law (law No. 2005-1719 from December 30, 2005); Credit d'impot pour depenses d'equipements de l'habitation principale en faveur des economies d'energie et du developpement durable. Art. 83 de la loi de finances pour 2006 (loi n. 2005-1719 du 30 decembre 2005)

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-05-15

    Article 90 of the 2005 French finances law has implemented a tax credit for the dwelling equipments acting in favor of energy saving and sustainable development. The article 83 of the 2006 finances law makes some changes on some particular points: credit increase for some categories of equipments, connection to district heating networks, simplification of the pluri-annual global ceiling credit. Various notices relative to biomass-fueled energy generation systems and double-grate boilers have been added. (J.S.)

  12. VT Downtown and Village Center Tax Credit Projects

    Data.gov (United States)

    Vermont Center for Geographic Information — Federal and state rehabilitation tax credits help to stimulate private investment, create jobs, restore historic buildings and jump start the revitalization seen in...

  13. 26 CFR 1.960-4 - Additional foreign tax credit in year of receipt of previously taxed earnings and profits.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 10 2010-04-01 2010-04-01 false Additional foreign tax credit in year of... Foreign Corporations § 1.960-4 Additional foreign tax credit in year of receipt of previously taxed... inclusion either chose to claim a foreign tax credit as provided in section 901 or did not pay or accrue any...

  14. Factor 4 working group: preparing future is urgent. Energy saving certificates. The tax credit boosts the solar water heater and heat pump sales. Climatic change and energy: the Californian example

    International Nuclear Information System (INIS)

    Laverne, R.; Rabany, B.; Leclercq, M.; Lorec, Ph.; Schweitzer, J.Ph.

    2007-01-01

    This issue of 'Energies et Matieres Premieres' newsletter comprises 4 articles dealing with: the concluding report of the 'Factor 4' working group which expresses 28 recommendations in the form of energy policy proposals necessary to be implemented as soon as possible in order for France to start a society and economy transition and to reach the 2050 goal of dividing the present day greenhouse gas emissions by a factor 4; the energy saving certificates implemented with the July 13, 2005 law of energy policy choices, which targets the diffuse energy saving sources in the residential and tertiary sectors; the success of the tax credit for the use of solar thermal water heaters, wood-fuel space heating appliances and air/water and geothermal heat pumps, in particular in the residential sector; the problem of the links between climatic change and energy and the lessons learnt from the example of the 'new sustainable economy' of California (USA). (J.S.)

  15. Tax-Credit Scholarships in Maryland: Forecasting the Fiscal Impact

    Science.gov (United States)

    Gottlob, Brian

    2010-01-01

    This study seeks to inform the debate over a proposal in Maryland to give tax credits to businesses for contributions to organizations that provide scholarships to K-12 private schools or which contribute to innovative educational programs in the public schools. The study constructs a model to determine the fiscal impact of a tax-credit…

  16. Misplaying the Angles: A Closer Look at the Illinois Tuition Tax Credit Law.

    Science.gov (United States)

    Pathak, Arohi; Wessely, Mike; Mincberg, Elliot

    In 1999, Illinois enacted its tuition tax credit law, which offers tax credits to taxpayers whose own children are attending school, as opposed to tax credits to businesses and/or individuals who contribute to tuition scholarship programs. Recent data suggest that the Illinois tax credit program is benefiting middle- and upper-class families more…

  17. The Dual Benefits of Tax Credits: Taxpayer Income Generation and Economy Stimulus

    Science.gov (United States)

    Guerrero, Robin; Tiggeman, Theresa; Edmond, Tracie

    2010-01-01

    Two important provisions of the Internal Revenue Code were the creation of the Earned Income Tax Credit and Child Tax Credit. Each of these credits were designed to reduce the amount of tax owed, thereby offsetting some of the increases in living expenses and federal income tax. For many this results in a smaller a tax liability. For others with…

  18. 26 CFR 20.2016-1 - Recovery of death taxes claimed as credit.

    Science.gov (United States)

    2010-04-01

    ... refund of foreign death tax claimed as a credit under section 2014, such tax shall not bear interest for... 26 Internal Revenue 14 2010-04-01 2010-04-01 false Recovery of death taxes claimed as credit. 20... Against Tax § 20.2016-1 Recovery of death taxes claimed as credit. In accordance with the provisions of...

  19. Energy taxes -- Some critical remarks

    International Nuclear Information System (INIS)

    Wirl, F.

    1994-01-01

    The familiar concept of Pigouvian taxes has finally caught the interest of politicians as the various proposals for a pollution tax, often simplified to an energy tax, document. This paper reviews these proposals critically and points at some wrong presumptions. The suggestion to make the polluter liable for all damages is in general inefficient. In order to sell new taxes, politicians argue that Pigouvian taxes would not lower disposable income, because the associated revenues allow one to reduce other taxes (in particular, income taxes) correspondingly. However, strategic, noncompetitive energy producers may themselves attempt to internalize the external costs rather than to leave these tax revenues to the treasuries of the consuming countries. Moreover, the revenues from a commodity tax are potentially volatile. Finally, the conservation impact from Pigouvian energy taxes may fall short of expectations, in particular, if the tax is too low

  20. 26 CFR 20.2014-1 - Credit for foreign death taxes.

    Science.gov (United States)

    2010-04-01

    ... against the Federal estate tax for any estate, inheritance, legacy, or succession taxes actually paid to... 26 Internal Revenue 14 2010-04-01 2010-04-01 false Credit for foreign death taxes. 20.2014-1... AND GIFT TAXES ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954 Credits Against Tax § 20...

  1. Energy prices and taxes

    International Nuclear Information System (INIS)

    2004-01-01

    Energy Prices and Taxes contains a major international compilation of energy prices at all market levels: import prices, industry prices and consumer prices. The statistics cover main petroleum products, gas, coal and electricity, giving for imported products an average price both for importing country and country of origin. Every issue includes full notes on sources and methods and a description of price mechanisms in each country

  2. Education Tax Credits: Refundability Critical to Making Credits Helpful to Low-Income Students and Families

    Science.gov (United States)

    Saunders, Katherine; Lower-Basch, Elizabeth

    2015-01-01

    Half of all non-loan federal student aid is now offered as tax benefits for educational costs in the form of credits, deductions, and college savings accounts. These benefits help students and families offset the costs of their postsecondary education with tax savings. Yet, as explained in the 2013 report, "Reforming Student Aid: How to…

  3. 76 FR 53818 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit; Correction

    Science.gov (United States)

    2011-08-30

    ... Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit; Correction AGENCY: Internal... foreign tax credit results. FOR FURTHER INFORMATION CONTACT: Jeffrey Cowan, (202) 622-3850 (not a toll... profits tax paid or accrued. * * * * * (e) * * * (5) * * * (iv) * * * (B) * * * (1) * * * (iii) [The text...

  4. 47 CFR 32.4330 - Unamortized nonoperating investment tax credits-net.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 2 2010-10-01 2010-10-01 false Unamortized nonoperating investment tax credits... Sheet Accounts § 32.4330 Unamortized nonoperating investment tax credits—net. (a) This account shall be credited and Account 7400, Nonoperating Taxes, shall be debited with investment tax credits generated from...

  5. 20 CFR 606.25 - Waiver of and substitution for additional tax credit reduction.

    Science.gov (United States)

    2010-04-01

    ..., DEPARTMENT OF LABOR TAX CREDITS UNDER THE FEDERAL UNEMPLOYMENT TAX ACT; ADVANCES UNDER TITLE XII OF THE SOCIAL SECURITY ACT Relief From Tax Credit Reduction § 606.25 Waiver of and substitution for additional tax credit reduction. A provision of subsection (c)(2) of section 3302 of FUTA provides that, for a...

  6. 47 CFR 32.7210 - Operating investment tax credits-net.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 2 2010-10-01 2010-10-01 false Operating investment tax credits-net. 32.7210....7210 Operating investment tax credits—net. (a) This account shall be charged and Account 4320, Unamortized Operating Investment Tax Credits—Net, shall be credited with investment tax credits generated from...

  7. 75 FR 55849 - Proposed Collection; Comment Request for Form 1097-BTC, Bond Tax Credit

    Science.gov (United States)

    2010-09-14

    ... 1097-BTC, Bond Tax Credit AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request... comments concerning Form 1097-BTC, Bond Tax Credit. DATES: Written comments should be received on or before... INFORMATION: Title: Form 1097-BTC, Bond Tax Credit. Abstract: This is an information return for reporting tax...

  8. 26 CFR 1.45D-1 - New markets tax credit.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true New markets tax credit. 1.45D-1 Section 1.45D-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Rules for Computing Credit for Investment in Certain Depreciable Property § 1.45D-1 New markets tax credit. (a) Table...

  9. 77 FR 59544 - New Markets Tax Credit Non-Real Estate Investments

    Science.gov (United States)

    2012-09-28

    ... Markets Tax Credit Non-Real Estate Investments AGENCY: Internal Revenue Service (IRS), Treasury. ACTION... communities. The final regulations affect taxpayers claiming the new markets tax credit and businesses in low... 45D(a)(1), a taxpayer may claim a new markets tax credit on certain credit allowance dates described...

  10. Do sales tax credits stimulate the automobile market?

    OpenAIRE

    Chen, Jiawei; Esteban, Susanna; Shum, Matthew

    2010-01-01

    In this paper, we quantitatively investigate the effectiveness of a sales tax reduction in stimulating sales and profits of durable goods manufacturers. Our question is motivated by policy makers' recent interest in helping ailing automobile manufacturers and in replacing a fleet of highly polluting vehicles. President Obama's economic stimulus plan, for instance, has directly targeted the primary market by including a sales tax credit on purchases of new cars and trucks. In this paper, we sh...

  11. 26 CFR 26.6696-1 - Claims for credit or refund by tax return preparers.

    Science.gov (United States)

    2010-04-01

    ... (CONTINUED) ESTATE AND GIFT TAXES GENERATION-SKIPPING TRANSFER TAX REGULATIONS UNDER THE TAX REFORM ACT OF 1986 § 26.6696-1 Claims for credit or refund by tax return preparers. (a) In general. For rules for... 26 Internal Revenue 14 2010-04-01 2010-04-01 false Claims for credit or refund by tax return...

  12. Tax Credit Scholarship Programs and the Law

    Science.gov (United States)

    Sutton, Lenford C.; Spearman, Patrick Thomas

    2014-01-01

    After "Zelman v. Simmons-Harris" (2002), civil conflict over use of vouchers and taxes to purchase private education, especially in religious schools, largely remained an issue for state courts' jurisprudence. However, in 2010, it returned to the U.S. Supreme Court when Arizona taxpayers challenged the constitutionality of the state's…

  13. The welfare gain from replacing the health insurance tax exclusion with lump-sum tax credits.

    Science.gov (United States)

    Liu, Liqun; Rettenmaier, Andrew J; Saving, Thomas R

    2011-06-01

    This paper analyzes the welfare gain from replacing the tax exclusion of employer-provided health insurance with a lump-sum tax credit. It differs from earlier studies in that we look at the welfare cost of health insurance tax exclusion as coming directly from excessive health insurance rather than from overconsumption of medical care and that we account for the labor market effect of the tax exclusion on welfare. Both differences work to produce a smaller tax reform welfare gain. For a set of mid-range parameter values, the welfare gain is about 21% of current health insurance tax expenditures. In addition, government tax expenditures would fall by 38%, and health insurance spending would fall by 77% after the reform.

  14. 26 CFR 1.904(b)-2 - Special rules for application of section 904(b) to alternative minimum tax foreign tax credit.

    Science.gov (United States)

    2010-04-01

    ...) to alternative minimum tax foreign tax credit. 1.904(b)-2 Section 1.904(b)-2 Internal Revenue... alternative minimum tax foreign tax credit. (a) Application of section 904(b)(2)(B) adjustments. Section 904(b)(2)(B) shall apply for purposes of determining the alternative minimum tax foreign tax credit under...

  15. 77 FR 41270 - Health Insurance Premium Tax Credit

    Science.gov (United States)

    2012-07-13

    ... DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 602 [TD 9590] RIN 1545-BJ82 Health Insurance Premium Tax Credit Correction In rule document 2012-12421 appearing on pages 30377-30400 in the issue of Wednesday, May 23, 2012, make the following corrections: 0 1. On page 30385, in the...

  16. A Failed Experiment: Georgia's Tax Credit Scholarships for Private Schools

    Science.gov (United States)

    Southern Education Foundation, 2011

    2011-01-01

    Georgia is one of seven states that currently allow tax credits for scholarships to private schools. Georgia's law was enacted in May 2008 in order to assist low income students to transfer out of low performing public schools. Operations under the new act began in late 2008. The law permits taxpayers in Georgia to reduce their annual state taxes…

  17. 26 CFR 31.3302(b)-1 - Additional credit against tax.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 15 2010-04-01 2010-04-01 false Additional credit against tax. 31.3302(b)-1...) EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE Federal Unemployment Tax Act (Chapter 23, Internal Revenue Code of 1954) § 31.3302(b)-1 Additional...

  18. 18 CFR 367.2550 - Account 255, Accumulated deferred investment tax credits.

    Science.gov (United States)

    2010-04-01

    ..., rather than recognizing in the income statement the total benefits of the tax credit as realized. After... 411.5, Investment tax credit adjustments, other income and deductions (§ 367.4115), or with approval...

  19. The taxes allocation devoted to the sustainable development (energy conservation, renewable energies); Le credit d'impot dedie au developpement durable (economies d'energie, energies renouvelables)

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-07-01

    This document aims to bring a better knowledge of the sustainable energy equipment which benefit of tax allocation. It presents the expenditure concerned by this law, the buildings where the expenditure are allowed, the expenditure amount and the administrative procedure to benefit of this decree. (A.L.B.)

  20. 26 CFR 1.904(j)-1 - Certain individuals exempt from foreign tax credit limitation.

    Science.gov (United States)

    2010-04-01

    ... credit limitation. 1.904(j)-1 Section 1.904(j)-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF... States § 1.904(j)-1 Certain individuals exempt from foreign tax credit limitation. (a) Election available only if all foreign taxes are creditable foreign taxes. A taxpayer may elect to apply section 904(j...

  1. 75 FR 75693 - Tax Credit Assistance Program-Reallocation of Funds

    Science.gov (United States)

    2010-12-06

    ... DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5448-N-01] Tax Credit Assistance... the Reallocation of Tax Credit Assistance Program (TCAP) funds. This funding opportunity makes approximately $16 million available to assist housing projects that received Low Income Housing Tax Credit...

  2. 78 FR 23775 - Notice of Proposed Information Collection; Comment Request: Tax Credit Assistance Program (TCAP)

    Science.gov (United States)

    2013-04-22

    ... Information Collection; Comment Request: Tax Credit Assistance Program (TCAP) AGENCY: Office of the Chief... information: Title of Proposed: Tax Credit Assistance Program (TCAP). OMB Approval Number: 2506-0181. Form Numbers: None. Description of the need for the information and proposed use: Tax Credit Assistance Program...

  3. 75 FR 33894 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-06-15

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  4. 76 FR 37199 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-06-24

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Income Tax Credit Project Committee will be held Monday, August 22, 2011, at 3 p.m. Eastern Time via...

  5. 76 FR 45006 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-07-27

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Panel Earned Income Tax Credit Project Committee will be held Monday, September 26, 2011, at 3 p.m...

  6. 76 FR 63716 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-10-13

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Earned Income Tax Credit Project Committee will be held Monday, November 28, 2011, at 3 p.m. Eastern Time...

  7. 76 FR 32882 - New Markets Tax Credit Non-Real Estate Investments

    Science.gov (United States)

    2011-06-07

    ... New Markets Tax Credit Non-Real Estate Investments AGENCY: Internal Revenue Service (IRS), Treasury... proposed regulations modifying the new markets tax credit program to facilitate and encourage investments... claiming the new markets tax credit and businesses in low-income communities relying on the program. This...

  8. 75 FR 52393 - Proposed Data Collection; Comment Request: New Markets Tax Credit (NMTC) Program-Allocation...

    Science.gov (United States)

    2010-08-25

    ... Collection; Comment Request: New Markets Tax Credit (NMTC) Program--Allocation Application ACTION: Notice and... toll free number. SUPPLEMENTARY INFORMATION: Title: New Markets Tax Credit (NMTC) Program--Allocation... provides an incentive to investors in the form of tax credits over seven years that stimulates private...

  9. 18 CFR 367.4115 - Account 411.5, Investment tax credit adjustments, other.

    Science.gov (United States)

    2010-04-01

    ..., Investment tax credit adjustments, other. 367.4115 Section 367.4115 Conservation of Power and Water Resources....4115 Account 411.5, Investment tax credit adjustments, other. This account must include the amount of those investment tax credit adjustments not properly included in other accounts. ...

  10. 76 FR 10944 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-02-28

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee will be held Tuesday...

  11. 27 CFR 24.278 - Tax credit for certain small domestic producers.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 1 2010-04-01 2010-04-01 false Tax credit for certain... Taxpaid Removals § 24.278 Tax credit for certain small domestic producers. (a) General. A person who produces not more than 250,000 gallons of wine during the calendar year may take a credit against any tax...

  12. 76 FR 6188 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-02-03

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Panel Earned Income Tax Credit Project Committee will be held Monday, March 28, 2011, at 2 p.m., Eastern...

  13. 76 FR 2197 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee.

    Science.gov (United States)

    2011-01-12

    ... Earned Income Tax Credit Project Committee. AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  14. 20 CFR 416.1235 - Exclusion of certain payments related to tax credits.

    Science.gov (United States)

    2010-04-01

    ... payments related to tax credits. (a) In determining the resources of an individual (and spouse, if any), we... Internal Revenue Code (relating to the earned income tax credit); (2) Any payment from an employer under section 3507 of the Internal Revenue Code (relating to advance payment of the earned income tax credit...

  15. 76 FR 22171 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-04-20

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  16. 75 FR 15772 - Feasibility of Including a Volunteer Requirement for Receipt of Federal Education Tax Credits

    Science.gov (United States)

    2010-03-30

    ... Education Tax Credits AGENCY: Department of the Treasury, Departmental Offices. ACTION: Notice and request... feasibility of instituting a community service requirement as a condition for receiving a tax credit for... requirement as a condition for receiving a tax credit for tuition and related expenses. Treasury and Education...

  17. 75 FR 47349 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-08-05

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Income Tax Credit Project Committee will be held Wednesday, September 22, 2010, at 1 p.m. Eastern Time...

  18. 75 FR 55406 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-09-10

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Income Tax Credit Project Committee will be held Wednesday, October 27, 2010, at 1:00 p.m. Eastern Time...

  19. 76 FR 32024 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-06-02

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of Meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  20. 75 FR 25316 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-05-07

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  1. 75 FR 18955 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee.

    Science.gov (United States)

    2010-04-13

    ... Earned Income Tax Credit Project Committee. AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  2. 75 FR 7540 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-02-19

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  3. 75 FR 51914 - Prohibition of the Escrowing of Tax Credit Equity

    Science.gov (United States)

    2010-08-23

    ... of Tax Credit Equity; Final Rule #0;#0;Federal Register / Vol. 75 , No. 162 / Monday, August 23, 2010... [Docket No. FR-5290-F-02] RIN 2502-AI73 Prohibition of the Escrowing of Tax Credit Equity AGENCY: Office... requirement that tax credit sales proceeds be placed into escrow, at the time of initial endorsement, for...

  4. 17 CFR 256.411 - Provision for deferred income taxes-credit.

    Science.gov (United States)

    2010-04-01

    ... taxes-credit. 256.411 Section 256.411 Commodity and Securities Exchanges SECURITIES AND EXCHANGE... deferred income taxes—credit. This account shall be credited and Accumulated Deferred Income Taxes debited with an amount equal to the portion of taxes on income payable for the year which is attributable to a...

  5. 75 FR 4140 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-01-26

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION... Tax Credit Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public... Advocacy Panel Earned Income Tax Credit Project Committee will be held Wednesday, February 24, 2010, at 1 p...

  6. 76 FR 17995 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-03-31

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit...

  7. 76 FR 56879 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2011-09-14

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS) Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Earned Income Tax Credit Project Committee will be held Monday, October 24, 2011, at 3 p.m. Eastern Time...

  8. 75 FR 62632 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-10-12

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Income Tax Credit Project Committee will be held Wednesday, November 24, 2010, at 1 p.m. Eastern Time via...

  9. 75 FR 11998 - Open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Issue Committee

    Science.gov (United States)

    2010-03-12

    ... Earned Income Tax Credit Issue Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of Meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Issue... Advocacy Panel Earned Income Tax Credit Issue Committee will be held Tuesday, April 20, 2010 from 8 a.m. to...

  10. 76 FR 55946 - Comment Request for Information Collection for the Work Opportunity Tax Credit (WOTC) Program...

    Science.gov (United States)

    2011-09-09

    ... Opportunity Tax Credit (WOTC) Program: Extension With Non-Substantive Revisions AGENCY: Employment and..., ``Certification Workload and Characteristics of Certified Individuals, Work Opportunity Tax Credit'' and provided... submit this report using the Internet-based Tax Credit Reporting System of the Enterprise Business...

  11. 75 FR 39333 - Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Project Committee

    Science.gov (United States)

    2010-07-08

    ... Earned Income Tax Credit Project Committee AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. SUMMARY: An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit... Income Tax Credit Project Committee will be held Wednesday, August 25, 2010, at 1 p.m. Eastern Time via...

  12. 47 CFR 32.4320 - Unamortized operating investment tax credits-net.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 2 2010-10-01 2010-10-01 false Unamortized operating investment tax credits... Sheet Accounts § 32.4320 Unamortized operating investment tax credits—net. (a) This account shall be credited and Account 7210, Operating Investment Tax Credits—Net, should be debited with investment tax...

  13. Moral Consideration Regarding the Arizona Tax Credit Law

    Directory of Open Access Journals (Sweden)

    Anthony G. Rud

    2000-08-01

    Full Text Available I begin by commenting on the language used, both by the Arizona tax credit law, and by our commentators, and then turn to a discussion of a factor I believe fuels the impetus for sectarian education. I end with a consideration of questions related to the social, cognitive, and moral costs of such privatization, in contrast to a democratic commitment to education.

  14. A comparison of fuel savings in the residential and commercial sectors generated by the installation of solar heating and cooling systems under three tax credit scenarios

    Science.gov (United States)

    Moden, R.

    An analysis of expected energy savings between 1977 and 1980 under three different solar tax credit scenarios is presented. The results were obtained through the solar heating and cooling of buildings (SHACOB) commercialization model. This simulation provides projected savings of conventional fuels through the installation of solar heating and cooling systems on buildings in the residential and commercial sectors. The three scenarios analyzed considered the tax credits contained in the Windfall Profits Tax of April 1980, the National Tax Act of November 1978, and a case where no tax credit is in effect.

  15. Relief for marginal wells is better than energy tax

    International Nuclear Information System (INIS)

    Swords, J.; Wilson, D.

    1993-01-01

    By increasing production costs and reducing petroleum prices, President Bill Clinton's proposed energy tax would increase marginal well abandonments and hasten the decline of the US oil and gas industry. Instead, the US needs tax law changes to help counteract the increasing number of oil and gas well abandonments in the lower 48 states. The proposed tax would create potential difficulties, while three incentives could be introduced to reduce abandonments and at the same time preserve US government tax revenues that otherwise would be lost. Eliminating the net income limitation on percentage depletion allowances on wells that would otherwise be abandoned would be a great help for marginal well operators. Extended enhanced oil recovery (EOR) credits and broader investment tax credits could also serve the dual purpose of keeping marginal wells operating longer and generating more federal tax revenues. A marginal well investment tax credit should be provided that is not just a credit for incremented investments that exceed investment in prior years. An investment tax credit based on out-of-pocket costs of production, targeted for marginal wells, would be an important incentive to invest in, and continue to maintain, these properties. (author)

  16. 76 FR 27609 - Reduction of Foreign Tax Credit Limitation Categories Under Section 904(d); Correction

    Science.gov (United States)

    2011-05-12

    ... Reduction of Foreign Tax Credit Limitation Categories Under Section 904(d); Correction AGENCY: Internal... foreign tax credit limitation categories under section 904(d) of the Internal Revenue Code. DATES: This... in and Losses With Respect to the Pre-2007 Separate Category for High Withholding Tax Interest...

  17. An Empirical Evaluation of the Florida Tax Credit Scholarship Program. School Choice Issues in the State

    Science.gov (United States)

    Forster, Greg; D'Andrea, Christian

    2009-01-01

    This study examines the Florida Tax Credit Scholarship program, one of the nation's largest school choice programs. It is the first ever completed empirical evaluation of a tax-credit scholarship program, a type of program that creates school choice through the tax code. Earlier reports, including a recent one on the Florida program, have not…

  18. 26 CFR 20.2014-4 - Application of credit in cases involving a death tax convention.

    Science.gov (United States)

    2010-04-01

    ..., indebtedness, etc., amounted to $50,000. Decedent left his entire estate to his son. There is in effect a death... death tax convention. 20.2014-4 Section 20.2014-4 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT... 16, 1954 Credits Against Tax § 20.2014-4 Application of credit in cases involving a death tax...

  19. A Failed Experiment: Georgia's Tax Credit Scholarships for Private Schools. Special Summary

    Science.gov (United States)

    Southern Education Foundation, 2011

    2011-01-01

    Georgia is one of seven states that currently allow tax credits for scholarships to private schools. The law permits individual taxpayers in Georgia to reduce annual state taxes up to $2,500 for joint returns when they divert funds to a student scholarship organization (SSO). Georgia's law providing tax credits for private school tuition grants or…

  20. Does tax policy affect credit spreads? Evidence from the US and UK

    NARCIS (Netherlands)

    Ji, K.; Qian, Zongxin

    This paper studies how exogenous tax changes affect credit market conditions in the US and UK. Using both structural VAR and structural factor-augmented VAR (FAVAR) model, we find that tax-policy shocks have significant effects on the credit spread. Specifically, the credit spread responds first

  1. Evaluation of the Norwegian R&D Tax Credit Scheme

    Directory of Open Access Journals (Sweden)

    Ådne Cappelen

    2010-11-01

    Full Text Available We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is cost-effective and it is used by a large number of firms. It stimulates these firms to invest more in R&D, and, in particular, the effect is positive for small firms with little R&D experience. The returns on the R&D investments supported by the scheme are positive and generally not different from the returns to other R&D investments. We have found examples of what can be interpreted as tax motivated adjustments to the scheme, but to some extent this must be accepted as a cost to subsidy and support schemes intended for use by a large number of economic agents. This is particularly so when attempts are made to keep administrative expenditures and control routines at a low level.

  2. Do healthcare tax credits help poor-health individuals on low incomes?

    Science.gov (United States)

    Di Novi, Cinzia; Marenzi, Anna; Rizzi, Dino

    2018-03-01

    In several countries, personal income tax permits tax credits for out-of-pocket healthcare expenditure. Tax credits benefit taxpayers at all income levels by reducing their net tax liability and modify the price of out-of-pocket expenditure. To the extent that consumer demand is price elastic, they may influence the amount of eligible healthcare expenditure for which taxpayers may claim a credit. These effects influence, in turn, income distributions and taxpayers' health status and therefore income-related inequality in health. Redistributive consequences of tax credits have been widely investigated. However, little is known about the ability of tax credits to alleviate health inequality. In this paper, we study the potential effects that tax credits for health expenses may have on income-related inequality in health status with reference to the Italian institutional setting. The analysis is performed using a tax-benefit microsimulation model that reproduces the personal income tax and incorporates taxpayers' behavioral responses to changes in tax credit rate. Our results suggest that the current healthcare tax credit design tends to favor the richest part of the population.

  3. Massachusetts reform plus President Bush's tax credits: a national model?

    Science.gov (United States)

    Etheredge, Lynn M

    2006-01-01

    The Massachusetts health reform offers an important opportunity for a new federal-state strategy to cover the uninsured. President George Bush's proposed health insurance tax credits could be added to the Massachusetts health reform. The combined plan would include Medicaid expansions; offer workers affordable coverage through competitive insurance markets; and provide federal, state, employer, and individual financing. Many other states might be interested in similar federal-state partnerships for the forty-five million uninsured Americans. Ending the national impasse on coverage needs this kind of bold initiative.

  4. Impacts of the Solar Investment Tax Credit On State-Level Solar Outcomes

    OpenAIRE

    Kolachalam, Sriman

    2017-01-01

    In this paper, I investigate the effects of the U.S. federally implemented Solar Investment Tax Credit (ITC) on states’ solar energy installation and utilization. In particular, I compare relative trends in solar installation and utilization between states with initially higher levels of solar and states with initially lower levels of solar, before and after the implementation of the Solar ITC. My findings demonstrate that states with initially higher level...

  5. 18 CFR 367.105 - Accounts 411.4, and 411.5, Investment tax credit adjustments.

    Science.gov (United States)

    2010-04-01

    ....5, Investment tax credit adjustments. 367.105 Section 367.105 Conservation of Power and Water... tax credit adjustments. (a) Account 411.4 (§ 367.4114) must be debited with the amounts of investment tax credits related to service company property that are credited to account 255, Accumulated deferred...

  6. 45 CFR 260.33 - When are expenditures on State or local tax credits allowable expenditures for TANF-related...

    Science.gov (United States)

    2010-10-01

    ... State or local tax credits allowable expenditures for TANF-related purposes? (a) To be an allowable expenditure for TANF-related purposes, any tax credit program must be reasonably calculated to accomplish one... credit to be an allowable expenditure. (2) Under a State Earned Income Tax Credit (EITC) program, the...

  7. 5 B-26-05 no. 147 from September 1, 2005. Tax credit for procurement costs in the main dwelling in favor of energy saving and sustainable development. Art. 90 of the 2005 finance law (law no. 2004-1484 from December 30, 2004); 5 B-26-05 no. 147 du 1. septembre 2005. Credit d'impot pour depenses d'equipements de l'habitation principale en faveur des economies d'energie et du developpement durable. Art. 90 de la Loi de finances pour 2005 (Loi no. 2004-1484 du 30 decembre 2004)

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-09-15

    Article 90 from the 2005 French finance law foresees a tax credit for the thermal insulation and equipment expenditures (low temperature and condensation boilers, heat pumps, energy generation systems that use a renewable energy source) spent in the main dwelling in favor of energy saving and sustainable development. This document precises: the field of application of this tax credit (people and buildings), the expenditures in concern, the enforcement modalities (basis, ceiling, ratio, imputation, reimbursement..), the justification of expenses and the applicable sanctions. (J.S.)

  8. Impact of future tax incentive legislation on the development of biomass energy

    International Nuclear Information System (INIS)

    Middleton, G.L. Jr.

    1991-01-01

    Historically, the use of biomass as an energy source has been subsidized by generous tax incentives. These tax incentives took the form of tax-exempt financing, the energy tax credit, the investment tax credit, and short depreciation lives. Common with tax incentives in other areas, the tax incentives for biomass projects have been curtailed in recent years. Given the appetite of Congress for revenue, it is not likely that the recent trend will reverse. If changes do occur, they are likely to involve liberalization of some oof the rules for tax-exempt debt. But even under current law, there are still tax advantages available for biomass energy projects, of which potential developers should be aware

  9. American Exceptionalism Revisited: Tax Relief, Poverty Reduction, and the Politics of Child Tax Credits

    Directory of Open Access Journals (Sweden)

    Joshua T.McCabe

    2016-07-01

    Full Text Available In the 1990s, several liberal welfare regimes (LWRs introduced child tax credits (CTCs aimed at reducing child poverty. While in other countries these tax credits were refundable, the United States alone introduced a nonrefundable CTC. As a result, the United States was the only country in which poor and working-class families were paradoxically excluded from these new benefits. A comparative analysis of Canada and the United States shows that American exceptionalism resulted from the cultural legacy of distinct public policies. We argue that policy changes in the 1940s institutionalized different “logics of appropriateness” that later constrained policymakers in the 1990s. Specifically, the introduction of family allowances in Canada and other LWR countries naturalized a logic of income supplementation in which families could legitimately receive cash benefits without the stigma of “welfare.” Lacking this policy legacy, American attempts to introduce a refundable CTC were quickly derailed by policymakers who saw it as equivalent to welfare. Instead, they introduced a narrow, nonrefundable CTC under the alternative logic of “tax relief,” even though this meant excluding the lowest-income families. The cultural legacy of past policies can explain American exceptionalism not only with regard to CTCs but to other social policies as well.

  10. 27 CFR 24.279 - Tax adjustments related to wine credit.

    Science.gov (United States)

    2010-04-01

    ... wine credit. 24.279 Section 24.279 Alcohol, Tobacco Products and Firearms ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY LIQUORS WINE Removal, Return and Receipt of Wine Taxpaid Removals § 24.279 Tax adjustments related to wine credit. (a) Increasing adjustments. Persons who produce...

  11. 76 FR 39341 - Encouraging New Markets Tax Credit Non-Real Estate Investments; Correction

    Science.gov (United States)

    2011-07-06

    ... DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-114206-11] RIN 1545-BK21 Encouraging New Markets Tax Credit Non-Real Estate Investments; Correction AGENCY: Internal Revenue Service... how the new markets tax credit program may be amended to encourage non-real estate investments. FOR...

  12. 76 FR 39343 - New Markets Tax Credit Non-Real Estate Investments; Correction

    Science.gov (United States)

    2011-07-06

    ... DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-101826-11] RIN 1545-BK04 New Markets Tax Credit Non-Real Estate Investments; Correction AGENCY: Internal Revenue Service (IRS... Tuesday, June 7, 2011 (76 FR 32882) modifying the new markets tax credit program to facilitate and...

  13. The Fiscal Impact of Tax-Credit Scholarships in Oklahoma. State Research

    Science.gov (United States)

    Gottlob, Brian

    2011-01-01

    This study seeks to provide outcomes-based information on Oklahoma's proposal to give tax credits for contributing to organizations that provide scholarships to K-12 private schools. The study constructs a model to determine the fiscal impact of tax-credit scholarships on the state and on local school districts. The author estimates the impact…

  14. 76 FR 54409 - Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit; Correction

    Science.gov (United States)

    2011-09-01

    ... DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [Docket No. REG-126519-11] RIN 1545-BK41 Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit; Correction Correction Proposed Rule document 2011-22067 was inadvertently published in the Rules section of the issue of...

  15. Nordic seminar on energy taxes

    International Nuclear Information System (INIS)

    1991-01-01

    Taxes on energy contribute considerably to a State's income, it is stated. This form of taxation also influences the consumer prices of energy products significantly. Taxation is an important means of political control within the energy sector, it is also a powerful means of controlling a country's environmental policy. The seminar's aim was to study the theoretical background for energy taxation and to provide information on how the standard system for taxation has changed in the various Nordic countries, and the need for a renewal of energy taxation. Seven papers presented at the seminar are presented. (AB)

  16. Taxonomy of energy taxes. [By states

    Energy Technology Data Exchange (ETDEWEB)

    1979-09-01

    This report provides the US DOE with a taxonomy of the direct Federal, state, and local taxes that differentially affect energy markets, including features of general taxes that affect energy differentially; and describes some of the important analytical questions associated with the taxes included in the taxonomy. First, the report discusses energy taxation within the broad context of energy production and use. The second part includes the formal taxonomy and a detailed breakdown of energy taxes by taxing authority and suggests the important issues that are likely to arise in an analysis of energy taxation.

  17. 75 FR 22614 - Renewal of Agency Information Collection for Tax Credit Bonds for Bureau of Indian Affairs-Funded...

    Science.gov (United States)

    2010-04-29

    ... Tax Credit Bonds for Bureau of Indian Affairs-Funded Schools; Comment Request AGENCY: Bureau of Indian... information collection to the Office of Management and Budget (OMB) for renewal: ``Tax Credit Bonds for Bureau... applications for allocations of the $400,000,000 in Tax Credit Bonding Authority granted to the Secretary as a...

  18. 78 FR 16277 - Notice of Submission of Proposed Information Collection to OMB: Low Income Housing Tax Credit...

    Science.gov (United States)

    2013-03-14

    ... Proposed Information Collection to OMB: Low Income Housing Tax Credit Database AGENCY: Office of the Chief... codified as 42 U.S.C. 1437z-8) that requires each state agency administering tax credits under section 42 of the Internal Revenue Code of 1986 (low-income housing tax credits or LIHTC) to furnish HUD, not...

  19. 75 FR 8104 - Information Collection for Tax Credit Bonds for Bureau of Indian Affairs-Funded Schools

    Science.gov (United States)

    2010-02-23

    ... DEPARTMENT OF THE INTERIOR Bureau of Indian Affairs Information Collection for Tax Credit Bonds... seeking comments on a renewing the information collection entitled ``Tax Credit Bonds for Bureau of Indian... 1076-0173 and expires on April 30, 2010. This information collection is related to tax credit bonds for...

  20. 26 CFR 1.904(i)-1 - Limitation on use of deconsolidation to avoid foreign tax credit limitations.

    Science.gov (United States)

    2010-04-01

    ... foreign tax credit limitations. 1.904(i)-1 Section 1.904(i)-1 Internal Revenue INTERNAL REVENUE SERVICE... United States § 1.904(i)-1 Limitation on use of deconsolidation to avoid foreign tax credit limitations... applying the foreign tax credit provisions of section 59(a), sections 901 through 908, and section 960, the...

  1. 75 FR 9609 - Low-Income Housing Tax Credit (LIHTC) Tenant Data Collection: Responses To Advance Solicitation...

    Science.gov (United States)

    2010-03-03

    ... comment on methodology for the collection of data on low-income housing tax credit housing, as required by... 36 (to be codified as 42 U.S.C. 1437z-8) that requires each State agency administering tax credits under section 42 of the Internal Revenue Code of 1986 (low-income housing tax credits or LIHTC) to...

  2. 26 CFR 1.1247-4 - Election by foreign investment company with respect to foreign tax credit.

    Science.gov (United States)

    2010-04-01

    ... respect to foreign tax credit. 1.1247-4 Section 1.1247-4 Internal Revenue INTERNAL REVENUE SERVICE...) and the foreign tax credit under section 901. See, however, paragraph (c)(1) of this section for a... shares outstanding on such last day. (iv) For purposes of the foreign tax credit, the qualified...

  3. 26 CFR 5c.168(f)(8)-7 - Reporting of income, deductions and investment tax credit; at risk rules.

    Science.gov (United States)

    2010-04-01

    ... tax credit; at risk rules. 5c.168(f)(8)-7 Section 5c.168(f)(8)-7 Internal Revenue INTERNAL REVENUE... investment tax credit; at risk rules. (a) In general. The fact that the lessor's payments of interest and... property shall be limited to the extent the at risk rules under the investment tax credit provisions and...

  4. 26 CFR 1.280F-2T - Limitations on recovery deductions and the investment tax credit for certain passenger...

    Science.gov (United States)

    2010-04-01

    ... investment tax credit for certain passenger automobiles (temporary). 1.280F-2T Section 1.280F-2T Internal... TAXES Items Not Deductible § 1.280F-2T Limitations on recovery deductions and the investment tax credit for certain passenger automobiles (temporary). (a) Limitation on amount of investment tax credit—(1...

  5. 26 CFR 1.42A-1 - General tax credit for taxable years ending after December 31, 1975, and before January 1, 1979.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true General tax credit for taxable years ending after... SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Credits Against Tax § 1.42A-1 General tax... section, an individual is allowed as a credit against the tax imposed by chapter 1 for the taxable year in...

  6. 75 FR 17976 - WNC Tax Credits 38, LLC, WNC Tax Credits 39, LLC, WNC Housing Tax Credits Manager, LLC and WNC...

    Science.gov (United States)

    2010-04-08

    ... placement. The minimum investment per Accredited Investor will be determined prior to commencement of the... issuer should be sold only to persons for whom investments in limited profit, essentially tax-shelter... in limited profit, essentially tax shelter, investments would be suitable. Applicants further state...

  7. Sustainable Trade Credit and Replenishment Policies under the Cap-And-Trade and Carbon Tax Regulations

    Directory of Open Access Journals (Sweden)

    Juanjuan Qin

    2015-12-01

    Full Text Available The paper considers the sustainable trade credit and inventory policies with demand related to credit period and the environmental sensitivity of consumers under the carbon cap-and-trade and carbon tax regulations. First, the decision models are constructed under three cases: without regulation, carbon cap-and-trade regulation, and carbon tax regulation. The optimal solutions of the retailer in the three cases are then discussed under the exogenous and endogenous credit periods. Finally, numerical analysis is conducted to obtain conclusions. The retailer shortens the trade credit period as the environmental sensitivity of the consumer is enhanced. The cap has no effects on the credit period decisions under the carbon cap-and-trade regulation. Carbon trade price and carbon tax have negative effects on the credit period. The retailer under carbon cap-and-trade regulation is more motivated to obey regulations than that under carbon tax regulation when carbon trade price equals carbon tax. Carbon regulations have better effects on carbon emission reduction than with exogenous credit term when the retailer has the power to decide with regards credit policies.

  8. Low-Income Housing Tax Credit (LIHTC) Qualified Census Tract (QCT)

    Data.gov (United States)

    Department of Housing and Urban Development — It allows to generate tables for Low-Income Housing Tax Credit (LIHTC) Qualified Census Tracts (QCT) and for Difficult Development Areas (DDA). LIHTC Qualified...

  9. Taxation without representation: the illegal IRS rule to expand tax credits under the PPACA.

    Science.gov (United States)

    Adler, Jonathan H; Cannon, Michael F

    2013-01-01

    The Patient Protection and Affordable Care Act (PPACA) provides tax credits and subsidies for the purchase of qualifying health insurance plans on state-run insurance exchanges. Contrary to expectations, many states are refusing or otherwise failing to create such exchanges. An Internal Revenue Service (IRS) rule purports to extend these tax credits and subsidies to the purchase of health insurance in federal exchanges created in states without exchanges of their own. This rule lacks statutory authority. The text, structure, and history of the Act show that tax credits and subsidies are not available in federally run exchanges. The IRS rule is contrary to congressional intent and cannot be justified on other legal grounds. Because tax credit eligibility can trigger penalties on employers and individuals, affected parties are likely to have standing to challenge the IRS rule in court.

  10. Assisted Housing - Low Income Housing Tax Credit Properties - National Geospatial Data Asset (NGDA)

    Data.gov (United States)

    Department of Housing and Urban Development — The Low-Income Housing Tax Credit (LIHTC) is the primary Federal program for creating affordable housing in the United States. The LIHTC database, created by HUD and...

  11. 18 CFR 367.4114 - Account 411.4, Investment tax credit adjustments, service company property.

    Science.gov (United States)

    2010-04-01

    ... ACT OF 2005, FEDERAL POWER ACT AND NATURAL GAS ACT Income Statement Chart of Accounts Service Company Operating Income § 367.4114 Account 411.4, Investment tax credit adjustments, service company property. This...

  12. British tax credit simplification, the intra-household distribution of income and family consumption

    OpenAIRE

    Fisher, Paul

    2014-01-01

    The UK Government enacted simplification of its tax credit system in 2003. An inter- esting consequence of the reform is that tax credit payments were split between partners in couples, causing a rare wallet to purse transfer. This paper presents evidence on the effects of the reform on family spending, using quasi-likelihood techniques, for a sample of low income couples with children. In areas of child goods, evidence of important spending increases are found, whereas spending decreases are...

  13. Does Competition Improve Public Schools? New Evidence from the Florida Tax-Credit Scholarship Program

    Science.gov (United States)

    Figlio, David; Hart, Cassandra M. D.

    2011-01-01

    Programs that enable students to attend private schools, including both vouchers and scholarships funded with tax credits, have become increasingly common in recent years. This study examines the impact of the nation's largest private school scholarship program on the performance of students who remain in the public schools. The Florida Tax Credit…

  14. Energy taxes, resource taxes and quantity rationing for climate protection

    Energy Technology Data Exchange (ETDEWEB)

    Eisenack, Klaus [Oldenburg Univ. (Germany). Dept. of Economics; Edenhofer, Ottmar; Kalkuhl, Matthias [Potsdam-Institut fuer Klimafolgenforschung e.V., Potsdam (Germany)

    2010-11-15

    Economic sectors react strategically to climate policy, aiming at a re-distribution of rents. Established analysis suggests a Pigouvian emission tax as efficient instrument, but also recommends factor input or output taxes under specific conditions. However, existing studies leave it open whether output taxes, input taxes or input rationing perform better, and at best only touch their distributional consequences. When emissions correspond to extracted ressources, it is questionable whether taxes are effective at all. We determine the effectiveness, efficiency and functional income distribution for these instruments in the energy and resource sector, based on a game theoretic growth model with explicit factor markets and policy instruments. Market equilibrium depends on a government that acts as a Stackelberg leader with a climate protection goal. We find that resource taxes and cumulative resource quantity rationing achieve this objective efficiently. Energy taxation is only second best. Mitigation generates a substantial ''climate rent'' in the resource sector that can be converted to transfer incomes by taxes. (orig.)

  15. State energy severance taxes, 1985-1993

    International Nuclear Information System (INIS)

    1995-09-01

    This report analyzes changes in aggregate and State-level energy severance taxes for 1985 through 1993. Data are presented for crude oil, natural gas, and coal. The report highlights trends in severance tax receipts relative to energy prices and production, using severance tax data published by the Bureau of the Census of the US Department of Commerce and production data published by the Energy Information Administration

  16. 26 CFR 521.115 - Credit against United States tax liability for Danish tax.

    Science.gov (United States)

    2010-04-01

    ... liability for Danish tax. For the purpose of avoidance of double taxation, Article XV provides that, on the... (CONTINUED) REGULATIONS UNDER TAX CONVENTIONS DENMARK General Income Tax Taxation of Nonresident Aliens Who...

  17. 76 FR 40946 - WNC Tax Credits 40, LLC, WNC Tax Credits 41, LLC, WNC Housing Tax Credits Manager 2, LLC, WNC...

    Science.gov (United States)

    2011-07-12

    ... of the Fund's placement. The minimum investment per Accredited Investor will be determined prior to... only to persons for whom investments in limited profit, essentially tax shelter, investments would not.... Applicants represent that Units will be sold only to persons for whom investment in limited profit...

  18. How tax incentives affect the economics of solar energy equipment in the state of North Carolina

    International Nuclear Information System (INIS)

    McGuffey, B.; Brooks, B.; Shirley, L.

    1998-01-01

    To promote and encourage the use of solar energy, the state of North Carolina has put in place one of the most favorable corporate energy tax credit packages in the country. The capital cost of solar energy systems can be reduced 50 to 70% by state and federal tax incentives. The available incentives for solar equipment installation are (1) a 35% state tax credit, up to a one year maximum of $25,000, from North Carolina; (2) a 10% unlimited federal tax credit; and (3) a 5-year federal accelerated depreciation schedule. To promote residential solar systems, the state has provided a residential credit of 40% up to a one year maximum of $1,500

  19. Growth in Means-Tested Programs and Tax Credits for Low-Income Households

    Science.gov (United States)

    Carrington, William; Dahl, Molly; Falk, Justin

    2013-01-01

    The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets. Those programs and credits consist of the following: (1) Medicaid; (2) the low-income…

  20. 26 CFR 1.853-1 - Foreign tax credit allowed to shareholders.

    Science.gov (United States)

    2010-04-01

    ... investment company is not allowed a credit by reason of any provision of the Internal Revenue Code other than... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Foreign tax credit allowed to shareholders. 1.853-1 Section 1.853-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED...

  1. The Little Engine That Hasn't: The Poor Performance of Employer Tax Credits for Child Care.

    Science.gov (United States)

    FitzPatrick, Christina Smith; Campbell, Nancy Duff

    An increasingly popular approach to addressing child care needs of Americas families is to give state tax credits to employers that provide child care assistance to their employees, thereby permitting the employer to offset part of its child care expenditures against its state tax liability. Currently, 28 states have such tax credits, and a…

  2. Exploring the Economic Value of EPAct 2005's PV Tax Credits

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A; Wiser, Ryan; Ing, Edwin

    2009-08-01

    This CESA - LBNL Case Study examines how much economic value do new and expanded federal tax credits really provide to PV system purchasers, and what implications might they hold for state/utility PV grant programs. The report begins with a discussion of the taxability of PV grants and their interaction with federal credits, as this issue significantly affects the analysis that follows. We then calculate the incremental value of EPAct's new and expanded credits for PV systems of different sizes, and owned by different types of entities. The report concludes with a discussion of potential implications for purchasers of PV systems, as well as for administrators of state/utility PV programs. The market for grid-connected photovoltaics (PV) in the US has grown dramatically in recent years, driven in large part by PV grant or 'buy-down' programs in California, New Jersey, and many other states. The recent announcement of a new 11-year, $3.2 billion PV program in California suggests that state policy will continue to drive even faster growth over the next decade. Federal policy has also played a role, primarily by providing commercial PV systems access to tax benefits, including accelerated depreciation (5-year MACRS schedule) and a business energy investment tax credit (ITC). Since the signing of the Energy Policy Act of 2005 (EPAct) on August 8, the federal government has begun to play a much more significant role in supporting both commercial and residential PV systems. Specifically, EPAct increased the federal ITC for commercial PV systems from 10% to 30% of system costs, and also created a new 30% ITC (capped at $2000) for residential solar systems. Both changes went into effect on January 1, 2006, for an initial period of two years, and in late 2006 were extended for an additional year. Unless extended further, the new residential ITC will expire, and the 30% commercial ITC will revert back to 10%, on January 1, 2009. How much economic value do these

  3. Effects of Federal Tax Credits for the Purchase of Electric Vehicles

    OpenAIRE

    Congressional Budget Office

    2012-01-01

    The federal government offers tax credits of up to $7,500 to buyers of new electric vehicles. Compared to conventional vehicles, electric vehicles cost more to buy, use less gasoline, and may reduce overall emissions of greenhouse gases. CBO's report assesses how the credits affect the relative cost of owning an electric vehicle, and how cost-effectively the credits reduce gasoline consumption and greenhouse gas emissions.

  4. Exploring the Economic Value of EPAct 2005's PV Tax Credits

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark; Wiser, Ryan; Ing, Edwin

    2006-03-28

    The market for grid-connected photovoltaics (PV) in the US has grown dramatically in recent years, driven in large part by PV grant or ''buy-down'' programs in California, New Jersey, and many other states. The recent announcement of a new 11-year, $3.2 billion PV program in California suggests that state policy will continue to drive even faster growth over the next decade. Federal policy has also played a role, primarily by providing commercial PV systems access to tax benefits, including accelerated depreciation (5-year MACRS schedule) and a business energy investment tax credit (ITC). With the signing of the Energy Policy Act of 2005 (EPAct) on August 8, the federal government is poised to play a much more significant future role in supporting both commercial and residential PV systems. Specifically, EPAct increased the federal ITC for commercial PV systems from 10% to 30% of system costs, and also created a new 30% ITC (capped at $2000) for residential solar systems. Both changes went into effect on January 1, 2006, and--absent an extension (for which the solar industry has already begun lobbying)--will last for a period of two years: the new residential ITC will expire, and the 30% commercial ITC will revert back to 10%, on January 1, 2008. How much economic value do these new and expanded federal tax credits really provide to PV system purchasers? And what implications might they hold for state/utility PV grant programs? Using a generic (i.e., non-state-specific) cash flow model, this report explores these questions. We begin with a discussion of the taxability of PV grants and their interaction with federal credits, as this issue significantly affects the analysis that follows. We then calculate the incremental value of EPAct's new and expanded credits for PV systems of different sizes, and owned by different types of entities. We conclude with a discussion of potential implications for purchasers of PV systems, as well as for

  5. 12 CFR 724.1 - Federal credit unions acting as trustees and custodians of certain tax-advantaged savings plans.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Federal credit unions acting as trustees and... UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS TRUSTEES AND CUSTODIANS OF CERTAIN TAX-ADVANTAGED SAVINGS PLANS § 724.1 Federal credit unions acting as trustees and custodians of certain tax...

  6. 26 CFR 20.2012-1 - Credit for gift tax.

    Science.gov (United States)

    2010-04-01

    ... decedent's death and the amount of the gift tax is deductible from the gross estate as a debt of the... gift tax was determined as shown below: Gift of property to son on February 1 $13,000 Gift of property... calendar year 1955 3,600 The donor's gift to his wife was made in contemplation of death and was thereafter...

  7. Extending Marketplace Tax Credits Would Make Coverage More Affordable for Middle-Income Adults.

    Science.gov (United States)

    Liu, Jodi; Eiber, Christine

    2017-07-01

    ISSUE: Affordability of health coverage is a growing challenge for Americans facing rising premiums, deductibles, and copayments. The Affordable Care Act's tax credits make marketplace insurance more affordable for eligible lower-income individuals. However, individuals lose tax credits when their income exceeds 400 percent of the federal poverty level, creating a steep cliff. GOALS: To analyze the effects of extending eligibility for tax credits to individuals with incomes above 400 percent of the federal poverty level. METHODS: We used RAND's COMPARE microsimulation model to examine changes in insurance coverage and health care spending. KEY FINDINGS AND CONCLUSIONS: Extending tax-credit eligibility increases insurance enrollment by 1.2 million, at a total federal cost of $6.0 billion. Those who would benefit from the tax-credit extension are mostly middle-income adults ages 50 to 64. These new enrollees would be healthier than current enrollees their age, which would improve the risk pool and lower premiums. Eliminating the cliff at 400 percent of the federal poverty level is one policy option that may be considered to increase affordability of insurance.

  8. The market for tradable renewable energy credits

    International Nuclear Information System (INIS)

    Berry, David

    2002-01-01

    As states seek to foster the development of renewable energy resources, some have introduced renewable portfolio standards (RPSs) which require retailers of electricity to derive a specified amount of their energy supply from renewable energy resources. RPSs in Texas, Arizona, Wisconsin and Nevada allow for or require the use of tradable renewable energy credits. The price of such credits is expected to reflect the cost premium for generating electricity from renewable resources relative to the market price of conventionally generated electricity. Using the market to trade renewable energy credits exposes buyers and sellers to risks of imperfect information, poor performance, and opportunism. These risks can be managed through contractual arrangements and regulatory requirements pertaining to property rights in credits, pricing, term of the contract, and assurance of performance

  9. The Effects of Low Income Housing Tax Credit Developments on Neighborhoods.

    Science.gov (United States)

    Baum-Snow, Nathaniel; Marion, Justin

    2009-06-01

    This paper evaluates the impacts of new housing developments funded with the Low Income Housing Tax Credit (LIHTC), the largest federal project based housing program in the U.S., on the neighborhoods in which they are built. A discontinuity in the formula determining the magnitude of tax credits as a function of neighborhood characteristics generates pseudo-random assignment in the number of low income housing units built in similar sets of census tracts. Tracts where projects are awarded 30 percent higher tax credits receive approximately six more low income housing units on a base of seven units per tract. These additional new low income developments cause homeowner turnover to rise, raise property values in declining areas and reduce incomes in gentrifying areas in neighborhoods near the 30th percentile of the income distribution. LIHTC units significantly crowd out nearby new rental construction in gentrifying areas but do not displace new construction in stable or declining areas.

  10. 26 CFR 5c.168(f)(8)-9 - Pass-through leases-transfer of only the investment tax credit to a party other than the ultimate...

    Science.gov (United States)

    2010-04-01

    ... investment tax credit to a party other than the ultimate user of the property. [Reserved] 5c.168(f)(8)-9...) INCOME TAX (CONTINUED) TEMPORARY INCOME TAX REGULATIONS UNDER THE ECONOMIC RECOVERY TAX ACT OF 1981 § 5c.168(f)(8)-9 Pass-through leases—transfer of only the investment tax credit to a party other than the...

  11. Uptake and effectiveness of the Children's Fitness Tax Credit in Canada: the rich get richer.

    Science.gov (United States)

    Spence, John C; Holt, Nicholas L; Dutove, Julia K; Carson, Valerie

    2010-06-21

    The Government of Canada implemented a Children's Fitness Tax Credit (CFTC) in 2007 which allows a non-refundable tax credit of up to $500 to register a child in an eligible physical activity (PA) program. The purposes of this study were to assess whether the awareness, uptake, and perceived effectiveness of this tax credit varied by household income among Canadian parents. An internet-based panel survey was conducted in March 2009 with a representative sample of 2135 Canadians. Of those, parents with children aged 2 to 18 years of age (n = 1004) were asked if their child was involved in organized PA programs (including dance and sports), the associated costs to register their child in these programs, awareness of the CFTC, if they had claimed the CFTC for the tax year 2007, and whether they planned to claim it in the upcoming year. Parents were also asked if they believed the CFTC has lead to their child being more involved in PA programs. Among parents, 54.4% stated their child was in organized PA and 55.5% were aware of the CFTC. Parents in the lowest income quartile were significantly less aware and less likely to claim the CFTC than other income groups. Among parents who had claimed the CFTC, few (15.6%) believed it had increased their child's participation in PA programs. More than half of Canadian parents with children have claimed the CFTC. However, the tax credit appears to benefit the wealthier families in Canada.

  12. Energy tax on industry in Denmark

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-12-01

    Denmark is in the process of increasing `green` taxes on energy consumption within industry. It is estimated that this will reduce emission of carbon dioxide and sulphur dioxide by ca. 5% in each case. Increases will come into effect during 1996, and rates of taxation will be gradually increased until the year 2000. Investment grants will become available within a substantial financial framework. A small number of enterprises with a high level of energy consumption will receive reimbursement provided they agree to invest in energy-saving programmes under agreements with the authorities. The threat of a full tax liability will discourage non-compliance. Legislation passed on June 2nd, 1995, will be reassessed in 1998 in the light of its proven effectiveness. In order to maintain competitiveness, all revenue raised by the energy tax should be recycled to industry and the rates of taxation should be differentiated according to the level of energy consumption in the various production processes. The publication gives further information on national environmental goals, the historical aspects of energy taxes in Denmark, the macro-economic effects of the energy tax on industry, taxes on pesticides, chlorinated solvents and NiCd batteries, the work of the Danish Civil Service Committee and the SAVE programme (Specific Actions for Vigorous Energy) adopted by the European Commission in October 1991. It is recommended that uniform tax rates and freedom of action in the use of tax revenue are only realistic if the taxes could be introduced on a common basis involving several or many countries. (AB)

  13. Taxpayer confusion: evidence from the child tax credit

    Czech Academy of Sciences Publication Activity Database

    Feldman, N. E.; Katuščák, Peter; Kawano, L.

    2016-01-01

    Roč. 106, č. 3 (2016), s. 807-835 ISSN 0002-8282 Institutional support: PRVOUK-P23 Keywords : economic stimulus payments * real-effort experiment * income- tax Subject RIV: AH - Economics Impact factor: 4.026, year: 2016

  14. Taxpayer confusion: evidence from the child tax credit

    Czech Academy of Sciences Publication Activity Database

    Feldman, N. E.; Katuščák, Peter; Kawano, L.

    2016-01-01

    Roč. 106, č. 3 (2016), s. 807-835 ISSN 0002-8282 R&D Projects: GA ČR(CZ) GBP402/12/G130 Institutional support: RVO:67985998 Keywords : economic stimulus payments * real-effort experiment * income-tax Subject RIV: AH - Economics Impact factor: 4.026, year: 2016

  15. The New Tax Credits: How Much Will They Offset Higher Student Fees in California? Report 09-22

    Science.gov (United States)

    Jones, Jessika

    2009-01-01

    The American Recovery and Reinvestment Act (ARRA) significantly increases federal tax credits for people who pay for college education. For many families, these tax credits will offset most of the recent fee increases at University of California (UC), California State University (CSU), and the community colleges. Some students will likely be…

  16. Non-refundable tax credits are an inequitable policy instrument for promoting physical activity among Canadian children.

    Science.gov (United States)

    Spence, John C; Holt, Nicholas L; Sprysak, Christopher J; Spencer-Cavaliere, Nancy; Caulfield, Timothy

    2012-01-01

    A clear income gradient exists for the sport and physical activity (PA) participation of Canadian children. Governments in Canada recently introduced tax credits to alleviate the financial burden associated with registering a child in organized physical activity (including sport). The majority of these credits, including the Children's Fitness Tax Credit, are non-refundable (i.e., reduces the amount of income tax a person pays). Such credits are useful only for individuals who incur a certain level of tax liability. Thus, low-income families who may pay little or no income tax will not benefit from the presence of non-refundable tax credits. In this commentary, we argue that the non-refundable tax credit is inherently inequitable for promoting PA. We suggest that a combination of refundable tax credits and subsidized programming for low-income children would be more equitable than the current approach of the Canadian government and several provinces that are expending approximately $200 million to support these credits.

  17. On Common Constitutional Ground: How Georgia's Scholarship Tax Credits Mirror Other State Programs and Expand Educational Opportunity

    Science.gov (United States)

    Carpenter, Dick M., II.; Erickson, Angela C.

    2016-01-01

    In 2008, Georgia launched a tax-credit scholarship program to expand educational opportunities for the state's pre-K through 12th-grade students by providing them scholarships to attend private schools. Georgia's scholarship tax credit program will help over 13,000 children get the best education for their needs at secular and religious private…

  18. Grant credit lines for energy efficiency

    International Nuclear Information System (INIS)

    Gramatikov, P.; Iliev, I.

    2010-01-01

    The European Commission established a mechanism of credit lines to integrate more quickly the Bulgarian economy to the open international markets. Thereby it was enabled certain Bulgarian banks to provide grant loans to private companies in the industrial sector for projects of improvement of the energy efficiency of their production. The Bulgarian experience in using of two European credit lines and their role in the current economic crisis is presented in this paper. (authors)

  19. 26 CFR 509.118 - Credit against United States tax for Swiss tax.

    Science.gov (United States)

    2010-04-01

    .... For the purpose of mitigating double taxation, Article XV(1)(a) of the convention provides that a... exemption from United States tax granted by Article VIII of the convention with respect to a copyright... exclusion from gross income, and exemption from United States tax, granted by Article XI(1) of the...

  20. The Tax-Credit Scholarship Audit: Do Publicly Funded Private School Choice Programs Save Money?

    Science.gov (United States)

    Lueken, Martin F.

    2016-01-01

    This report follows up on previous work that examined the fiscal effects of private school voucher programs. It estimates the total fiscal effects of tax-credit scholarship programs--another type of private school choice program--on state governments, state and local taxpayers, and school districts combined. Based on a range of assumptions, these…

  1. Volunteering for College? Potential Implications of Financial Aid Tax Credits Rewarding Community Service

    Science.gov (United States)

    Wells, Ryan S.; Lynch, Cassie M.

    2014-01-01

    President Obama has proposed a financial aid policy whereby students who complete 100 hours of community service would receive a tax credit of US$4,000 for college. After lawmakers cut this proposal from previous legislation, the administration was tasked with studying the feasibility of implementation. However, the implications of the policy for…

  2. Do Vouchers and Tax Credits Increase Private School Regulation? A Statistical Analysis

    Science.gov (United States)

    Coulson, Andrew J.

    2011-01-01

    School voucher and education tax credit programs have proliferated in the United States over the past 2 decades. Advocates have argued that they will enable families to become active consumers in a free and competitive education marketplace, but some fear that these programs may bring a heavy regulatory burden that could stifle market forces.…

  3. The Fiscal Impact of Tax-Credit Scholarships in Oklahoma. School Choice Issues in the State

    Science.gov (United States)

    Gottlob, Brian

    2009-01-01

    This analysis examines the demographics of the special needs population in public and private schools in Oklahoma and estimates the impact on school enrollments providing tax credit funded scholarship grants for special needs students. The author and his colleagues develop a model that shows how the expenditures of Oklahoma's school districts vary…

  4. 76 FR 77454 - New Markets Tax Credit Non-Real Estate Investments; Hearing Cancellation

    Science.gov (United States)

    2011-12-13

    ... DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-128224-06] RIN 1545-BF80 New Markets Tax Credit Non-Real Estate Investments; Hearing Cancellation AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Cancellation of notice of public hearing on proposed rulemaking. SUMMARY...

  5. Do Vouchers and Tax Credits Increase Private School Regulation? A Statistical Analysis. CATO Working Paper

    Science.gov (United States)

    Coulson, Andrew J.

    2010-01-01

    School voucher and education tax credit programs have proliferated in the United States over the past two decades. Advocates have argued that they will enable families to become active consumers in a free and competitive education marketplace, but some fear that these programs may in fact bring with them a heavy regulatory burden that could stifle…

  6. How to Calculate the Costs or Savings of Tax Credit Voucher Policies. NEPC Policy Memo

    Science.gov (United States)

    Welner, Kevin

    2011-01-01

    In this NEPC Policy Memo, Professor Welner explains that the most honest and conscientious approach to reporting the fiscal impact of tax credit vouchers is to provide a range of outcomes and let the readers--not the legislative analysts themselves--speculate on which is most likely. If a bottom line is demanded, it should be couched in as many…

  7. Non-Religion-Based State Constitutional Challenges to Educational Voucher and Tax Credit Programs

    Science.gov (United States)

    Green, Preston C., III

    2016-01-01

    This article provides an overview of non-religion-based state constitutional challenges to educational voucher and tax credit/scholarship programs. The first section discusses litigation examining whether education voucher programs violate constitutional provisions requiring the legislature to provide an efficient system of public schools. The…

  8. The Fiscal Impact of Tax-Credit Scholarships in Montana. School Choice Issues in the State

    Science.gov (United States)

    Gottlob, Brian

    2009-01-01

    Many states have enacted or are considering proposals to give tax credits for contributions that provide tuition scholarships for students in K-12 schools to attend the private or public schools of their choice. This study seeks to inform the public and policymakers about the implications for Montana if the state were to enact such a program. The…

  9. Opening the Schoolhouse Doors: Tax Credits and Educational Access in Alabama

    Science.gov (United States)

    Carpenter, Dick M., II.; Erickson, Angela C.

    2014-01-01

    In 2013, Alabama adopted the Alabama Accountability Act, an education reform measure that includes two new school choice programs that extend a lifeline to Alabama students trapped in failing public schools. One program offers a tax credit to help offset the cost of tuition for families who move their children from public schools designated as…

  10. 76 FR 32880 - Encouraging New Markets Tax Credit Non-Real Estate Investments

    Science.gov (United States)

    2011-06-07

    ... proceeds is affiliated with the primary CDE or the qualified equity investment investors; and (iii) the... be a non-profit entity or the affiliate of a non-profit entity? B. Encouraging Equity Investments in... Encouraging New Markets Tax Credit Non-Real Estate Investments AGENCY: Internal Revenue Service (IRS...

  11. The Mid-1990s Earned Income Tax Credit Expansion: EITC and Welfare Caseloads

    Science.gov (United States)

    Lim, Younghee

    2008-01-01

    Research and policy scholars have suggested that recent welfare caseload reductions have coincided with welfare reform efforts; however, few studies have incorporated the impacts of the Earned Income Tax Credit (EITC) expansions in the 1990s. Using annual state-level administrative data, the author estimated the effects of the fully phased-in…

  12. Tax Court allows tax credit for herbs and vitamins, not for massage.

    Science.gov (United States)

    Elliott, Richard

    2002-03-01

    In August 2001, the Tax Court of Canada issued its most recent judgment on the tax deductability of expenses for complementary/alternative therapies. The decision in Pagnotta v Canada is significant for people with HIV/AIDS who use such therapies. It also illustrates how provincial and federal laws regulating health-care practitioners and natural health products have a financial impact on the cost of accessing treatment.

  13. 26 CFR 1.280F-3T - Limitations on recovery deductions and the investment tax credit when the business use percentage...

    Science.gov (United States)

    2010-04-01

    ... investment tax credit when the business use percentage of listed property is not greater than 50 percent... recovery deductions and the investment tax credit when the business use percentage of listed property is... limitations with respect to the amount allowable as an investment tax credit under section 46(a) and the...

  14. 26 CFR 1.280F-1T - Limitations on investment tax credit and recovery deductions under section 168 for passenger...

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 3 2010-04-01 2010-04-01 false Limitations on investment tax credit and... Limitations on investment tax credit and recovery deductions under section 168 for passenger automobiles and... the amount of investment tax credit determined under section 46(a) and recovery deductions under...

  15. 26 CFR 301.6103(k)(9)-1 - Disclosure of returns and return information relating to payment of tax by credit card and debit...

    Science.gov (United States)

    2010-04-01

    ... relating to payment of tax by credit card and debit card. 301.6103(k)(9)-1 Section 301.6103(k)(9)-1... Disclosure of returns and return information relating to payment of tax by credit card and debit card... processing credit card and debit card transactions to effectuate payment of tax as authorized by § 301.6311-2...

  16. Energy sources taxes. 1989-1992 Plan

    International Nuclear Information System (INIS)

    Pery, J.P.

    1990-12-01

    Owing to the development of nuclear power industry and energy conservation, the french energy independence has well progressed since 1973. But french imports are still higher than 50 percent of energy consumption in the country and important uncertainties exist such the cost of energy supply or the risks of supply disruption. This paper describes energy fiscal policy and taxes in France and its development possibilities

  17. TAX TREATMENT OF CARBON CREDIT OPERATIONS IN BRAZILIAN COMPANIES WITH CDM PROJECTS

    Directory of Open Access Journals (Sweden)

    Vanderlei dos Santos

    2012-06-01

    Full Text Available The aim in this study is to identify the tax treatment applied to carbon credit operations in Brazilian companies that are developing projects in the context of the Clean Development Mechanism (CDM. Therefore, an exploratory research with a qualitative approach was developed. Data were collected with the help of questionnaire, forwarded to all Brazilian companies with CDM projects that received approval from the Inter-Ministerial Commission on Global Climate Change (CIMGC without safeguards, according to the list of the Brazilian Ministry of Science and Technology. Out of 117 companies listed, only five answered the research instrument, which represents an accessibility sample. The results show that, as for the tax treatment applied in the companies under analysis, IRPJ and CSLL should be charged on carbon credit operations. Regarding PIS, COFINS, ISS, some companies considered that these taxes are due and others that they are not. There is a consensus, though, about the fact that ICMS and IOF should not be charged. In conclusion, no uniform understanding exists as of yet about due taxes in the research sample, as no specific fiscal legislation exists yet on carbon credits in Brazil.

  18. Carbon-energy tax and sustainable development

    International Nuclear Information System (INIS)

    Ter Brugge, Marc.

    1994-01-01

    In 1992 the European Commission made a proposal for a carbon-energy tax to be introduced in Member States of the European Union (EU). So far, this proposal for a coordinated international response to the problem of global warming has met with a great deal of unwillingness among the Member States. During the first half of 1994 the Greek Chairmanship of the European Union will make another attempt to reach consensus. There does not seem to be much hope, however, that European countries will consent in the introduction of a EU-wide tax on carbon and energy. The Dutch government, in the mean time, has announced to introduce an energy tax for small users in 1995. In this paper InZet draws attention to the consequences for developing countries of the introduction of an energy tax in the industrialised countries. InZet strongly believes that instruments aimed at dealing with global environmental problems such as the greenhouse effect should have a global, integral focus. These instruments should be screened on their consequences for sustainable development in developing countries. Options for a more sustainable energy use in developing countries should form an integral part of energy policy instruments in the industrialised countries. The paper is structured as follows. In Chapter 1 an introduction to the phenomenon of global warming is given and the role of carbon/energy taxes in reducing CO 2 emissions is outlined. In Chapter 2 a definition of sustainable development and the means by which it can be supported in the South are discussed. Chapter 3 provides a description of various carbon/energy taxes, and in Chapter 4 the conclusions are given as well as several policy recommendations. 75 refs

  19. Funding the heavy oil sector's innovation : maximizing Canada's R and D tax credit

    International Nuclear Information System (INIS)

    Hill, G.S.; Bernard, M.; Cheung, S.

    2008-01-01

    Canada offers one of the most generous, broadly applicable business tax incentives for eligible research and development projects in the world. The scientific research and experimental development (SR and ED) program is administered by the Canada Revenue Agency and is the single largest federal program, providing over 3 billion dollars in tax assistance to Canadian businesses in 2006. The development of in-situ oil sands recovery technologies such as steam assisted gravity drainage and other techniques have been research-intensive undertakings that have historically benefited from the SR and ED program, many of which are now commercial available technologies. The SR and ED program definition, eligible activities, eligible expenditures, and benefits were described in this paper. These benefits include the ability to deduct qualifying expenditures currently or to defer them indefinitely, as well as investment tax credits that reduce taxes payable on a dollar for dollar basis. Research and development in the heavy oil and oil sands industries was also discussed with reference to platforms for research and development; areas of potential SR and ED. It was concluded that the SR and ED program is a vital source of financing to many Canadian corporations, and could offer significant assistance to companies in the heavy oil and oil sands sector by returning 20-35 per cent of the expenditures back at the federal level as a tax credit. 5 refs

  20. Summary of Administration's modified Btu energy tax

    International Nuclear Information System (INIS)

    Godley, G.E.; Moore, W.H.; Pate, M.L.; Schuldinger, M.

    1993-01-01

    The base tax rate is 25.7 cents per million Btus for coal, natural gas, liquefied petroleum gases, natural gasoline, nuclear-generated electricity, hydro, and imported electricity. Refined petroleum products are to be taxed at 59.9 cents/million Btus. The tax will be phased in beginning July 1, 1994 and will be indexed for inflation beginning January 1, 1998. The Btu content will be determined by: the actual content for coal; the national average Btu content for all other types of fuels; and the national average of Btus required to produce fossil fuel-generated electricity for nuclear and hydro-generated electricity. The paper explains collection points, special rules to permit pass-through of taxes, exemptions; and use and floor-stock taxes. It then goes on to discuss the objectives that the Administration has for this tax; the forecasted effect on consumers; offsets for low-income families; competitiveness; regional balance; and energy producers. Frequently asked questions and the answers are given

  1. The effects of Earned Income Tax Credit payment expansion on maternal smoking.

    Science.gov (United States)

    Averett, Susan; Wang, Yang

    2013-11-01

    The Earned Income Tax Credit is the largest antipoverty program in the USA. In 1993, the Earned Income Tax Credit benefit levels were changed significantly based on the number of children in the family such that families with two or more children experienced an exogenous expansion in their incomes. Using data from the National Longitudinal Survey of Youth 1979 cohort, we use a triple-difference plus fixed effects framework to examine the effect of this change on the probability of smoking among low-educated mothers. We find that the probability of smoking for White low-educated mothers of two or more children significantly decreased relative to those with only one child, and this result is robust to various specification tests. This result provides new evidence on the protective effect of income on health through changes in a health-related behavior and therefore has important policy implications. Copyright © 2012 John Wiley & Sons, Ltd.

  2. Rules regarding the health insurance premium tax credit. Final and temporary regulations.

    Science.gov (United States)

    2014-07-28

    This document contains final and temporary regulations relating to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the Medicare and Medicaid Extenders Act of 2010, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011, and the Department of Defense and Full-Year Continuing Appropriations Act of 2011 and the 3% Withholding Repeal and Job Creation Act. These regulations affect individuals who enroll in qualified health plans through Affordable Insurance Exchanges (Exchanges) and claim the premium tax credit, and Exchanges that make qualified health plans available to individuals. The text of the temporary regulations in this document also serves as the text of proposed regulations set forth in a notice of proposed rulemaking (REG-104579-13) on this subject in the Proposed Rules section in this issue of the Federal Register.

  3. Tax credits, insurance, and in vitro fertilization in the U.S. military health care system.

    Science.gov (United States)

    Wu, Mae; Henne, Melinda; Propst, Anthony

    2012-06-01

    The FAMILY Act, an income tax credit for infertility treatments, was introduced into the U.S. Senate on May 12, 2011. We estimated the costs and utilization of in vitro fertilization (IVF) in the military if infertility treatment became a tax credit or TRICARE benefit. We surveyed 7 military treatment facilities (MTFs) that offer IVF, with a 100% response rate. We first modeled the impact of the FAMILY Act on the MTFs. We then assessed the impact and costs of a TRICARE benefit for IVF. In 2009, MTFs performed 810 IVF cycles with average patient charges of $4961 and estimated pharmacy costs of $2K per cycle. With implementation of the FAMILY Act, we estimate an increase in IVF demand at the MTFs to 1165 annual cycles. With a TRICARE benefit, estimated demand would increase to 6,924 annual IVF cycles. MTF pharmacy costs would increase to $7.3 annually. TRICARE medical and pharmacy costs would exceed $24.4 million and $6.5 million, respectively. In conclusion, if the FAMILY Act becomes law, demand for IVF at MTFs will increase 29%, with a 50% decrease in patient medical expenses after tax credits. MTF pharmacy costs will rise, and additional staffing will be required to meet the demand. If IVF becomes a TRICARE benefit, demand for IVF will increase at least 2-fold. Current MTFs would be unable to absorb the increased demand, leading to increased TRICARE treatment costs at civilian centers.

  4. The Response of Corporate Dividend Policy to The Abolition of Tax Credit in the United Kingdom (U.K.

    Directory of Open Access Journals (Sweden)

    Hardo Basuki

    2007-06-01

    This study also investigates whether individual U.K. companies respond to the 1997 abolition of tax-credit. The test results show that the majority of companies in the sample do not change their dividend policies after the abolition of tax credit. It is possible that companies are reluctant to cut their dividend payment since the existing dividend payout could be sustained in the long-run. They also avoid sending negative signals to the market. Thus, companies typically chose to keep a dividend level relatively stable following the tax change in 1997. Only the minority of the U.K. companies experience a decline in their dividend payment. This evidence supports the hypothesis that the abolition of tax credit on dividends results in a decrease in aggregate dividend payment in order to satisfy a tax clientele.

  5. Do increases in subsidized housing reduce the incidence of homelessness? Vidence from the low-income housing tax credit

    OpenAIRE

    Jackson, Osborne; Kawano, Laura

    2015-01-01

    We examine the impact of subsidized housing on homelessness using the Low-Income Housing Tax Credit (LIHTC), the largest place-based housing program in the United States. To generate quasi-experimental variation in housing placements, we exploit a discontinuous increase in the amount of tax credits available to projects placed in certain high-poverty neighborhoods. Using data from the U.S. Census and HUD, we find that LIHTC project installation has no significant impact on neighborhood homele...

  6. Geographic proximity to coal plants and U.S. public support for extending the Production Tax Credit

    International Nuclear Information System (INIS)

    Goldfarb, Jillian L.; Buessing, Marric; Kriner, Douglas L.

    2016-01-01

    The Production Tax Credit (PTC) is an important policy instrument through which the federal government promotes renewable energy development in the United States. However, the efficacy of the PTC is hampered by repeated expirations and short-term extensions, and by the general uncertainty surrounding its future status. We examine the factors driving variation in public support for the extension of the PTC using a nationally representative, internet-based survey. Americans living near a coal-fired power plant are significantly more likely to support extending the PTC than are their peers who are more insulated from the externalities of burning coal. The evidence for this dynamic was strongest and most statistically significant among subjects experimentally primed to think about the adverse health effects of burning coal. Raising awareness of the public health ramifications of generating electricity from fossil fuels holds the potential to increase support for renewable energy policies among those living in proximity to coal plants, even in a highly politicized policy debate. - Highlights: • Proximity to coal power plant increases support for Production Tax Credit. • Attitudes toward global warming influence support for PTC. • Raising awareness of health threat increases PTC support if living near coal plant.

  7. State-scale evaluation of renewable electricity policy. The role of renewable electricity credits and carbon taxes

    International Nuclear Information System (INIS)

    Levin, Todd; Thomas, Valerie M.; Lee, Audrey J.

    2011-01-01

    We have developed a state-scale version of the MARKAL energy optimization model, commonly used to model energy policy at the US national scale and internationally. We apply the model to address state-scale impacts of a renewable electricity standard (RES) and a carbon tax in one southeastern state, Georgia. Biomass is the lowest cost option for large-scale renewable generation in Georgia; we find that electricity can be generated from biomass co-firing at existing coal plants for a marginal cost above baseline of 0.2-2.2 cents/kWh and from dedicated biomass facilities for 3.0-5.5 cents/kWh above baseline. We evaluate the cost and amount of renewable electricity that would be produced in-state and the amount of out-of-state renewable electricity credits (RECs) that would be purchased as a function of the REC price. We find that in Georgia, a constant carbon tax to 2030 primarily promotes a shift from coal to natural gas and does not result in substantial renewable electricity generation. We also find that the option to offset a RES with renewable electricity credits would push renewable investment out-of-state. The tradeoff for keeping renewable investment in-state by not offering RECs is an approximately 1% additional increase in the levelized cost of electricity. (author)

  8. Sustainable waste management research and development : a successful use of landfill tax credit funds?

    International Nuclear Information System (INIS)

    Read, A.D.

    2000-01-01

    A landfill tax was introduced to the United Kingdom in October 1996 to ensure that landfill waste disposal reflects its environmental cost. The tax system makes allowances so that some of the taxes raised can be used to encourage projects which reflect sustainable development in waste management. According to regulations, some of the projects deemed acceptable for tax credits are: (1) reclamation, remediation or restoration projects, (2) any operation that reduces the potential for pollution, (3) research, development and education of information about waste management practices, (4) improvements of public amenities in the vicinity of a landfill site, and (5) maintenance or repair of a historic building that is in the vicinity of a landfill site. The statistical data relating to the projects indicate a good response from landfill operators in the first two years, but since then, the proportional distribution of approved projects has remained static. This paper argues that the system is inadequately funded and focused in the wrong direction. The projects and contributions made under this new tax scheme were analyzed to determine if the system is capable of following a sustainable approach. 9 refs., 6 tabs

  9. 18 CFR 367.4112 - Account 411.2, Provision for deferred income taxes-Credit, other income and deductions.

    Science.gov (United States)

    2010-04-01

    ... UTILITY HOLDING COMPANY ACT OF 2005, FEDERAL POWER ACT AND NATURAL GAS ACT Income Statement Chart of Accounts Service Company Operating Income § 367.4112 Account 411.2, Provision for deferred income taxes..., Provision for deferred income taxes-Credit, other income and deductions. 367.4112 Section 367.4112...

  10. 18 CFR 367.4111 - Account 411.1, Provision for deferred income taxes-Credit, operating income.

    Science.gov (United States)

    2010-04-01

    ... COMPANY ACT OF 2005, FEDERAL POWER ACT AND NATURAL GAS ACT Income Statement Chart of Accounts Service Company Operating Income § 367.4111 Account 411.1, Provision for deferred income taxes—Credit, operating..., Provision for deferred income taxes-Credit, operating income. 367.4111 Section 367.4111 Conservation of...

  11. European Union definitely introduces common taxes on energy

    International Nuclear Information System (INIS)

    Schoenweisner, R.

    2003-01-01

    In this paper taxes of the European Union on energy are reviewed. European Union Ministers of environment Council definitely ratified new common system of minimal energy taxes in last week. Council introduces par excellence minimal all-European size of an electricity, coal and natural gas consumption tax. New directive according to European Commission will improve operation of internal market and eliminate deformation of competitive environment among individual members as well as among mineral oils and the other energy sources. Slovak Republic taxes all motor fuel types by higher charge as is minimal level demanded by EU according to new directive after rising of consumable tax from mineral oils in August 2003. According to Minister of Finances Slovak Republic demanded European Union for a temporary 10-year period for utilizing electricity, coal, coke, and natural gas consumption tax. According to Ministry, Utilizing new taxes and rising of tax load is not in interest of started tax reform in Slovak Republic

  12. Effect of energy taxes on energy consumption

    International Nuclear Information System (INIS)

    Johnsen, T.A.

    1991-01-01

    The energy consumption and taxation in Norway is described in addition to some of the consequences of this taxation on the energy market. Modelling of energy demand is dealt with. It is concluded that the influence of energy taxation on energy consumption is dependent on market conditions for individual energy products. This thesis is elaborated. (AB)

  13. Distributional consequences of environmental taxes; Fordelingsvirkninger af energi- og miljoeafgifter

    Energy Technology Data Exchange (ETDEWEB)

    Klinge Jacobsen, H.; Birr-Pedersen, K.; Wier, M.

    2001-11-01

    Environmental taxes imposed on households have been introduced in many countries. However, few countries have reached the level of environmental taxation that is seen in Denmark today, although many are considering shifting the tax burden towards the consumption that is harming the environment. The total tax burden imposed on households in Denmark in the form of taxes on energy use of all kinds, water consumption and waste production, etc., is considerable. This paper analyses the individual taxes as well as the combination of all these taxes and duties related to environmental concerns, including taxes on heating, transport fuels, electricity, water, waste, plastic bags, registration of cars, annual car use, pesticides, etc. The distributional effect of taxes is examined in relation to household income, socio-economic class, residential location and family status. The shifting of the tax structure from high marginal income tax to consumption-based taxes, especially environmental taxes, might have distributional impacts amongst income groups which have not been considered part of the tax policy. The taxes are compared with respect to distributional impact. Do the effects of the different taxes vary to such an extent that this should be considered when designing tax policies? The hypothesis is that some environmental taxes associated with luxury income are less regressive than the average environmental tax. The results suggest that in Denmark taxes on petrol and registration duties for cars are progressive, whereas most other environmental taxes are regressive, especially the green taxes on water, retail containers and CO{sup 2}. The distributional impacts are illustrated using household consumption survey data and data covering household expenditures on energy. The energy taxes and the more recently introduced green taxes are compared. The project is combining the direct and the indirect effect of taxes. The direct effect considers the taxes imposed directly on

  14. Bringing health and social policy together: the case of the earned income tax credit.

    Science.gov (United States)

    Arno, Peter S; Sohler, Nancy; Viola, Deborah; Schechter, Clyde

    2009-07-01

    The principal objective of our research is to examine whether the earned income tax credit (EITC), a broad-based income support program that has been shown to increase employment and income among poor working families, also improves their health and access to care. A finding that the EITC has a positive impact on the health of the American public may help guide deliberations about its future at the federal, state, and local levels. The authors contend that a better understanding of the relationship between major socioeconomic policies such as the EITC and the public's health will inform the fields of health and social policy in the pursuit of improving population health.

  15. Carbon and energy taxes in a small and open country

    Directory of Open Access Journals (Sweden)

    S. Solaymani

    2017-12-01

    Full Text Available Malaysia, as a small and developing country, must reduce carbon emissions because the country is one of the top CO2-emitting countries in the ASEAN region. Therefore, the current study implements two environmental tax policies; carbon and energy taxes, in order to examine the impacts of these policies on the reduction of carbon emission in the whole of the economy by applying a computable general equilibrium model. Since the whole of the government revenue from these tax policies is transferred to all household and labor types through two schemes, a lump sum tax, and a labor tax, respectively, it is assumed that there is revenue neutrality in the model for the government. The findings from simulated scenarios indicate that the carbon tax policy is the more efficient policy for reducing CO2 emission, in both transferring schemes, while its impact on macroeconomic variables is almost lower than the equivalent energy tax. The carbon tax is more effective than the energy tax for Malaysia to achieve 40% carbon reduction target in comparison with its 2005 level. The carbon tax, compared to the energy tax, also leads to more decrease in consumption of fossil fuels. The carbon tax policy, in comparison with the energy tax, due to revenue recycling causes much more increase in the welfare of rural and urban households in Malaysia, especially the welfare of rural (lower income households.

  16. Russian energy prices, taxes and costs 1993

    International Nuclear Information System (INIS)

    1994-01-01

    The Russian energy industry may be the country's most promising exporter, but it is struggling to free itself from the heavy regulation and economic distortions inherited from the Soviet era. This analysis examines Russian price and tax policies as well as production costs in 1993, and their effect on supply and demand in the oil, coal, gas and electricity sectors. The study underscores the broad consensus among both Western and Russian experts that primary energy prices should be lifted to world levels. It offers a framework for addressing the great question about how fast this should be done in a country undergoing a tremendous social and political transformation

  17. 26 CFR 20.2102-1 - Estates of nonresidents not citizens; credits against tax.

    Science.gov (United States)

    2010-04-01

    ... taxes in any State. State Z's inheritance tax actually paid with respect to the real property in State Z... subject to death taxes in any State. States X and Y both imposed inheritance taxes. State X has, in addition to its inheritance tax, an estate tax equal to the amount by which the maximum State death tax...

  18. Financing renewable energies through MicroCredit

    International Nuclear Information System (INIS)

    Wimmer, N.

    1999-01-01

    The environment, which led to the creation of the Grameen Bank was: no access to credit for the poor in rural Bangladesh. The environment, which led to the creation of Grameen Shakti was: no access to electricity and renewable energies. Through the experience of Grameen, we see the poor differently: they are good business partners, open to modern technology, they can and must be integrated into the economy. Microcredit not only creates purchasing. Power, but acceptance of new ideas and technologies. Microcredit is a catalyst for change. Our challenge is to create an environment which allows change to take place. To create an environment which finances sustainable development. Sustainable development is everybody's business. (orig./RHM)

  19. Cumulative receipt of an anti-poverty tax credit for families did not impact tobacco smoking among parents.

    Science.gov (United States)

    Pega, Frank; Gilsanz, Paola; Kawachi, Ichiro; Wilson, Nick; Blakely, Tony

    2017-04-01

    The effect of anti-poverty tax credit interventions on tobacco consumption is unclear. Previous studies have estimated short-term effects, did not isolate the effects of cumulative dose of tax credits, produced conflicting results, and used methods with limited control for some time-varying confounders (e.g., those affected by prior treatment) and treatment regimen (i.e., study participants' tax credit receipt pattern over time). We estimated the longer-term, cumulative effect of New Zealand's Family Tax Credit (FTC) on tobacco consumption, using a natural experiment (administrative errors leading to exogenous variation in FTC receipt) and methods specifically for controlling confounding, reverse causation, and treatment regimen. We extracted seven waves (2002-2009) of the nationally representative Survey of Family, Income and Employment including 4404 working-age (18-65 years) parents in families. The exposure was the total numbers of years of receiving FTC. The outcomes were regular smoking and the average daily number of cigarettes usually smoked at wave 7. We estimated average treatment effects using inverse probability of treatment weighting and marginal structural modelling. Each additional year of receiving FTC affected neither the odds of regular tobacco smoking among all parents (odds ratio 1.02, 95% confidence interval 0.94-1.11), nor the number of cigarettes smoked among parents who smoked regularly (rate ratio 1.01, 95% confidence interval 0.99-1.03). We found no evidence for an association between the cumulative number of years of receiving an anti-poverty tax credit and tobacco smoking or consumption among parents. The assumptions of marginal structural modelling are quite demanding, and we therefore cannot rule out residual confounding. Nonetheless, our results suggest that tax credit programme participation will not increase tobacco consumption among poor parents, at least in this high-income country. Copyright © 2017 Elsevier Ltd. All rights

  20. State Clean Energy Policies Analysis (SCEPA): State Tax Incentives

    Energy Technology Data Exchange (ETDEWEB)

    Lantz, E.; Doris, E.

    2009-10-01

    As a policy tool, state tax incentives can be structured to help states meet clean energy goals. Policymakers often use state tax incentives in concert with state and federal policies to support renewable energy deployment or reduce market barriers. This analysis used case studies of four states to assess the contributions of state tax incentives to the development of renewable energy markets. State tax incentives that are appropriately paired with complementary state and federal policies generally provide viable mechanisms to support renewable energy deployment. However, challenges to successful implementation of state tax incentives include serving project owners with limited state tax liability, assessing appropriate incentive levels, and differentiating levels of incentives for technologies with different costs. Additionally, state tax incentives may result in moderately higher federal tax burdens. These challenges notwithstanding, state tax incentives that consider certain policy design characteristics can support renewable energy markets and state clean energy goals.The scale of their impact though is directly related to the degree to which they support the renewable energy markets for targeted sectors and technologies. This report highlights important policy design considerations for policymakers using state tax incentives to meet clean energy goals.

  1. Minimum Value of Eligible Employer-Sponsored Plans and Other Rules Regarding the Health Insurance Premium Tax Credit. Final regulations.

    Science.gov (United States)

    2015-12-18

    This document contains final regulations on the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the Medicare and Medicaid Extenders Act of 2010, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011, and the Department of Defense and Full-Year Continuing Appropriations Act, 2011. These final regulations affect individuals who enroll in qualified health plans through Affordable Insurance Exchanges (Exchanges, sometimes called Marketplaces) and claim the health insurance premium tax credit, and Exchanges that make qualified health plans available to individuals and employers.

  2. Levy-free part in energy tax is not wanted

    International Nuclear Information System (INIS)

    Gilijamse, W.

    1995-01-01

    The Dutch government proposed to implement an energy levy for small-scale consumers in 1996. The yields will be reimbursed by means of a reduction of the tax burden. By applying a levy-free tax allowance the tax reduction can be limited. However, it appears that this allowance does not work: it reduces the energy saving impact of the energy levy, because it does not stimulate investments in energy saving housing construction and energy saving heat supply. It also interferes with a just compensation of income. It is recommended to cancel the levy-free tax allowance and to realize compensation by raising the tax free allowance in the income tax. 2 figs., 1 tab., 6 refs

  3. The Fiscal Impact of a Corporate & Individual Tax Credit Scholarship Program on the State of Indiana. School Choice Issues in the State

    Science.gov (United States)

    Stuit, David

    2009-01-01

    Indiana legislators are currently debating the merits of a proposal to adopt a statewide tuition scholarship tax credit program. The proposed program would make available $5 million in tax credits that businesses and individuals could claim by making donations to non-profit Scholarship Granting Organizations (SGOs). SGO donations would be matched…

  4. Energy Tax versus Carbon Tax. A quantitative macro economical analysis with the HERMES/MIDAS models

    International Nuclear Information System (INIS)

    Karadeloglou, P.

    1992-01-01

    The idea of imposing a tax has been recently put forward as a policy-instrument to induce substitutions aiming at reducing CO[sub 2] overall emissions. One can distinguish two options: recycle tax revenues for energy system restructuring (supply or demand restructuring); or use the corresponding revenues in order to reduce the negative impacts caused on the economic activity by the introduction of the tax. Several papers dealing with only the macroeconomic aspects of the environmental problems have been written. These papers neglect more or less the energy sphere and consider that the energy feedback effects are very small. Macroeconomic impacts of the carbon tax have been examined for the United Kingdom and for the four big European countries elsewhere. In this paper a synthesis of both the energy and the macroeconomic approaches is realized. The approach adopted is global and tries to evaluate the impacts on both the economic and energy system. The main question examined is the effectiveness and impacts of fiscal policy on CO[sub 2] emission and the effects of the adoption of an accommodating policy. Thus, not only the effects of imposing an energy or carbon tax are examined, but also the effects of introducing accommodating measures are studied. The analysis is effected by using the HERMES-MIDAS linked system of models and is limited in analyzing the effects of carbon and energy taxes and the reduction of direct taxes and is effected for four countries namely France, Federal Republic of Germany, Italy and the United Kingdom. In section 2 policy scenarios are described while in sections three and four the results of the policy simulations are presented. In section five we compare the differences of two taxes (energy tax and carbon tax) and in section six the reduction of direct taxation as an accommodating measure is examined. 27 tabs., 10 refs

  5. Energy Tax versus Carbon Tax. A quantitative macro economical analysis with the HERMES/MIDAS models

    Energy Technology Data Exchange (ETDEWEB)

    Karadeloglou, P. [National Technical University of Athens (Greece)

    1992-03-01

    The idea of imposing a tax has been recently put forward as a policy-instrument to induce substitutions aiming at reducing CO{sub 2} overall emissions. One can distinguish two options: recycle tax revenues for energy system restructuring (supply or demand restructuring); or use the corresponding revenues in order to reduce the negative impacts caused on the economic activity by the introduction of the tax. Several papers dealing with only the macroeconomic aspects of the environmental problems have been written. These papers neglect more or less the energy sphere and consider that the energy feedback effects are very small. Macroeconomic impacts of the carbon tax have been examined for the United Kingdom and for the four big European countries elsewhere. In this paper a synthesis of both the energy and the macroeconomic approaches is realized. The approach adopted is global and tries to evaluate the impacts on both the economic and energy system. The main question examined is the effectiveness and impacts of fiscal policy on CO{sub 2} emission and the effects of the adoption of an accommodating policy. Thus, not only the effects of imposing an energy or carbon tax are examined, but also the effects of introducing accommodating measures are studied. The analysis is effected by using the HERMES-MIDAS linked system of models and is limited in analyzing the effects of carbon and energy taxes and the reduction of direct taxes and is effected for four countries namely France, Federal Republic of Germany, Italy and the United Kingdom. In section 2 policy scenarios are described while in sections three and four the results of the policy simulations are presented. In section five we compare the differences of two taxes (energy tax and carbon tax) and in section six the reduction of direct taxation as an accommodating measure is examined. 27 tabs., 10 refs.

  6. The Use of Refundable Tax Credits to Increase Low-Income Children's After-School Physical Activity Level.

    Science.gov (United States)

    Dunton, Genevieve; Ebin, Vicki J; Efrat, Merav W; Efrat, Rafael; Lane, Christianne J; Plunkett, Scott

    2015-06-01

    The current study investigates the extent to which a refundable tax credit could be used to increase low-income children's after-school physical activity levels. An experimental study was conducted evaluating the effectiveness of an intervention offering a simulated refundable tax credit to parents of elementary-school-age children (n = 130) for enrollment in after-school physical activity programs. A randomized controlled design was used, with data collected at baseline, immediately following the 4-month intervention (postintervention), and 6 weeks after the end of the intervention (follow-up). Evaluation measures included (1) enrollment rate, time spent, weekly participation frequency, duration of enrollment, and long-term enrollment patterns in after-school physical activity programs and (2) moderate to vigorous physical activity. The simulated tax credits did not significantly influence low-income children's rates of enrollment in after-school physical activity programs, frequency of participation, time spent in after-school physical activity programs, and overall moderate-to-vigorous intensity physical activity at postintervention or follow-up. The use of refundable tax credits as incentives to increase participation in after-school physical activity programs in low-income families may have limited effectiveness. Lawmakers might consider other methods of fiscal policy to promote physical activity such as direct payment to after-school physical activity program providers for enrolling and serving a low-income child in a qualified program, or improvements to programming and infrastructure.

  7. 26 CFR 48.6416(c)-1 - Credit for tax paid on tires or, prior to January 1, 1984, inner tubes.

    Science.gov (United States)

    2010-04-01

    ...(a) on the sale (before April 1, 1983) of the automobile truck. If the tires or inner tubes sold on... allowable against the tax imposed on the sale of the automobile truck. (c) Tires or tubes manufactured by... credit against tax on sale of taxable article. If tax has been paid under section 4071 on the sale, or...

  8. Energy taxes in the Netherlands. What are the dividends?

    International Nuclear Information System (INIS)

    Komen, M.H.C.; Peerlings, J.H.M.

    1999-01-01

    In this paper the environmental and economic effects of the introduction of a unilateral energy tax in the Netherlands are analysed using an applied general equilibrium (AGE) model. The effects of a small user energy tax and a general energy tax are compared, while taking into account different tax recycling mechanisms. The model contains a great level of detail with respect to emissions and environmental indicators (greenhouse effect, acidification, eutrophication and waste), which is helpful for assessing environmental quality. The results show that the introduction of a small environmental tax reform not only improves the environment but also raises non-environmental welfare, which is due to an improvement of the efficiency of the tax structure. 24 refs

  9. Taxing energy to improve the environment. Efficiency and distributional effects

    International Nuclear Information System (INIS)

    Heijdra, B.J.; Van der Horst, A.

    1998-02-01

    The effects of environmental tax policy in a dynamic overlapping-generations model of a small open economy with environmental quality incorporated as a durable consumption good have been studied. Raising the energy tax may deliver an efficiency gain if agents care enough about the environment. The benefits are unevenly distributed across generations since capital ownership, and the capital loss induced by a tax increase, rises with age. A suitable egalitarian bond policy can be employed in order to ensure everybody gains to the same extent. With this additional instrument the optimal energy tax can be computed. The authors further considered a tax reform that simultaneously lowers labour taxation and raises the energy tax. This policy delivers qualitatively similar consequences as the first scenario, though all changes are less pronounced. A double dividend may appear soon after the reform but vanishes in the course of the transition. 22 refs

  10. Effect of the Earned Income Tax Credit on Hospital Admissions for Pediatric Abusive Head Trauma, 1995-2013.

    Science.gov (United States)

    Klevens, Joanne; Schmidt, Brian; Luo, Feijun; Xu, Likang; Ports, Katie A; Lee, Rosalyn D

    Policies that increase household income, such as the earned income tax credit (EITC), have shown reductions on risk factors for child maltreatment (ie, poverty, maternal stress, depression), but evidence is lacking on whether the EITC actually reduces child maltreatment. We examined whether states' EITCs are associated with state rates of hospital admissions for abusive head trauma among children aged tax filer gets money even if taxes are not owed) from nonrefundable EITCs (ie, tax filer gets credit only for any tax owed), controlling for state rates of child poverty, unemployment, high school graduation, and percentage of non-Latino white people. A refundable EITC was associated with a decrease of 3.1 abusive head trauma admissions per 100 000 population in children aged Tax refunds ranged from $108 to $1014 and $165 to $1648 for a single parent working full-time at minimum wage with 1 child or 2 children, respectively. Our findings with others suggest that policies such as the EITC that increase household income may prevent serious abusive head trauma.

  11. Analysis of the effects of section 29 tax credits on reserve additions and production of gas from unconventional resources

    Energy Technology Data Exchange (ETDEWEB)

    1990-09-01

    Federal tax credits for production of natural gas from unconventional resources can stimulate drilling and reserves additions at a relatively low cost to the Treasury. This report presents the results of an analysis of the effects of a proposed extension of the Section 29 alternative fuels production credit specifically for unconventional gas. ICF Resources estimated the net effect of the extension of the credit (the difference between development activity expected with the extension of the credit and that expected if the credit expires in December 1990 as scheduled). The analysis addressed the effect of tax credits on project economics and capital formation, drilling and reserve additions, production, impact on the US and regional economies, and the net public sector costs and incremental revenues. The analysis was based on explicit modeling of the three dominant unconventional gas resources: Tight sands, coalbed methane, and Devonian shales. It incorporated the most current data on resource size, typical well recoveries and economics, and anticipated activity of the major producers. Each resource was further disaggregated for analysis based on distinct resource characteristics, development practices, regional economics, and historical development patterns.

  12. Analysis of the effects of section 29 tax credits on reserve additions and production of gas from unconventional resources

    International Nuclear Information System (INIS)

    1990-09-01

    Federal tax credits for production of natural gas from unconventional resources can stimulate drilling and reserves additions at a relatively low cost to the Treasury. This report presents the results of an analysis of the effects of a proposed extension of the Section 29 alternative fuels production credit specifically for unconventional gas. ICF Resources estimated the net effect of the extension of the credit (the difference between development activity expected with the extension of the credit and that expected if the credit expires in December 1990 as scheduled). The analysis addressed the effect of tax credits on project economics and capital formation, drilling and reserve additions, production, impact on the US and regional economies, and the net public sector costs and incremental revenues. The analysis was based on explicit modeling of the three dominant unconventional gas resources: Tight sands, coalbed methane, and Devonian shales. It incorporated the most current data on resource size, typical well recoveries and economics, and anticipated activity of the major producers. Each resource was further disaggregated for analysis based on distinct resource characteristics, development practices, regional economics, and historical development patterns

  13. Carbon and energy taxes in a small and open country

    OpenAIRE

    S. Solaymani

    2017-01-01

    Malaysia, as a small and developing country, must reduce carbon emissions because the country is one of the top CO2-emitting countries in the ASEAN region. Therefore, the current study implements two environmental tax policies; carbon and energy taxes, in order to examine the impacts of these policies on the reduction of carbon emission in the whole of the economy by applying a computable general equilibrium model. Since the whole of the government revenue from these tax policies is transferr...

  14. Experience gained with energy taxes in Europe - Lessons for Switzerland

    International Nuclear Information System (INIS)

    Peter, M.; Lueckge, H.; Iten, R.; Trageser, J.; Goerlach, B.; Blobel, D.; Kraemer, A.

    2007-12-01

    This comprehensive final report for the Swiss Federal Office of Energy (SFOE) takes a look at experience gained with energy taxes in Europe and the lessons that can be learned for Switzerland. The variety of energy and CO 2 taxes that have been introduced in Europe since the early 1990s is reviewed. These are intended to reduce energy consumption and CO 2 emissions and complement conventional mineral oil taxes. Some of these non-fiscal energy and CO 2 taxes that have been created within the scope of the EU directive on energy taxation are examined and commented on, as is their impact on energy consumption. The situation in EU member states is described and commented on. Success-factors and general conditions are examined and conclusions that can be drawn for Switzerland are examined.

  15. Energy taxes and subsidies downstream: transparency and dissemination

    International Nuclear Information System (INIS)

    Aissaour, A.

    2001-01-01

    The reasons why governments levy taxes are discussed with special reference to the energy sector. The article focuses on the quantitative aspect of policies and gives a guide to the relevant statistical sources. It summarises the basis of taxes and subsidies and discusses the incidence of energy taxation together with the structure of taxes and subsidies in energy downstream. It reviews the main sources of data and issues highlighted by published statistics and the impact of taxes levied on the consumption of energy products and other taxes (e.g. VAT) which directly affect end-user prices. Production-based levies such as royalties, petroleum revenue taxes, windfall taxes and import and export taxes on fuels are not discussed. The paper is presented under the sub-headings of (i) theoretical foundations in a nutshell; (ii) the incidence of taxation; (iii) the structure and main features of energy taxation (iv) base rate and level of taxation (v) sources of data and methods and (vi) observability and comparability

  16. 26 CFR 20.2015-1 - Credit for death taxes on remainders.

    Science.gov (United States)

    2010-04-01

    ... in section 2011, inheritance tax in the amount of $9,000 was paid to State X in connection with the... tax, inheritance tax in the amount of $5,000 was paid to State Y in connection with the remainder... be reached only if the inheritance tax had been paid to State Y before the expiration of 60 days...

  17. 26 CFR 20.2011-1 - Credit for State death taxes.

    Science.gov (United States)

    2010-04-01

    ... Federal estate tax for estate, inheritance, legacy or succession taxes actually paid to any State... 1, 1955, leaving a taxable estate of $150,000. On January 1, 1956, inheritance taxes totaling $2,500... $150,000 is $1,440, even though $2,500 in inheritance taxes was actually paid to the State. (ii) If, in...

  18. Productivity effects of technology diffusion induced by an energy tax

    International Nuclear Information System (INIS)

    Walz, R.

    1999-01-01

    In the political discussion, the economy-wide effects of an energy tax have gained considerable attention. So far, macroeconomic analyses have focused on either (positive or negative) costs triggered by an energy tax, or on the efficiency gains resulting from new energy taxes combined with lower distortionary taxes. By contrast, the innovative effects of climate protection measures have not yet been thoroughly analysed. This paper explores the productivity effects of a 50 per cent energy tax in the German industry sector employing a technology-based, three-step bottom-up approach. In the first step, the extensive IKARUS database is used to identify the technological adjustments arising from an energy tax. In the second step, the technologies are classified into different clusters. In the third step, the productivity effects generated by the technological adjustments are examined. The results imply that an energy tax induces mainly sector-specific and process-integrated technologies rather than add-on and cross-cutting technologies. Further, it is shown that the energy-saving technologies tend to increase productivity. This is particularly the case for process-integrated, sector specific technologies. (author)

  19. Canadian tax policy and renewable energy : are the benefits illusory : a comparison of Canadian and US approaches

    International Nuclear Information System (INIS)

    Chant, A.

    2008-01-01

    Tax policies for targeted activities such as wind energy need to be efficient and effective in promoting activities that may not otherwise take place. An efficient tax policy will not have unintended consequences that may lead to tax leakage or benefits outside the targeted activity, and will be consistent with other incentives promoting the target activity. This presentation discussed Canadian tax policies related to wind power and then compared them to tax policies in the United States directed at promoting wind energy development. Benefits and subsidies available to Canadian wind energy producers include the ecoEnergy program, the Canadian Renewable and Conservation Expense (CRCE) program; and Class 43.2 directed at high efficiency and renewable energy generation equipment. The Canadian valuation methodology considers capacity factors; capital costs; leverage; interest rates; corporate tax rates; and required equity. While the ecoEnergy program is valuable as it removes the tax risk for the recipient, the CRCE may be more valuable as it does not expire and is not subject to limitations on amounts deductible. Class 43.2 is valuable but constrained by the limitations of a project's income. The United States has a production tax credit (PTC) for wind developers based on a tax credit of $15 per MWh subject to adjustment, and is available for a 10-year period, is transferable to taxable investors, and has a current value of $20. It was concluded that while Canadian subsidies are the equivalent of $7.15, US subsidies are the equivalent of $17. tabs., figs

  20. Lessons from the polder. Energy tax design in The Netherlands from a climate change perspective

    International Nuclear Information System (INIS)

    Vollebergh, Herman R.J.

    2008-01-01

    This paper evaluates energy tax reform in The Netherlands between 1988 and 2002 from a climate change perspective. In particular, the introduction of two (indirect) taxes on energy products is now responsible for a considerable amount of tax revenue from a green tax base. The paper discusses the energy tax base and rate structure from a modern Pigovian tax perspective and illustrates the practical difficulties involved in the indirect and non-uniform taxation of emissions. Also further improvements of the energy tax structure are discussed, such as a better targeting of the energy tax base and tax rate to fuel characteristics. (author)

  1. Energy policies in the European Union. Germany's ecological tax reform

    International Nuclear Information System (INIS)

    Welfens, P.J.J.; Jungmittag, A.; Meyer, B.; Jasinski, P.

    2001-01-01

    The chapters discuss the following aspects: 1. Energy policy as a strategic element of economic policy in dynamic open economies. 2. Phasing out nuclear energy and core elements of sustainable energy strategy. 3. Ecological tax reform: Theory, modified double dividend and international aspects. 4. The policy framework in Europe and Germany. 5. Optimal ecological tax reform: Options and recommendations for an EU-action plan. 6. Conclusions. (orig./CB)

  2. Improving population health by reducing poverty: New York's Earned Income Tax Credit.

    Science.gov (United States)

    Wicks-Lim, Jeannette; Arno, Peter S

    2017-12-01

    Despite the established relationship between adverse health outcomes and low socioeconomic status, researchers rarely test the link between health improvements and poverty-alleviating economic policies. New research, however, links individual-level health improvements to the Earned Income Tax Credit (EITC), a broad-based income support policy. We build on these findings by examining whether the EITC has ecological, neighborhood-level health effects. We use a difference-in-difference analysis to measure child health outcomes in 90 low- and middle- income neighborhoods before and after the expansion of New York State and New York City's EITC policy between 1997-2010. Our study takes advantage of the relatively exogenous source of income variation supplied by the EITC-legislative changes to EITC policy parameters. This feature minimizes the endogeneity problem in studying the relationship between income and health. Our estimates link a 15-percentage-point increase in EITC benefit rates to a 0.45 percentage-point reduction in the low birthweight rate. We do not observe any measurable link between EITC benefits and prenatal health or asthma-related pediatric hospitalization. The magnitude of the EITC's impact on low birthweight rates suggests ecological effects, and an additional channel through which anti-poverty measures can serve as public health interventions.

  3. Poverty and Child Development: A Longitudinal Study of the Impact of the Earned Income Tax Credit

    Science.gov (United States)

    Hamad, Rita; Rehkopf, David H.

    2016-01-01

    Although adverse socioeconomic conditions are correlated with worse child health and development, the effects of poverty-alleviation policies are less understood. We examined the associations of the Earned Income Tax Credit (EITC) on child development and used an instrumental variable approach to estimate the potential impacts of income. We used data from the US National Longitudinal Survey of Youth (n = 8,186) during 1986–2000 to examine effects on the Behavioral Problems Index (BPI) and Home Observation Measurement of the Environment inventory (HOME) scores. We conducted 2 analyses. In the first, we used multivariate linear regressions with child-level fixed effects to examine the association of EITC payment size with BPI and HOME scores; in the second, we used EITC payment size as an instrument to estimate the associations of income with BPI and HOME scores. In linear regression models, higher EITC payments were associated with improved short-term BPI scores (per $1,000, β = −0.57; P = 0.04). In instrumental variable analyses, higher income was associated with improved short-term BPI scores (per $1,000, β = −0.47; P = 0.01) and medium-term HOME scores (per $1,000, β = 0.64; P = 0.02). Our results suggest that both EITC benefits and higher income are associated with modest but meaningful improvements in child development. These findings provide valuable information for health researchers and policymakers for improving child health and development. PMID:27056961

  4. Poverty, Pregnancy, and Birth Outcomes: A Study of the Earned Income Tax Credit.

    Science.gov (United States)

    Hamad, Rita; Rehkopf, David H

    2015-09-01

    Economic interventions are increasingly recognised as a mechanism to address perinatal health outcomes among disadvantaged groups. In the US, the earned income tax credit (EITC) is the largest poverty alleviation programme. Little is known about its effects on perinatal health among recipients and their children. We exploit quasi-random variation in the size of EITC payments to examine the effects of income on perinatal health. The study sample includes women surveyed in the 1979 National Longitudinal Survey of Youth (n = 2985) and their children born during 1986-2000 (n = 4683). Outcome variables include utilisation of prenatal and postnatal care, use of alcohol and tobacco during pregnancy, term birth, birthweight, and breast-feeding status. We first examine the health effects of both household income and EITC payment size using multivariable linear regressions. We then employ instrumental variables analysis to estimate the causal effect of income on perinatal health, using EITC payment size as an instrument for household income. We find that EITC payment size is associated with better levels of several indicators of perinatal health. Instrumental variables analysis, however, does not reveal a causal association between household income and these health measures. Our findings suggest that associations between income and perinatal health may be confounded by unobserved characteristics, but that EITC income improves perinatal health. Future studies should continue to explore the impacts of economic interventions on perinatal health outcomes, and investigate how different forms of income transfers may have different impacts. © 2015 John Wiley & Sons Ltd.

  5. In-work tax credits for families and their impact on health status in adults.

    Science.gov (United States)

    Pega, Frank; Carter, Kristie; Blakely, Tony; Lucas, Patricia J

    2013-08-06

    By improving two social determinants of health (poverty and unemployment) in low- and middle-income families on or at risk of welfare, in-work tax credit for families (IWTC) interventions could impact health status and outcomes in adults. To assess the effects of IWTCs on health outcomes in working-age adults (18 to 64 years). We searched 16 electronic academic databases, including the Cochrane Public Health Group Specialised Register, Cochrane Database of Systematic Reviews (The Cochrane Library 2012, Issue 7), MEDLINE and EMBASE, as well as six grey literature databases between July and September 2012 for records published between January 1980 and July 2012. We also searched key organisational websites, handsearched reference lists of included records and relevant journals, and contacted academic experts. We included randomised and quasi-randomised controlled trials and cohort, controlled before-and-after (CBA) and interrupted time series (ITS) studies of IWTCs in working-age adults. Included primary outcomes were: self rated general health; mental health/psychological distress; mental illness; overweight/obesity; alcohol use and tobacco use. Two review authors independently extracted data and assessed the risk of bias in included studies. We contacted study authors to obtain missing information. Five studies (one CBA and four ITS) comprising a total of 5,677,383 participants (all women) fulfilled the inclusion criteria and were synthesised narratively. The in-work tax credit intervention assessed in all included studies is the permanent Earned Income Tax Credit in the United States, established in 1975. This intervention distributed nearly USD 62 billion to over 27 million individuals in 2011, and its administration costs were less than one per cent of its total costs. All included studies carried a high risk of bias (especially from confounding and insufficient control for underlying time trends). Due to the small number of (observational) studies and their

  6. The Theory of Planned Behavior and the Earned Income Tax Credit

    Directory of Open Access Journals (Sweden)

    Lloyd Zimmerman

    2015-07-01

    Full Text Available The Earned Income Tax Credit (EITC seeks to reduce poverty and provide the resources necessary for an individual to become self-sufficient. The EITC achieves this annually by lifting millions of households above the poverty level through income supplementation. However, recent evidence suggests that the long-term upward economic mobility provided by the EITC in practice is limited. To investigate the factors associated with achieving this financial independence, this study utilized the Theory of Planned Behavior to determine if (a attitudes—as measured by time preference and self-esteem, (b subjective norms—as measured by education, parents’ poverty level or work status, and religiosity, and/or (c perceived behavioral control—as measured by self-efficacy (perceived effectiveness in accomplishing tasks were significant in moving beyond qualification standards of the EITC. Using data from the National Longitudinal Survey of Youth (NLSY79, the EITC utilization pattern of a sample of 178 individuals was investigated. Results reaffirmed the economic advantages of marriage, suggesting that, by protecting and support healthy marriages, financial therapists can actively contribute to improved financial outcomes. Results also indicated that individuals with a high degree of mastery (feeling in control were more likely to experience economic improvement, as measured through movement above EITC qualification standards. This suggests that financial therapists should work to facilitate growth in personal mastery as a part of helping clients reach their financial goals.

  7. Cost Effectiveness of the Earned Income Tax Credit as a Health Policy Investment.

    Science.gov (United States)

    Muennig, Peter A; Mohit, Babak; Wu, Jinjing; Jia, Haomiao; Rosen, Zohn

    2016-12-01

    Lower-income Americans are suffering from declines in income, health, and longevity over time. Income and employment policies have been proposed as a potential non-medical solution to this problem. An interrupted time series analysis of state-level incremental supplements to the Earned Income Tax Credit (EITC) program was performed using data from 1993 to 2010 Behavioral Risk Factor Surveillance System surveys and state-level life expectancy. The cost effectiveness of state EITC supplements was estimated using a microsimulation model, which was run in 2015. Supplemental EITC programs increased health-related quality of life and longevity among the poor. The program costs about $7,786/quality-adjusted life-year gained (95% CI=$4,100, $13,400) for the average recipient. This ratio increases with larger family sizes, costing roughly $14,261 (95% CI=$8,735, $19,716) for a family of three. State supplements to EITC appear to be highly cost effective, but randomized trials are needed to confirm these findings. Copyright © 2016 American Journal of Preventive Medicine. Published by Elsevier Inc. All rights reserved.

  8. Income and Child Maltreatment in Unmarried Families: Evidence from the Earned Income Tax Credit.

    Science.gov (United States)

    Berger, Lawrence M; Font, Sarah A; Slack, Kristen S; Waldfogel, Jane

    2017-12-01

    This study estimates the associations of income with both (self-reported) child protective services (CPS) involvement and parenting behaviors that proxy for child abuse and neglect risk among unmarried families. Our primary strategy follows the instrumental variables (IV) approach employed by Dahl and Lochner (2012), which leverages variation between states and over time in the generosity of the total state and federal Earned Income Tax Credit for which a family is eligible to identify exogenous variation in family income. As a robustness check, we also estimate standard OLS regressions (linear probability models), reduced form OLS regressions, and OLS regressions with the inclusion of a control function (each with and without family-specific fixed effects). Our micro-level data are drawn from the Fragile Families and Child Wellbeing Study, a longitudinal birth-cohort of relatively disadvantaged urban children who have been followed from birth to age nine. Results suggest that an exogenous increase in income is associated with reductions in behaviorally-approximated child neglect and CPS involvement, particularly among low-income single-mother families.

  9. Does the earned income tax credit increase children's weight? The impact of policy-driven income on childhood obesity.

    Science.gov (United States)

    Jo, Young

    2018-04-17

    I exploit substantial increases in the earned income tax credit to study how a policy-driven change in family income affects childhood obesity. Using the National Longitudinal Survey of Youth 1979, my difference-in-differences estimates indicate that the probability of being obese increased by 3 percentage points among children whose families experienced a greater income shock. A further investigation suggests that a reduction in maternal time with children played a greater role in children's weight gain than income. The paper's finding shows that a program that is not designed for health purposes, such as earned income tax credit, can have unintended effects on health outcomes. Published 2018. This article is a U.S. Government work and is in the public domain in the USA.

  10. Energy taxes and industrial competitiveness: the case of Italian carbon tax

    International Nuclear Information System (INIS)

    Bardazzi, Rossella; Pazienza, Maria Grazia

    2005-01-01

    An international debate on which economic instrument should be used to reduce pollutant emissions has begun since the nineties when the awareness of climatic risks aroused and first attempts to introduce a European carbon tax were made. Although this project failed, several national programmes of carbon/energy taxes have been developed with a common concern for industrial competitiveness of energy and/or carbon-intensive firms. Therefore, double dividend schemes have been applied to reduce existing distorsive taxes while introducing a higher burden on energy products. This paper reviews the most important European case studies and analyses the effects of the introduction of a carbon tax in Italy on energy expenditure and economic profitability of Italian manufacturing enterprises. This tax has been introduced in 1998 and should have progressively increased up to the final tax rates in 2005. However, this process halted in the year 2000 - as the world energy prices increased - and the ultimate rates have never been applied. Nonetheless, our analysis offers relevant insights both because energy excises are a major instrument in environmental policy and because industrial activities affected by energy taxes will also be affected by the tradable permits scheme recently adopted by the European Union. The study is performed with a micro simulation model to simulate changes, in energy excises and the associated reduction of social contributions to achieve the double dividends. Existing empirical analyses have usually been carried out at aggregate or sectoral level, but the effects on costs both of carbon tax and of compensative measures differ at the firm level, thus it is significant to study the impact on economic profitability on individual units of analysis. The data show that energy expenditure as a component of intermediate costs varies by economic activity as well as the energy mix used in the production process, thus suggesting possible competitiveness problems

  11. Searching for approval. Tax-exempt hospitals, systems may find some relief through FHLB letters of credit in last week's housing aid bill.

    Science.gov (United States)

    Evans, Melanie

    2008-08-04

    The bill to aid homeowners that Congress passed last week also offered a gift for tax-exempt healthcare borrowers. The law allows the Federal Home Loan Banks to back tax-exempt bonds with letters of credit, thus letting borrowers benefit from those banks' credit strength. But don't expect the floodgates to open. "Banks are preserving their capital for less risky endeavors," says Kelly Arduino, left, of Wipfli.

  12. Energy demand and environmental taxes: the case of Greece

    International Nuclear Information System (INIS)

    Rapanos, Vassilis T.; Polemis, Michael L.

    2005-01-01

    The purpose of this paper is to analyze the effects that energy taxes may have on reducing environmental pollution in Greece. We study the demand for residential energy for the period 1965-1998, and on the basis of these estimates we make forecasts for CO 2 emissions in the coming years. Furthermore we develop alternative scenarios for tax changes, and study their effects on CO 2 emissions. According to our findings the harmonization of the Greek energy taxes to the average European Union levels implies an increase of total CO 2 emissions by 6% annually. If taxes are raised, however, to the highest European Union levels, the CO 2 emissions are restricted significantly. These empirical findings may indicate that environmental taxation cannot be the unique instrument for combating pollution

  13. Energy demand and environmental taxes: the case of Greece

    International Nuclear Information System (INIS)

    Rapanos, V.T.; Polemis, M.L.

    2005-01-01

    The purpose of this paper is to analyze the effects that energy taxes may have on reducing environmental pollution in Greece. We study the demand for residential energy for the period 1965-1998, and on the basis of these estimates we make forecasts for CO 2 emissions in the coming years. Furthermore we develop alternative scenarios for tax changes, and study their effects on CO 2 emissions. According to our findings the harmonization of the Greek energy taxes to the average European Union levels implies an increase of total CO 2 emissions by 6% annually. If taxes are raised, however, to the highest European Union levels, the CO 2 emissions are restricted significantly. These empirical findings may indicate that environmental taxation cannot be the unique instrument for combating pollution. (author)

  14. The short-term impacts of Earned Income Tax Credit disbursement on health.

    Science.gov (United States)

    Rehkopf, David H; Strully, Kate W; Dow, William H

    2014-12-01

    There are conflicting findings regarding long- and short-term effects of income on health. Whereas higher average income is associated with better health, there is evidence that health behaviours worsen in the short-term following income receipt.Prior studies revealing such negative short-term effects of income receipt focus on specific subpopulations and examine a limited set of health outcomes. The United States Earned Income Tax Credit (EITC) is an income supplement tied to work, and is the largest poverty reduction programme in the USA. We utilize the fact that EITC recipients typically receive large cash transfers in the months of February,March and April, in order to examine associated changes in health outcomes that can fluctuate on a monthly basis. We examine associations with 30 outcomes in the categories of diet, food security, health behaviours, cardiovascular biomarkers, metabolic biomarkers and infection and immunity among 6925 individuals from the U.S. National Health and Nutrition Survey. Our research design approximates a natural experiment,since whether individuals were sampled during treatment or non-treatment months is independent of social, demographic and health characteristics that do not vary with time. There are both beneficial and detrimental short-term impacts of income receipt.Although there are detrimental impacts on metabolic factors among women, most other impacts are beneficial, including those for food security, smoking and trying to lose weight. The short-term impacts of EITC income receipt are not universally health promoting, but on balance there are more health benefits than detriments.

  15. Poverty and Child Development: A Longitudinal Study of the Impact of the Earned Income Tax Credit.

    Science.gov (United States)

    Hamad, Rita; Rehkopf, David H

    2016-05-01

    Although adverse socioeconomic conditions are correlated with worse child health and development, the effects of poverty-alleviation policies are less understood. We examined the associations of the Earned Income Tax Credit (EITC) on child development and used an instrumental variable approach to estimate the potential impacts of income. We used data from the US National Longitudinal Survey of Youth (n = 8,186) during 1986-2000 to examine effects on the Behavioral Problems Index (BPI) and Home Observation Measurement of the Environment inventory (HOME) scores. We conducted 2 analyses. In the first, we used multivariate linear regressions with child-level fixed effects to examine the association of EITC payment size with BPI and HOME scores; in the second, we used EITC payment size as an instrument to estimate the associations of income with BPI and HOME scores. In linear regression models, higher EITC payments were associated with improved short-term BPI scores (per $1,000, β = -0.57; P = 0.04). In instrumental variable analyses, higher income was associated with improved short-term BPI scores (per $1,000, β = -0.47; P = 0.01) and medium-term HOME scores (per $1,000, β = 0.64; P = 0.02). Our results suggest that both EITC benefits and higher income are associated with modest but meaningful improvements in child development. These findings provide valuable information for health researchers and policymakers for improving child health and development. © The Author 2016. Published by Oxford University Press on behalf of the Johns Hopkins Bloomberg School of Public Health. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.

  16. The impact of an unconditional tax credit for families on self-rated health in adults: further evidence from the cohort study of 6900 New Zealanders.

    Science.gov (United States)

    Pega, Frank; Carter, Kristie; Kawachi, Ichiro; Davis, Peter; Blakely, Tony

    2014-05-01

    It is hypothesized that unconditional (given without obligation) publicly funded financial credits more effectively improve health than conditional financial credits in high-income countries. We previously reported no discernible short-term impact of an employment-conditional tax credit for families on self-rated health (SRH) in adults in New Zealand. This study estimates the effect of an unconditional tax credit for families, called Family Tax Credit (FTC), on SRH in the same study population and setting. A balanced panel of 6900 adults in families was extracted from seven waves (2002-2009) of the Survey of Family, Income and Employment. The exposures, eligibility for and amount of FTC, were derived by applying government eligibility and entitlement criteria. The outcome, SRH, was collected annually. Fixed effects regression analyses eliminated all time-invariant confounding and adjusted for measured time-varying confounders. Becoming eligible for FTC was associated with a small and statistically insignificant change in SRH over the past year [effect estimate: 0.013; 95% confidence interval (CI) -0.011 to 0.037], as was an increase in the estimated amount of FTC by $1000 (effect estimate: -0.001; 95% CI -0.006 to 0.004). The unconditional tax credit for families had no discernible short-term impact on SRH in adults in New Zealand. It did not more effectively improve health status than an employment-conditional tax credit for families. Copyright © 2014 Elsevier Ltd. All rights reserved.

  17. Free Tax Assistance and the Earned Income Tax Credit: Vital Resources for Social Workers and Low-Income Families

    Science.gov (United States)

    Lim, Younghee; DeJohn, Tara V.; Murray, Drew

    2012-01-01

    As the United States' economy continues to experience challenges, more families at or near the poverty level fall prey to predatory financial practices. Their vulnerability to these operations is increased by a lack of knowledge of asset-building resources and alternative financial services. This article focuses on Volunteer Income Tax Assistance…

  18. Free tax assistance and the earned income tax credit: vital resources for social workers and low-income families.

    Science.gov (United States)

    Lim, Younghee; DeJohn, Tara V; Murray, Drew

    2012-04-01

    As the United States' economy continues to experience challenges, more families at or near the poverty level fall prey to predatory financial practices. Their vulnerability to these operations is increased by a lack of knowledge of asset-building resources and alternative financial services. This article focuses on Volunteer Income Tax Assistance (VITA)--a free income tax preparation program, which is a vital resource available to low-income families. Unfortunately, VITA is largely underused and often unknown to economically strained families and to the social workers and other professionals to whom these families turn for assistance. This article concludes with policy and practice implications for social workers and other professionals engaged in providing services to financially vulnerable families.

  19. The effect of expected energy prices on energy demand: implications for energy conservation and carbon taxes

    International Nuclear Information System (INIS)

    Kaufmann, R.K.

    1994-01-01

    This paper describes an empirical method for estimating the effect of expected prices on energy demand. Data for expected oil prices are compiled from forecasts for real oil prices. The effect of expectations on energy demand is simulated with an expectation variable that proxies the return on investment for energy efficient capital. Econometric results indicate that expected prices have a significant effect on energy demand in the US between 1975 and 1989. A model built from the econometric results indicates that the way in which consumers anticipate changes in energy prices that are generated by a carbon tax affects the quantity of emissions abated by the tax. 14 refs., 4 figs., 1 tab

  20. The impact of Production Tax Credits on the profitable production of electricity from wind in the U.S

    International Nuclear Information System (INIS)

    Xi Lu; Tchou, Jeremy; McElroy, Michael B.; Nielsen, Chris P.

    2011-01-01

    A spatial financial model using wind data derived from assimilated meteorological condition was developed to investigate the profitability and competitiveness of onshore wind power in the contiguous U.S. It considers not only the resulting estimated capacity factors for hypothetical wind farms but also the geographically differentiated costs of local grid connection. The levelized cost of wind-generated electricity for the contiguous U.S. is evaluated assuming subsidy levels from the Production Tax Credit (PTC) varying from 0 to 4 cents /kWh under three cost scenarios: a reference case, a high cost case, and a low cost case. The analysis indicates that in the reference scenario, current PTC subsidies of 2.1 cents /kWh are at a critical level in determining the competitiveness of wind-generated electricity compared to conventional power generation in local power market. Results from this study suggest that the potential for profitable wind power with the current PTC subsidy amounts to more than seven times existing demand for electricity in the entire U.S. Understanding the challenges involved in scaling up wind energy requires further study of the external costs associated with improvement of the backbone transmission network and integration into the power grid of the variable electricity generated from wind. - Highlights: → Wind power competitiveness is driven by meteorology and proximity to the grid. → We spatially model U.S. onshore wind under ranges of subsidies and costs. → Wind power is competitive at a PTC subsidy of 2.1 cents/kWh. → Under current PTC levels, profitable wind potential far exceeds U.S. power demand.

  1. The Impact of the Abolition of tax credit on ex-dividend day abnormal returns in the united kingdom (uk market

    Directory of Open Access Journals (Sweden)

    Hardo Basuki

    2006-06-01

    The decline in the ex-day AR for the post-abolition periods seems to be driven primarily by quintile 5 (the highest dividend yield quintile. Quintile 5 exhibits strong dividend preference and this preference is likely caused  by the  imputation system that provides a tax advantage to the tax exempt shareholders. This finding appears to suggest that the highest dividend yield securities are likely to be held by tax-exempt investors such as pension funds that were affected by the abolition of the tax credits on dividend.

  2. Carbon credit of renewable energy projects in Malaysia

    International Nuclear Information System (INIS)

    Lim, X; Lam, W H; Shamsuddin, A H

    2013-01-01

    The introduction of Clean Development Mechanism (CDM) to Malaysia improves the environment of the country. Besides achieving sustainable development, the carbon credit earned through CDM enhances the financial state of the nation. Both CDM and renewable energy contribute to the society by striving to reduce carbon emission. Most of the CDM projects are related to renewable energy, which recorded 69% out of total CDM projects. This paper presents the energy overview and status of renewable energies in the country. Then, the renewable energy will be related to the CDM.

  3. Should there be an EC carbon/energy tax?

    International Nuclear Information System (INIS)

    Helm, D.

    1993-01-01

    The European Commission has suggested that an EC-wide carbon/energy tax should be introduced to meet the Community's commitment to reduce emissions of carbon dioxide, and to bear down on criticisms of sulphur dioxide and other harmful energy externalities. The UK government to data has pursued at best an agnostic position. Although the White Paper, This Common Inheritance, (DOE, 1990) gave prominence to the use of market-based instruments in advancing environmental objectives, their use in air pollution has been limited to the tax differential on unleaded petrol, the commitment to increase petrol tax in real terms in successive budgets and the imposition of VAT on domestic fuel in a phased series of stages. (Author)

  4. Energy wealth and tax reform in Russia and Kazakhstan

    International Nuclear Information System (INIS)

    Weinthal, E.; Luong, P.J.

    2001-01-01

    Resource-rich states throughout the developing world are prone to rent-seeking, excessive borrowing, wasteful spending, and unbalanced growth as well as states with weak institutions and authoritarian regimes. Are the five energy-rich Soviet successor states necessarily doomed to repeat this experience, often referred to as the 'resource curse'? This paper advances and tests the hypothesis that Russia and Kazakhstan are more likely to avoid the 'resource curse' than Uzbekistan, Turkmenistan, and Azerbaijan because they privatized their energy sectors. Specifically, we find that privatization offers a potential path out of the 'resource curse' when it involves a transfer of ownership to domestic actors. Although Kazakhstan initially appeared to be developing a viable tax regime in response to foreign investors, over the long term Kazakhstan's tax regime has become increasingly volatile and dependent upon these foreign investors. In contrast, domestic oil companies are helping to foster the development of an increasingly viable tax regime in Russia. (author)

  5. Heavier tax burden on energy utilities in the Netherlands

    International Nuclear Information System (INIS)

    Oostenrijk, A.J.; Van Peer, A.J.M.; Thomas, B.A.J.

    1997-01-01

    In order for the energy market to develop into a market with business economical starting points, competition and free access the Dutch Electric Power Law is revised. Part of the Energy Distribution Law (WED, abbreviated in Dutch) came into effect February 1, 1997. The WED also has far-going fiscal consequences for the energy market and people working in that market. The companies have to pay corporation taxes, are not allowed to activate goodwill and to deduct environmental investments anymore. 2 figs

  6. Expanding insurance coverage through tax credits, consumer choice, and market enhancements: the American Medical Association proposal for health insurance reform.

    Science.gov (United States)

    Palmisano, Donald J; Emmons, David W; Wozniak, Gregory D

    2004-05-12

    Recent reports showing an increase in the number of uninsured individuals in the United States have given heightened attention to increasing health insurance coverage. The American Medical Association (AMA) has proposed a system of tax credits for the purchase of individually owned health insurance and enhancements to individual and group health insurance markets as a means of expanding coverage. Individually owned insurance would enable people to maintain coverage without disruption to existing patient-physician relationships, regardless of changes in employers or in work status. The AMA's plan would empower individuals to choose their health plan and give patients and their physicians more control over health care choices. Employers could continue to offer employment-based coverage, but employees would not be limited to the health plans offered by their employer. With a tax credit large enough to make coverage affordable and the ability to choose their own coverage, consumers would dramatically transform the individual and group health insurance markets. Health insurers would respond to the demands of individual consumers and be more cautious about increasing premiums. Insurers would also tailor benefit packages and develop new forms of coverage to better match the preferences of individuals and families. The AMA supports the development of new health insurance markets through legislative and regulatory changes to foster a wider array of high-quality, affordable plans.

  7. Energy tax price tag for CPI: $1.2 billion, jobs, and production

    International Nuclear Information System (INIS)

    Begley, R.

    1993-01-01

    If President Clinton's proposed energy tax had been fully in place last year, it would have cost the US chemical industry an additional $1.2 billion and 9,900 jobs, according to Chemical Manufacturers Association (CMA; Washington) estimates. It also would have driven output down 3% and prices up 5%, CMA says. Allen Lenz, CMA director/trade and economics, says the increase in production costs that would accompany the tax will not be shared by foreign competitors, cannot be neutralized with higher border taxes because of existing trade agreements, and provides another reason to move production offshore. Worse, the US chemical industry's generally impressive trade surplus declined by $2.5 billion last year, and a further drop is projected for this year. The margin of error gets thinner all the time as competition increases, Lenz says. We're not concerned only with the chemical industry, but the rest of US-based manufacturing because they taken half our output, he adds. One problem is the energy intensiveness of the chemical process industries-a CMA report says that 55% of the cost of producing ethylene glycol is energy related. And double taxation of such things as coproducts returned for credit to oil refineries could add up to $115 million/year, the report says

  8. How carbon credits could drive the emergence of renewable energies

    Energy Technology Data Exchange (ETDEWEB)

    Mathews, John A. [Macquarie Graduate School of Management, Macquarie University, Sydney, NSW 2109 (Australia)

    2008-10-15

    The shift to renewable energy options and low-carbon technologies, in response to the concerns over energy security and climate change, is proceeding more slowly than many would like. The usual argument against rapid deployment of new technologies is the costs imposed on the economy, commonly interpreted in terms of upfront costs to be borne or involving large cash transfers to fund, for example, efforts to preserve rainforests. In this contribution I argue that such a perspective provides a continuing barrier to taking effective action, whereas a perspective based on creation and use of carbon credits provides a means of avoiding the shock of abrupt industrial change. Carbon credits granted for bona fide carbon load reductions could be created through private initiative, for example by merchant banks, to constitute a market that will complement regulatory-based initiatives such as national emissions trading systems. This is not a novel idea; indeed it is the way that capitalism has funded every major change, including the Industrial Revolution, through the creation of credit. The emergence of a global carbon credit economy is likely to precede a global regulatory system governing climate change and will doubtless help to stimulate the emergence of such a global system. (author)

  9. The efficiency of energy taxes - the view of practice

    International Nuclear Information System (INIS)

    Haeberlin, A.

    1994-01-01

    From the discussion regarding the policy of environment and climate protection, the slogan 'ecological rearrangement of the tax system' is not more unthinkable. The centre of the different proposals is the introduction of annually increasing general energy taxes. The tax charge is to be compensated by a reduction of the employer's contribution for social insurance in the producing trade and by the disbursement of a - however defined - ecological bonus in the area of private households (for example the German institute for economic research (DIW): Ecological tax reform also solo) with a superficial consideration, the thesis based on the ecological rearrangement has absolutely charme: Through the scheduled increase in price regarding energy sources, stimulations for energy saving and CO 2 reductions are created. If this model, however, results in positive allocation effects in the final analysis with regard to the overall economcy and if dismissals can be avoided, reality depend on very complex relations of activity. Therefore, in the following it is attempted to present and to assess elementary relations of activity regarding an energy taxation based on empirical experiences. (orig./UA) [de

  10. Gains from an integrated market for tradable renewable energy credits

    International Nuclear Information System (INIS)

    Mozumder, Pallab; Marathe, Achla

    2004-01-01

    Decoupling the environmental attributes of renewable energy (RE) generation from the physical unit of energy is an innovative mechanism for marketing green or renewable power. The introduction of 'Tradable Renewable Energy Credits' (TRECs) allows the green power attributes of energy to be sold or traded separately from the physical unit of energy. Since the green power certificate system removes potential locational and physical bottlenecks, both suppliers and consumers gain flexibility in the marketplace. The TREC is also an efficient tool to meet 'Renewable Portfolio Standard' (RPS) required by different states in the US. This paper discusses the RPS requirements for different states and examines the implications of an integrated TREC market. It offers a competitive setting to the consumers to pay for renewable energy and a cost effective tool to support renewable energy generation [Grace and Wiser, 2002]. This paper also highlights some practical difficulties that should be addressed in order to establish an efficient integrated TREC market

  11. Distributional and regional economic impact of energy taxes in Belgium

    International Nuclear Information System (INIS)

    Vandyck, Toon; Van Regemorter, Denise

    2014-01-01

    We analyse the macroeconomic and distributional effects of increased oil excises in Belgium by combining a regional Computable General Equilibrium (CGE) model with a microsimulation framework that exploits the rich detail of household-level data. The link between the CGE model and the microlevel is top–down, feeding changes in commodity prices, factor returns and employment by sector into a microsimulation model. The results suggest that policymakers face an equity-efficiency trade-off driven by the choice of revenue recycling options. When the additional revenue is used to raise welfare transfers to households, the reform is beneficial for lower income groups, but output levels decrease in all regions. However, when the energy tax revenue is used to lower distortionary labour taxes, the tax shift is slightly regressive. In this case, national GDP is hardly affected but regional production levels diverge. The impact of the environmental tax reform on income distribution depends strongly on changes in factor prices and welfare payments, whereas sector composition is an important determinant for regional impact variation. - Highlights: • We study the impact of oil excises across regions and households in Belgium. • Lower income groups gain if the revenue is used to raise welfare payments. • If labour taxes are reduced, the reform is only slightly regressive. • The differential impact across households is driven by factor price changes. • Sector composition is a crucial determinant for impact variation across regions

  12. Climate Change Taxes and Energy Efficiency in Japan

    International Nuclear Information System (INIS)

    Kasahara, S.; Paltsev, S.; Reilly, J.; Jacoby, H.; Ellerman, A.D.

    2007-01-01

    In 2003 Japan proposed a Climate Change Tax to reduce its CO2 emissions to the level required by the Kyoto Protocol. If implemented, the tax would be levied on fossil fuel use and the revenue distributed to encourage the purchase of energy efficient equipment. Analysis using the MIT Emissions Prediction and Policy Analysis (EPPA) model shows that this policy is unlikely to bring Japan into compliance with its Kyoto target unless the subsidy encourages improvement in energy intensity well beyond Japan's recent historical experience. Similar demand-management programs in the US, where there has been extensive experience, have not been nearly as effective as they would need to be to achieve energy efficiency goals of the proposal. The Tax proposal also calls for limits on international emission trading. We find that this limit substantially affects costs of compliance. The welfare loss with full emissions trading is 1/6 that when Japan meets its target though domestic actions only, the carbon price is lower, and there is a smaller loss of energy-intensive exports. Japan can achieve substantial savings from emissions trading even under cases where, for example, the full amount of the Russian allowance is not available in international markets

  13. A market for renewable energy credits in the Indian power sector

    International Nuclear Information System (INIS)

    Singh, Anoop

    2009-01-01

    Electricity generation from renewable energy sources in India has been promoted through a host of fiscal policies and preferential tariff for electricity produced from the same. The fiscal policies include tax incentives and purchase of electricity generated through renewable energy sources. The enactment of the Electricity Act 2003 (the Act) has lent further support to renewable energy by stipulating purchase of a certain percentage of the power procurement by distribution utilities from renewable energy sources. The renewable portfolio obligation as well as the feed-in tariff for power procurement has been specified by a number of State Electricity Regulatory Commissions (SERCs) for the respective state under their jurisdiction. A feed-in tariff determined through a cost-plus approach under a rate of return framework lacks incentive for cost minimisation and does not encourage optimal utilisation of renewable energy resources in the country. Such regulatory provisions differ across states. The prevalent practice of fixing a renewable portfolio obligation along with cost-based feed-in tariffs disregards economic efficiency. The paper proposes nationally tradable renewable energy credits scheme for achieving the targets set by the respective SERCs as renewable portfolio obligation. This would reduce the cost of compliance to a renewable portfolio obligation, and would encourage efficient resource utilisation and investment in appropriate technologies. The paper highlights its advantages and implementation issues. This paper discusses regulatory developments for promotion of renewable energy in various Indian states. The paper also identifies a number of issues related to regulations concerning renewable portfolio obligation. (author)

  14. Recycling energy taxes. Impacts on a disaggregated labour market

    Energy Technology Data Exchange (ETDEWEB)

    Bosello, F.; Carraro, C. [Fondazione Eni Enrico Mattei, c/o Palazzo Querini Stampalia, Castello 5252, 30122 Venezia (Italy)

    2001-09-01

    This paper analyses the impacts of energy taxes whose revenue is recycled to reduce gross wages and increase employment. The main novel feature of this paper, is the attempt to assess the effectiveness of this fiscal reform by using a labour market model in which both skilled and unskilled workers are used in the production process. This segmentation enables us to compare a policy which aims at reducing unskilled workers' wages, as in the original Delors' White book, with a policy in which the environmental fiscal revenue is used to reduce the gross wage of all workers. Moreover, two policy scenarios will be considered. A non-co-operative one in which each country determines the optimal domestic energy tax to achieve a given employment target and a co-operative one, in which the energy taxes are harmonised to equalise marginal abatement costs in the EU and in which the employment target is set for the EU. Our results show that: (1) an employment double dividend can be achieved in the short run only, even if a trade-off between environment and employment always exists; (2) the effect on employment is larger when the fiscal revenue is recycled into all workers' gross wages rather than into unskilled workers only; (3) a co-operative policy leads to even larger benefits in terms of employment provided that an adequate redistribution of fiscal revenues is adopted by EU countries.

  15. Reflections on the Scandinavian model: some insights into energy-related taxes in Denmark and Sweden

    DEFF Research Database (Denmark)

    Andersen, Mikael Skou

    2015-01-01

    This article describes how excise taxes on energy products and electricity have been combined with taxes on CO2 emissions and air pollution in the Nordic countries. The methods and principles employed in this region may be of interest to other countries considering how to tax fossil fuels as part...... of their transition to low-carbon energy systems....

  16. Reflections on the Scandinavian Model: Some Insights into Energy-Related Taxes in Denmark and Sweden

    DEFF Research Database (Denmark)

    Andersen, Mikael Skou

    2016-01-01

    This chapter describes how excise taxes on energy products and electricity have been combined with taxes on CO2 emissions and air pollution in the Nordic countries. The methods and principles employed in this region may be of interest to other countries considering how to tax fossil fuels as part...... of their transition to low-carbon energy systems....

  17. Two Cheers for the Foreign Tax Credit, Even in the BEPS Era

    OpenAIRE

    Peroni, Robert J.; Shay, Stephen E.; Fleming, Jr., J. Clifton

    2016-01-01

    Reform of the U.S. international income taxation system has been a hotly debated topic for many years. The principal competing alternatives are a territorial or exemption system and a worldwide system. For reasons summarized in this article, we favor worldwide taxation if it is real worldwide taxation – i.e., a non-deferred U.S. tax is imposed on all foreign income of U.S. residents at the time the income in earned. This approach is not acceptable, however, unless the resulting double taxa...

  18. Tax asymmetries and corporate income tax reform

    OpenAIRE

    Myers, Stewart C.; Majd, Saman.

    1986-01-01

    This paper investigates the impact of tax asymmetries (the lack of full loss offsets) under current corporate income tax law and a stylized tax reform proposal. The government's tax claim on the firm's pretax cash flows is modelled as a series of path-dependent call options and valued by option pricing procedures and Monte Carlo simulation.The tax reform investigated reduces the statutory tax rate, eliminates the investment tax credit and sets tax depreciation approximately equal to economic ...

  19. Using Marginal Structural Modeling to Estimate the Cumulative Impact of an Unconditional Tax Credit on Self-Rated Health.

    Science.gov (United States)

    Pega, Frank; Blakely, Tony; Glymour, M Maria; Carter, Kristie N; Kawachi, Ichiro

    2016-02-15

    In previous studies, researchers estimated short-term relationships between financial credits and health outcomes using conventional regression analyses, but they did not account for time-varying confounders affected by prior treatment (CAPTs) or the credits' cumulative impacts over time. In this study, we examined the association between total number of years of receiving New Zealand's Family Tax Credit (FTC) and self-rated health (SRH) in 6,900 working-age parents using 7 waves of New Zealand longitudinal data (2002-2009). We conducted conventional linear regression analyses, both unadjusted and adjusted for time-invariant and time-varying confounders measured at baseline, and fitted marginal structural models (MSMs) that more fully adjusted for confounders, including CAPTs. Of all participants, 5.1%-6.8% received the FTC for 1-3 years and 1.8%-3.6% for 4-7 years. In unadjusted and adjusted conventional regression analyses, each additional year of receiving the FTC was associated with 0.033 (95% confidence interval (CI): -0.047, -0.019) and 0.026 (95% CI: -0.041, -0.010) units worse SRH (on a 5-unit scale). In the MSMs, the average causal treatment effect also reflected a small decrease in SRH (unstabilized weights: β = -0.039 unit, 95% CI: -0.058, -0.020; stabilized weights: β = -0.031 unit, 95% CI: -0.050, -0.007). Cumulatively receiving the FTC marginally reduced SRH. Conventional regression analyses and MSMs produced similar estimates, suggesting little bias from CAPTs. © The Author 2016. Published by Oxford University Press on behalf of the Johns Hopkins Bloomberg School of Public Health. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.

  20. Do high vs. low purchasers respond differently to a nonessential energy-dense food tax? Two-year evaluation of Mexico's 8% nonessential food tax.

    Science.gov (United States)

    Taillie, Lindsey Smith; Rivera, Juan A; Popkin, Barry M; Batis, Carolina

    2017-12-01

    It is unclear whether response to a nonessential food tax varies across time or for high vs. low-consuming households. The objective is to examine whether the effect of Mexico's 2014 8% nonessential energy-dense foods tax increased in the second year post-implementation and whether it differentially affected households by pre-tax purchasing pattern. We used longitudinal data on Mexican household food purchases (n=6089 households) from 2012 to 2015. Households were classified based on median pre-tax purchases: low untaxed/low taxed ("low"), low untaxed/high taxed ("unhealthy"), high untaxed/low taxed ("healthy"), and high untaxed/high taxed ("high") purchasers. Fixed effects models tested whether observed post-tax purchases differed from the counterfactual, or what would have been expected based on pre-tax trends. Post-tax declines in the % taxed food purchases increased from -4.8% in year one to -7.4% in year two, yielding a 2-year mean decline of 6.0% beyond the counterfactual (ptax change in % taxed food purchases varied by pre-tax purchasing level. Healthy purchasers showed no post-tax change in % taxed food purchases beyond the counterfactual, while unhealthy, low and high purchasers decreased (-12.3%, -5.3% and -4.4%, respectively) (ptax continued in the second year, and households with greater preferences for taxed foods showed a larger decline in taxed food purchases. Copyright © 2017 Elsevier Inc. All rights reserved.

  1. Evaluation of state taxes and tax incentives and their impact on the development of geothermal energy in western states

    Energy Technology Data Exchange (ETDEWEB)

    Bronder, L.D.; Meyer, R.T.

    1981-01-01

    The economic impact of existing and prospective state taxes and tax incentives on direct thermal applications of geothermal energy are evaluated. Study area is twelve western states which have existing and potential geothermal activities. Economic models representing the geothermal producer and business enterprise phases of four industrial/commercial uses of geothermal energy are synthesized and then placed in the existing tax structures of each state for evaluation. The four enterprises are a commercial greenhouse (low temperature process heat), apartment complex (low temperature space heat), food processor (moderate temperature process heat), and small scale energy system (electrical and direct thermal energy for a small industrial park). The effects of the state taxations on net profits and tax revenues are determined. Tax incentives to accelerate geothermal development are also examined. The magnitudes of total state and local tax collections vary considerably from state to state, which implies that geothermal producers and energy-using businesses may be selective in expanding or locating their geothermal operations.

  2. Energy Tax and Competition in Energy Efficiency. The Case of Consumer Durables

    International Nuclear Information System (INIS)

    Conrad, K.

    2000-01-01

    The purpose of this paper is to analyze the role of an energy tax on technical improvements and on prices of consumer durables induced by strategic competition in energy efficiency. If the gasoline tax is raised this does in principle not affect the producers of cars because the motorist pays for it in terms of a higher cost of using the car. This, however, affects the unit sales of car producers because of substitution towards other modes of transportation. A second element of reaction to energy price variation is an indirect one and relates to the effect of energy prices on technology. Competition forces car producers to develop more energy efficient cars in order to reduce the cost of using a car. This indirect effect can partly offset the direct effect of higher energy prices on demand if it is profitable for the automobile industry to engineer more energy efficient equipment. We will analyze the impact of an energy tax on energy efficiency and on the price of a durable good. This will be done within the framework of a duopoly competing in prices and in the energy efficiency of its products. The government chooses a welfare maximizing energy tax as an incentive to innovate. Then we will analyze a strategic two-stage decision process in which the duopolists first decide about energy efficiency and then compete in prices. 18 refs

  3. CO2 taxes as economic tool for energy efficiency analysis of CO2 tax impact on energy efficiency projects in Latvia

    International Nuclear Information System (INIS)

    Blumberga, D.; Blumberga, M.; Veidenbergs, I.

    2005-01-01

    The intended purpose of the carbon tax is to reduce CO 2 emissions. This tax can play a significant role in the implementation of energy saving projects. The paper evaluates three market mechanisms for reducing greenhouse gas emissions: joint implementation, emissions trading and CO 2 taxes. The first market mechanism - pilot phase of joint implementation (Activities Implemented Jointly) opened the minds of specialists to the GHG emission reduction potential of energy efficiency projects. The second mechanism was implemented after Latvia had accepted the National Allocation Plan to start emission trading. The third mechanism is based on the introduction of a carbon tax, which will come into force in Latvia in July 2005. This paper describes the potential impact of this tax that could promote development of energy efficiency projects. The authors worked out an evaluation methodology to calculate the impact of CO 2 taxes on emissions levels and the potential value of such taxes. The proposed methodology is applicable to district heating companies and governmental institutions, defining links between the energy efficiency and CO 2 taxes and showing ways of justifying these taxes both economically and environmentally. (authors)

  4. 26 CFR 1.960-1 - Foreign tax credit with respect to taxes paid on earnings and profits of controlled foreign...

    Science.gov (United States)

    2010-04-01

    ... corporation. (5) Foreign income taxes. The term “foreign income taxes” means income, war profits, and excess profits taxes, and taxes included in the term “income, war profits, and excess profits taxes” by reason of... functional currency is the u. In 1998 CFC earns 100u of general limitation income described in section 904(d...

  5. The Introduction of a Supermarket via Tax-Credits in a Low-Income Area.

    Science.gov (United States)

    Elbel, Brian; Mijanovich, Tod; Kiszko, Kamila; Abrams, Courtney; Cantor, Jonathan; Dixon, L Beth

    2017-01-01

    Interest and funding continue to grow for bringing supermarkets to underserved areas, yet little is known about their impact. A quasi-experimental study was used to determine the impact of a new supermarket opening as a result of tax and zoning incentives. The study took place in the South Bronx, New York City, New York. Studied were residents of two South Bronx neighborhoods deemed high need. Food purchasing and consumption were examined via surveys and 24-hour dietary recalls before and at two points after the supermarket opened (1-5, 13-17 months). Data were analyzed using difference-in-difference models controlling for gender, race and ethnicity, age, education, marital status, and self-reported income. Ordinary least squares and logistic regression models were estimated for continuous and binary outcomes, respectively. At baseline, 94% to 97% of consumers shopped at a supermarket. There was a 2% increase in this behavior in the intervention community ( p sugary beverages ( p < .05), but no appreciable change in fruit/vegetable consumption or overall dietary quality. The new supermarket did not result in substantial or broad changes in purchasing patterns or nutritional quality of food consumed, though smaller, positive changes were observed over a 1-year period. Future work should examine different contexts and a broader set of outcomes, including economic development.

  6. Energy taxes and wages in a general equilibrium model of production

    International Nuclear Information System (INIS)

    Thompson, H.

    2000-01-01

    Energy taxes are responsible for a good deal of observed differences in energy prices across states and countries. They alter patterns of production and income distribution. The present paper examines the potential of energy taxes to lower wages in a general equilibrium model of production with capital, labour and energy inputs. (Author)

  7. The ex post impact on household energy of an energy tax on household demand

    NARCIS (Netherlands)

    Berkhout, P.H.G.; Ferrer-i-Carbonell, A.; Muskens, J.

    2004-01-01

    This paper presents an econometric study dealing with household demand for energy in the Netherlands. The main objective of the paper is to present an estimation of the actual impact of an already implemented energy tax introduced in the Netherlands in 1996. The approach differs from the existing

  8. The debate within the Mina-council on the (CO2)/Energy tax

    International Nuclear Information System (INIS)

    Verbeek, P.; Verbruggen, A.

    1996-01-01

    The debate held in the Flemish Advisory Council for Environment and Nature on the introduction of plans for a CO 2 -energy tax on the European or national level is reviewed. In 1993, a positive advice on the draft directive on the CO 2 -energy tax was given by a majority of the council members. The tax was then considered as a part of global package of measures to reduce the emission greenhouse gases and the rational use of energy. The associations of employers, business, and agriculture voted against the tax, arguing that the economic recession and growing economic competition did not allow for the introduction of a new tax. At that time, trade unions did not take a position in the debate. By 1995, it was agreed by all but one council members that the CO 2 /energy tax had a regulatory as well as financial aspects and that it should serve two goals: an environmental goal (energy saving) and a socio-economic goal (stimulation of employment by using the funds levied by the tax). The employers organisation VEV were however against the use of the tax for the financing of the social security system, as this would overrule the need to cut in the social security benefits. Two additional topics, the tax base and the principle of fiscal neutrality for different tax groups (industry, households, transport, and local authorities) are discussed. (A.S.)

  9. Energy, added sugar, and saturated fat contributions of taxed beverages and foods in Mexico.

    Science.gov (United States)

    Batis, Carolina; Pedraza, Lilia S; Sánchez-Pimienta, Tania G; Aburto, Tania C; Rivera-Dommarco, Juan A

    2017-01-01

    To estimate the dietary contribution of taxed beverages and foods. Using 24-hour diet recall data from the Ensanut 2012 (n=10 096), we estimated the contribution of the items which were taxed in 2014 to the total energy, added sugar, and saturated fat intakes in the entire sample and by sociodemographic characteristics. The contributions for energy, added sugar, and saturated fat were found to be 5.5, 38.1, and 0.4%, respectively, for the taxed beverages, and 14.4, 23.8, and 21.4%, respectively, for the taxed foods. Children and adolescents (vs. adults), medium and high socioeconomic status (vs. low), urban area (vs. rural), and North and Center region (vs. South) had higher energy contribution of taxed beverages and foods. The energy contribution was similar between males and females. These taxes covered an important proportion of Mexicans' diet and therefore have the potential to improve it meaningfully.

  10. 26 CFR 1.901-3 - Reduction in amount of foreign taxes on foreign mineral income allowed as a credit.

    Science.gov (United States)

    2010-04-01

    ..., DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Income from Sources Without the... country Z on the foreign mineral income from sources therein is $37,000, and the U.S. tax on the entire... sources within country Z is $33,600, computed by applying the principles of paragraph (a)(2)(ii)(b) of...

  11. Tax and Fiscal Policies for Promotion of Industrial EnergyEfficiency: A Survey of International Experience

    Energy Technology Data Exchange (ETDEWEB)

    Price, Lynn; Galitsky, Christina; Sinton, Jonathan; Worrell,Ernst; Graus, Wina

    2005-09-15

    The Energy Foundation's China Sustainable Energy Program (CSEP) has undertaken a major project investigating fiscal and tax policy options for stimulating energy efficiency and renewable energy development in China. This report, which is part of the sectoral sub-project studies on energy efficiency in industry, surveys international experience with tax and fiscal policies directed toward increasing investments in energy efficiency in the industrial sector. The report begins with an overview of tax and fiscal policies, including descriptions and evaluations of programs that use energy or energy-related carbon dioxide (CO2) taxes, pollution levies, public benefit charges, grants or subsidies, subsidized audits, loans, tax relief for specific technologies, and tax relief as part of an energy or greenhouse gas (GHG) emission tax or agreement scheme. Following the discussion of these individual policies, the report reviews experience with integrated programs found in two countries as well as with GHG emissions trading programs. The report concludes with a discussion of the best practices related to international experience with tax and fiscal policies to encourage investment in energy efficiency in industry.

  12. Reflections on the Scandinavian Model: Some Insights into Energy-Related Taxes in Denmark and Sweden

    DEFF Research Database (Denmark)

    Andersen, Mikael Skou

    2017-01-01

    This article describes how excise taxes on energy products and electricity have been combined with taxes on CO2 emissions and air pollution in the Nordic countries. The methods and principles employed in this region may be of interest to other countries considering how to tax fossil fuels as part...... of their transition to low-carbon energy systems. (Reprint from European Taxation 55(6) 235–44)....

  13. Comparative economic analysis of supporting policies for residential solar PV in the United States: Solar Renewable Energy Credit (SREC) potential

    International Nuclear Information System (INIS)

    Burns, John Edward; Kang, Jin-Su

    2012-01-01

    Numerous studies and market reports suggest that the solar photovoltaic markets rely heavily, if not entirely, upon governmental support policies at present. Unlike in other countries where these policies are enacted at a national level, the 50 states in the US pursue different policies in an attempt to foster the growth of renewable energy, and specifically solar photovoltaics. This paper provides an economic and financial analysis of the US federal and state level policies in states with solar-targeted policies that have markets. After putting a value on SRECs, this study further compares solar carve-outs with other incentives including the federal tax credit, net metering, and state personal tax credits. Our findings show that SREC markets can certainly be strong, with New Jersey, Delaware, and Massachusetts having the most potential. Despite their strong potential as effective renewable policies, the lack of a guaranteed minimum and the uncertainty attached are major drawbacks of SREC markets. However, the leveraging of this high value offers hope that the policies will indeed stimulate residential solar photovoltaic markets. - Highlights: ► We measure solar support incentives in eight US states with set-asides that include SREC policies. ► Compare each financial incentive using DCF, NPV, IRR, and Present Value/Watt-capacity. ► Most US SREC markets have strong potential to stimulate solar photovoltaics. ► SREC success requires price floors to alleviate uncertainty issues. ► Private financial entities can leverage SRECs to provide necessary price floors.

  14. The taxes allocation devoted to the sustainable development (energy conservation, renewable energies)

    International Nuclear Information System (INIS)

    2005-01-01

    This document aims to bring a better knowledge of the sustainable energy equipment which benefit of tax allocation. It presents the expenditure concerned by this law, the buildings where the expenditure are allowed, the expenditure amount and the administrative procedure to benefit of this decree. (A.L.B.)

  15. The rise and fall of French Ecological Tax Reform: social acceptability versus political feasibility in the energy tax implementation process

    International Nuclear Information System (INIS)

    Deroubaix, Jose-Frederic; Leveque, Francois

    2006-01-01

    The French government has a 10-year history of negotiations with industry, resulting in voluntary agreements on energy consumption. When implemented, these voluntary agreements produced very few results in terms of global reduction of greenhouse emissions (Politiques et Management Public 11(4) (1993) 47), hence the idea of an energy tax became increasingly attractive for many French decision-makers. Ecological/Environmental Tax Reform (ETR) should have been one of the major political decisions and successes of the past leftwing coalition government. Instead it became one of its major failures as the Constitutional Court decided to terminate the energy tax project in December 2000. Through insights gleaned from focus groups and interviews with business-people and decision-makers, an attempt is made to understand the failure of the energy tax project. Firstly, decision-makers lacked crucial information about public and business opinions and secondly, there were conflicts between the relevant administrations. The fuel revolts of 2000 ended any hope of resolving the conflicts and implementing ETR, which was ultimately found unconstitutional. This paper examines the political controversies raised by the ETR project and the reasons for its eventual collapse, in the hope of contributing new understanding to the body of knowledge on the political difficulties of introducing environmental policy instruments

  16. Institute a modest carbon tax to reduce carbon emissions, finance clean energy technology development, cut taxes, and reduce the deficit

    Energy Technology Data Exchange (ETDEWEB)

    Muro, Mark; Rothwell, Jonathan

    2012-11-15

    The nation should institute a modest carbon tax in order to help clean up the economy and stabilize the nation’s finances. Specifically, Congress and the president should implement a $20 per ton, steadily increasing carbon excise fee that would discourage carbon dioxide emissions while shifting taxation onto pollution, financing energy efficiency (EE) and clean technology development, and providing opportunities to cut taxes or reduce the deficit. The net effect of these policies would be to curb harmful carbon emissions, improve the nation’s balance sheet, and stimulate job-creation and economic renewal.

  17. White Certificates for energy efficiency improvement with energy taxes: A theoretical economic model

    International Nuclear Information System (INIS)

    Oikonomou, Vlasis; Jepma, Catrinus; Becchis, Franco; Russolillo, Daniele

    2008-01-01

    In this paper we analyze interactions of two energy policy instruments, namely a White Certificates (WhC) scheme as an innovative policy instrument for energy efficiency improvement and energy taxation. These policy instruments differ in terms of objectives and final impacts on the price of electricity. We examine the effect of these policy instruments in the electricity sector, focusing on electricity producers and suppliers in a competitive market. Using microeconomic theory, we identify synergies between market players and demonstrate the total effect on the electricity price when suppliers internalize the behaviour of producers in their decisions. This model refers to an ideal market situation of full liberalization. The cases we examine consist of electricity producers with and without a carbon tax, electricity suppliers with and without an electricity tax, and with WhC obligations. Furthermore, we present a parallel implementation of WhC for electricity suppliers with carbon tax on electricity producers and an electricity tax with WhC obligations to electricity suppliers. We demonstrate differences in optimization behaviour of producers and suppliers. Based on a couple of cases of WhC with carbon and electricity taxes, various positive and negative effects of both schemes in terms of target achievement and efficiency are present, which can lead to an added value of such schemes in the policy mix, although uncertainties of outcomes are quite high. A basic finding is that in a merit order several parameters can increase final electricity price after the implementation of different policies: demand for electricity and electricity supply cost at a large scale and then follow the level of level of obligation for energy saving, level of penalty, and price of WhC (representing the marginal costs of energy saving projects). The impact magnitude of parameters depends on the values chosen and on the initial position of suppliers (i.e. if their actual behaviour deviates

  18. Energy taxes as a signaling device: An empirical analysis of consumer preferences

    International Nuclear Information System (INIS)

    Ghalwash, Tarek

    2007-01-01

    This paper presents an econometric study dealing with household demand in Sweden. The main objective is to empirically examine the differences in consumer reaction to the introduction of, or the change, in environmental taxes. Main focus is on environmental taxes as a signaling device. The hypothesis is that the introduction of an environmental tax provides new information about the properties of the directly taxed goods. This in turn may affect consumer preferences for these goods, hence altering the consumption choice. The result from the econometric analysis shows that all goods have negative own-price elasticities, and positive income elasticities. Concerning the signalling effect of environmental taxes the results are somewhat ambiguous. The tax elasticity for energy goods used for heating seems to be significantly higher than the traditional price elasticity, whereas the opposite seems to be the case for energy goods used for transportation

  19. Energy Taxes as a Signaling Device: An Empirical Analysis of Consumer Preferences

    International Nuclear Information System (INIS)

    Ghalwash, Tarek

    2004-01-01

    This paper presents an econometric study dealing with household demand in Sweden. The main objective is to empirically examine the differences in consumer reaction to the introduction of, or the change, in environmental taxes. Main focus is on environmental taxes as a signaling device. The hypothesis is that the introduction of an environmental tax provides new information about the properties of the directly taxed goods. This in turn may affect consumer preferences for these goods, hence altering the consumption choice. The result from the econometric analysis shows that all goods have negative own-price elasticities, and positive income elasticities. Concerning the signalling effect of environmental taxes the results are somewhat ambiguous. The tax elasticity for energy goods used for heating seems to be significantly higher than the traditional price elasticity, whereas the opposite seems to be the case for energy goods used for transportation

  20. 26 CFR 1.902-1 - Credit for domestic corporate shareholder of a foreign corporation for foreign income taxes paid...

    Science.gov (United States)

    2010-04-01

    ... of the Tax Reform Act of 1986. See §§ 1.902-3, 1.902-4 and 1.964-1. (iii) Foreign income taxes... of the Tax Reform Act of 1986. See paragraphs (a) (10) and (13) of this section and §§ 1.902-3 and 1... connection with the purchase or sale of certain oil and gas. Certain income, war profits, or excess profits...

  1. 26 CFR 1.902-3 - Credit for domestic corporate shareholder of a foreign corporation for foreign income taxes paid...

    Science.gov (United States)

    2010-04-01

    ... taxes” means income, war profits, and excess profits taxes, and taxes included in the term “income, war... a foreign corporation for any taxable year shall be determined after reduction by any income, war... amounts so determined into United States dollars or other foreign currency shall be made at the proper...

  2. Assessment of Energy Credits in LEED-Certified Buildings Based on Certification Levels and Project Ownership

    Directory of Open Access Journals (Sweden)

    Asli Pelin Gurgun

    2018-02-01

    Full Text Available Compared to other categories, the Energy and Atmosphere category contributes the most to the maximum obtainable points in the Leadership in Energy and Environmental Design (LEED certification system. The objective of the study was to identify the extent to which project teams take advantage of the credits in the Energy and Atmosphere category of LEED. This study analyzes the performance of practitioners in achieving points in the Energy and Atmosphere credits of LEED-New Construction (NC 2009 for 1500 buildings that received LEED certification in the US. For a better understanding of the credit patterns, the differences in the performance of practitioners are investigated relative to certification levels and project ownership. Achievement in credits is calculated in terms of percent of maximum points (PMP, since the maximum achievable points differ for each credit. Practitioners’ achievements in the credits were ranked as follows: (1 enhanced commissioning, (2 optimized energy performance, (3 enhanced refrigerant management, (4 green power, (5 measurement and verification, and (6 on-site renewable energy. The largest achievement differences were observed in the on-site renewable energy credit. Concerning building ownership, investors were found to optimize mostly energy efficiency and on-site renewable energy, but to mostly skip enhanced refrigerant management. Performance in the measurement and verification credit was similar for all owner types, whereas investors performed differently from corporations, and government agencies in the enhanced commissioning credit. Practitioners who recognize these priorities and differences are expected to be better positioned to make sustainability-related decisions in building design and construction.

  3. The effects of energy taxes on productivity and employment : The case of the Netherlands

    NARCIS (Netherlands)

    Kuper, GH

    This paper examines the double dividend hypothesis introduced by Bovenberg and Van der Ploeg. By double dividend they mean that higher pollution taxes and lower taxes on labour would not only improve the environment but also boost employment. We investigate the effect of higher prices of energy and

  4. First-Year Evaluation of Mexico's Tax on Nonessential Energy-Dense Foods: An Observational Study.

    Directory of Open Access Journals (Sweden)

    Carolina Batis

    2016-07-01

    Full Text Available In an effort to prevent continued increases in obesity and diabetes, in January 2014, the Mexican government implemented an 8% tax on nonessential foods with energy density ≥275 kcal/100 g and a peso-per-liter tax on sugar-sweetened beverages (SSBs. Limited rigorous evaluations of food taxes exist worldwide. The objective of this study was to examine changes in volume of taxed and untaxed packaged food purchases in response to these taxes in the entire sample and stratified by socioeconomic status (SES.This study uses data on household packaged food purchases representative of the Mexican urban population from The Nielsen Company's Mexico Consumer Panel Services (CPS. We included 6,248 households that participated in the Nielsen CPS in at least 2 mo during 2012-2014; average household follow-up was 32.7 mo. We analyzed the volume of purchases of taxed and untaxed foods from January 2012 to December 2014, using a longitudinal, fixed-effects model that adjusted for preexisting trends to test whether the observed post-tax trend was significantly different from the one expected based on the pre-tax trend. We controlled for household characteristics and contextual factors like minimum salary and unemployment rate. The mean volume of purchases of taxed foods in 2014 changed by -25 g (95% confidence interval = -46, -11 per capita per month, or a 5.1% change beyond what would have been expected based on pre-tax (2012-2013 trends, with no corresponding change in purchases of untaxed foods. Low SES households purchased on average 10.2% less taxed foods than expected (-44 [-72, -16] g per capita per month; medium SES households purchased 5.8% less taxed foods than expected (-28 [-46, -11] g per capita per month, whereas high SES households' purchases did not change. The main limitations of our findings are the inability to infer causality because the taxes were implemented at the national level (lack of control group, our sample is only representative of

  5. First-Year Evaluation of Mexico's Tax on Nonessential Energy-Dense Foods: An Observational Study.

    Science.gov (United States)

    Batis, Carolina; Rivera, Juan A; Popkin, Barry M; Taillie, Lindsey Smith

    2016-07-01

    In an effort to prevent continued increases in obesity and diabetes, in January 2014, the Mexican government implemented an 8% tax on nonessential foods with energy density ≥275 kcal/100 g and a peso-per-liter tax on sugar-sweetened beverages (SSBs). Limited rigorous evaluations of food taxes exist worldwide. The objective of this study was to examine changes in volume of taxed and untaxed packaged food purchases in response to these taxes in the entire sample and stratified by socioeconomic status (SES). This study uses data on household packaged food purchases representative of the Mexican urban population from The Nielsen Company's Mexico Consumer Panel Services (CPS). We included 6,248 households that participated in the Nielsen CPS in at least 2 mo during 2012-2014; average household follow-up was 32.7 mo. We analyzed the volume of purchases of taxed and untaxed foods from January 2012 to December 2014, using a longitudinal, fixed-effects model that adjusted for preexisting trends to test whether the observed post-tax trend was significantly different from the one expected based on the pre-tax trend. We controlled for household characteristics and contextual factors like minimum salary and unemployment rate. The mean volume of purchases of taxed foods in 2014 changed by -25 g (95% confidence interval = -46, -11) per capita per month, or a 5.1% change beyond what would have been expected based on pre-tax (2012-2013) trends, with no corresponding change in purchases of untaxed foods. Low SES households purchased on average 10.2% less taxed foods than expected (-44 [-72, -16] g per capita per month); medium SES households purchased 5.8% less taxed foods than expected (-28 [-46, -11] g per capita per month), whereas high SES households' purchases did not change. The main limitations of our findings are the inability to infer causality because the taxes were implemented at the national level (lack of control group), our sample is only representative of urban

  6. Carbon tax scenarios and their effects on the Irish energy sector

    International Nuclear Information System (INIS)

    Di Cosmo, Valeria; Hyland, Marie

    2013-01-01

    In this paper we use annual time series data from 1960 to 2008 to estimate the long run price and income elasticities underlying energy demand in Ireland. The Irish economy is divided into five sectors: residential, industrial, commercial, agricultural and transport, and separate energy demand equations are estimated for all sectors. Energy demand is broken down by fuel type, and price and income elasticities are estimated for the primary fuels in the Irish fuel mix. Using the estimated price and income elasticities we forecast Irish sectoral energy demand out to 2025. The share of electricity in the Irish fuel mix is predicted to grow over time, as the share of carbon intensive fuels such as coal, oil and peat, falls. The share of electricity in total energy demand grows most in the industrial and commercial sectors, while oil remains an important fuel in the residential and transport sectors. Having estimated the baseline forecasts, two different carbon tax scenarios are imposed and the impact of these scenarios on energy demand, carbon dioxide emissions, and government revenue is assessed. If it is assumed that the level of the carbon tax will track the futures price of carbon under the EU-ETS, the carbon tax will rise from €21.50 per tonne CO 2 in 2012 (the first year forecasted) to €41 in 2025. Results show that under this scenario total emissions would be reduced by approximately 861,000 tonnes of CO 2 in 2025 relative to a zero carbon tax scenario, and that such a tax would generate €1.1 billion in revenue in the same year. We also examine a high tax scenario under which emissions reductions and revenue generated will be greater. Finally, in order to assess the macroeconomic effects of a carbon tax, the carbon tax scenarios were run in HERMES, the ESRI's medium-term macroeconomic model. The results from HERMES show that, a carbon tax of €41 per tonne CO 2 would lead to a 0.21% contraction in GDP, and a 0.08% reduction in employment. A higher carbon

  7. Wood-energy: success depends on the price of fossil energies and on the carbon tax level

    International Nuclear Information System (INIS)

    Defaye, Serge; Maindrault, Marc

    2016-01-01

    Illustrated by several graphs indicating the structure of fossil energy prices, the comparison between domestic fuel and wood-energy for public network exploitation, the levels of fossil prices and carbon tax for non-subsidised projects, this article analyses the development of biomass (and more particularly wood-energy), the success of which depends on the price of fossil energies and on the carbon tax level. It outlines the differences of price-building elements between fossil and renewable heat, that subsidies are necessary if reference prices are low. It discusses the influence of carbon tax level and of fossil prices. It finally identifies conditions to be met (reduction of fossil energy supply and therefore higher fossil prices, introduction of a carbon tax) to reach COP objectives

  8. The energy price equivalence of carbon taxes and emissions trading—Theory and evidence

    International Nuclear Information System (INIS)

    Chiu, Fan-Ping; Kuo, Hsiao-I.; Chen, Chi-Chung; Hsu, Chia-Sheng

    2015-01-01

    Highlights: • The price equivalence of carbon taxes and emissions trading from theoretical and empirical models are developed. • The theoretical findings show that the price effects of these two schemes depend on the market structures. • Energy prices under a carbon tax is lower than an issions trading in an imperfectly competitive market. • A case study from Taiwan gasoline market is applied here. - Abstract: The main purpose of this study is to estimate the energy price equivalence of carbon taxes and emissions trading in an energy market. To this end, both the carbon tax and emissions trading systems are designed in the theoretical model, while alternative market structures are taken into consideration. The theoretical findings show that the economic effects of these two schemes on energy prices depend on the market structures. Energy prices are equivalent between these two schemes given the same amount of greenhouse gas emissions (GHGE) reduction when the market structure is characterized by perfect competition. However, energy prices will be lower when a carbon tax is introduced than when emissions trading is implemented in an imperfectly competitive market, which implies that the price effects of a carbon tax and emissions trading depend on the energy market structure. Such a theoretical basis is applied to the market for gasoline in Taiwan. The empirical results indicate that the gasoline prices under a carbon tax are lower than under emissions trading. This implies that the structure of the energy market needs to be examined when a country seeks to reduce its GHGE through the implementation of either a carbon tax or emissions trading.

  9. A comparative analysis of energy and CO2 taxes on the primary energy mix for electricity generation

    International Nuclear Information System (INIS)

    Voorspools, Kris; Peersman, Inneke; D'haeseleer, William

    2005-01-01

    In many countries, economies are moving towards internalization of external costs of greenhouse-gas (GHG) emissions. This can best be achieved by either imposing additional taxes or by using an emission-permit-trading scheme. The electricity sector is under scrutiny in the allocation of emission-reduction objectives, not only because it is a large homogeneous target, but also because of the obvious emission-reduction potential by decreasing power generation based on carbon-intensive fuels. In this paper, we discuss the impact of a primary-energy tax and a CO 2 tax on the dispatching strategy in power generation. In a case study for the Belgian power-generating context, several tax levels are investigated and the impact on the optimal dispatch is simulated. The impact of the taxes on the power demand or on the investment strategies is not considered. As a conclusion, we find that a CO 2 tax is more effective than a primary-energy tax. Both taxes accomplish an increased generation efficiency in the form of a promotion of combined-cycle gas-fired units over coal-fired units. The CO 2 tax adds an incentive for fuel switching which can be achieved by altering the merit order of power plants or by switching to a fuel with a lower carbon content within a plant. For the CO 2 tax, 13 euros/ton CO 2 is withheld as the optimal value which results in an emission reduction of 13% of the electricity-related GHG emissions in the Belgian power context of 2000. A tax higher than 13 euros/ton CO 2 does not contribute to the further reduction of GHGs. (Author)

  10. The effects of energy taxes on productivity and employment. The case of the Netherlands

    International Nuclear Information System (INIS)

    Kuper, Gerard H.

    1996-01-01

    This paper examines the double dividend hypothesis introduced by Bovenberg and Van der Ploeg. By double dividend they mean that higher pollution taxes and lower taxes on labour would not only improve the environment but also boost employment. We investigate the effect of higher prices of energy and lower nominal wages - as a result of the shift in taxes away from labour - on employment, as well as the consequences on investment and productivity. The model used is a dynamic investment model based on a putty-clay vintage structure with three inputs (labour, capital and energy) producing output. The model is calibrated using data for the Dutch private sector for the period 1953 until 1989. Our main conclusion is that shifting taxes from labour towards energy, reduces economic activity, despite factor substitution

  11. Energy, added sugar, and saturated fat contributions of taxed beverages and foods in Mexico

    Directory of Open Access Journals (Sweden)

    Carolina Batis

    2017-08-01

    Full Text Available Objective. To estimate the dietary contribution of taxed beverages and foods. Materials and methods. Using 24-hour diet recall data from the Ensanut 2012 (n=10 096, we estimated the contribution of the items which were taxed in 2014 to the total energy, added sugar, and saturated fat intakes in the entire sample and by sociodemographic characteristics. Results. The contributions for energy, added sugar, and saturated fat were found to be 5.5, 38.1, and 0.4%, respectively, for the taxed beverages, and 14.4, 23.8, and 21.4%, respectively, for the taxed foods. Children and adolescents (vs. adults, medium and high socioeconomic status (vs. low, urban area (vs. rural, and North and Center region (vs. South had higher energy contribution of taxed beverages and foods. The energy contribution was similar between males and females. Conclusions. These taxes covered an important proportion of Mexicans’ diet and therefore have the potential to improve it meaningfully.

  12. The costs of different energy taxes for stabilizing U.S. carbon dioxide emissions: An application of the Gemini model

    International Nuclear Information System (INIS)

    Leary, N.A.; Scheraga, J.D.

    1993-01-01

    In the absence of policies to mitigate emissions of carbon dioxide, US emissions will grow substantially over the period 1990 to 2030. One option for mitigation of carbon dioxide emissions is to tax energy use. For example, fossil energy might be taxed according to its carbon content, heating value, or market value. Using a partial equilibrium model of US energy markets that combines detailed representation of technological processes with optimizing behavior by energy users and suppliers, the authors compare the costs of using carbon, Btu, and ad valorem taxes as instruments to implement a policy of emission stabilization. The authors also examine the differential impacts of these taxes on the mix of primary energy consumed in the US. The carbon tax induces the substitution of renewables and natural gas for coal and stabilizes carbon dioxide emissions at an estimated annual cost of $125 billion. The Btu tax induces the substitution of renewables for coal, but does not encourage the use of natural gas. The estimated cost of stabilization with the Btu tax is $210 billion per year. The ad valorem tax, like the Btu tax, does not encourage the substitution of natural gas for coal. It also causes a significant shift away from oil in comparison to the carbon tax. The cost of stabilizing emissions with the ad valorem tax is estimated at $450 billion per year

  13. 12 CFR 220.124 - Installment sale of tax-shelter programs as “arranging” for credit.

    Science.gov (United States)

    2010-01-01

    ... benefits, and become subject to the risks of ownership at the time the contract is made, although the full...) of Regulation T provides that: A creditor [broker or dealer] may arrange for the extension or maintenance of credit to or for any customer of such creditor by any person upon the same terms and conditions...

  14. Effects of state-level Earned Income Tax Credit laws in the U.S. on maternal health behaviors and infant health outcomes.

    Science.gov (United States)

    Markowitz, Sara; Komro, Kelli A; Livingston, Melvin D; Lenhart, Otto; Wagenaar, Alexander C

    2017-12-01

    The purpose of this paper is to investigate the effects of state-level Earned Income Tax Credit (EITC) laws in the U.S. on maternal health behaviors and infant health outcomes. Using multi-state, multi-year difference-in-differences analyses, we estimated effects of state EITC generosity on maternal health behaviors, birth weight and gestation weeks. We find little difference in maternal health behaviors associated with state-level EITC. In contrast, results for key infant health outcomes of birth weight and gestation weeks show small improvements in states with EITCs, with larger effects seen among states with more generous EITCs. Our results provide evidence for important health benefits of state-level EITC policies. Copyright © 2017 Elsevier Ltd. All rights reserved.

  15. Environment taxation and greenhouse gases (general tax on energy polluting activities and emissions trading)

    International Nuclear Information System (INIS)

    Parayre, P.; Bruhnes, P.; Huglo, Ch.

    2000-12-01

    This document brings together 11 expert testimonies about the French general tax on polluting activities (GTPA). Content: 1 - the GTPA today and in 2001: the first year GTPA, the GTPA 2001 in the water sector, the everyday formal procedures linked with GTPA, the contentious aspects of GTPA; 2 - the eco-tax or energy-GTPA: European framework of energy products taxing, enforcement and implementation of the energy-GTPA in France; 3 - the negotiable emission permits: negotiable permits for companies with a strong energy intensity, functioning of emission permits in a global strategy, the position of the European Commission about negotiable permits and the perspectives in this domain at the community level; 4 - towards a reduction of greenhouse gases: the Goeteborg protocol, the consequences of La Haye's COP6, the position of a type-sector, an efficient system for the abatement of greenhouse gases by the producing sector. (J.S.)

  16. The impact of in-work tax credit for families on self-rated health in adults: a cohort study of 6900 New Zealanders.

    Science.gov (United States)

    Pega, Frank; Carter, Kristie; Kawachi, Ichiro; Davis, Peter; Gunasekara, Fiona Imlach; Lundberg, Olle; Blakely, Tony

    2013-08-01

    In-work tax credit (IWTC) for families, a welfare-to-work policy intervention, may impact health status by improving income and employment. Most studies estimate that IWTCs in the USA and the UK have no effect on self-rated health (SRH) and several other health outcomes, but these estimates may be biased by confounding. The current study estimates the impact of one such IWTC intervention (called In-Work Tax Credit) on SRH in adults in New Zealand, controlling more fully for confounding. We used data from seven waves (2002-2009) of the Survey of Family, Income and Employment, restricted to a balanced panel of adults in families. The exposures, eligibility for IWTC and the amount of IWTC a family was eligible for, were derived for each wave by applying government eligibility and entitlement criteria. The outcome, SRH, was collected annually. We used fixed effects regression analyses to eliminate time-invariant confounding and adjusted for measured time-varying confounders. Becoming eligible for IWTC was associated with no detectable change in SRH over the past year (β=0.001, 95% CI -0.022 to 0.023). A $1000 increase in the IWTC amount a family was eligible for increased SRH by 0.003 units (95% CI -0.005 to 0.011). This study found that becoming eligible for IWTC or a substantial increase in the IWTC amount was not associated with any detectable difference in SRH over the short term. Future research should investigate the impact of IWTC on health over the longer term.

  17. Double dividend effectiveness of energy tax policies and the elasticity of substitution. A CGE appraisal

    International Nuclear Information System (INIS)

    Sancho, Ferran

    2010-01-01

    There is a considerable body of literature that has studied whether or not an adequately designed tax swap, whereby an ecotax is levied and some other tax is reduced while keeping government income constant, may achieve a so-called double dividend, that is, an increase in environmental quality and an increase in overall efficiency. Arguments in favor and against are abundant. Our position is that the issue should be empirically studied starting from an actual, non-optimal tax system structure and by way of checking the responsiveness of equilibria to revenue neutral tax regimes under alternate scenarios regarding technological substitution. With the use of a CGE model, we find that the most critical elasticity for achieving a double dividend is the substitution elasticity between labor and capital whereas the elasticity that would generate the highest reduction in carbon dioxide emissions is the substitution elasticity among energy goods. (author)

  18. Double dividend effectiveness of energy tax policies and the elasticity of substitution: A CGE appraisal

    Energy Technology Data Exchange (ETDEWEB)

    Sancho, Ferran, E-mail: Ferran.Sancho@uab.ca [Departament d' Economia, Universitat Autonoma de Barcelona, 08193-Bellaterra (Spain)

    2010-06-15

    There is a considerable body of literature that has studied whether or not an adequately designed tax swap, whereby an ecotax is levied and some other tax is reduced while keeping government income constant, may achieve a so-called double dividend, that is, an increase in environmental quality and an increase in overall efficiency. Arguments in favor and against are abundant. Our position is that the issue should be empirically studied starting from an actual, non-optimal tax system structure and by way of checking the responsiveness of equilibria to revenue neutral tax regimes under alternate scenarios regarding technological substitution. With the use of a CGE model, we find that the most critical elasticity for achieving a double dividend is the substitution elasticity between labor and capital whereas the elasticity that would generate the highest reduction in carbon dioxide emissions is the substitution elasticity among energy goods.

  19. Double dividend effectiveness of energy tax policies and the elasticity of substitution. A CGE appraisal

    Energy Technology Data Exchange (ETDEWEB)

    Sancho, Ferran [Departament d' Economia, Universitat Autonoma de Barcelona, 08193-Bellaterra (Spain)

    2010-06-15

    There is a considerable body of literature that has studied whether or not an adequately designed tax swap, whereby an ecotax is levied and some other tax is reduced while keeping government income constant, may achieve a so-called double dividend, that is, an increase in environmental quality and an increase in overall efficiency. Arguments in favor and against are abundant. Our position is that the issue should be empirically studied starting from an actual, non-optimal tax system structure and by way of checking the responsiveness of equilibria to revenue neutral tax regimes under alternate scenarios regarding technological substitution. With the use of a CGE model, we find that the most critical elasticity for achieving a double dividend is the substitution elasticity between labor and capital whereas the elasticity that would generate the highest reduction in carbon dioxide emissions is the substitution elasticity among energy goods. (author)

  20. The user cost of energy resource and its reasonable tax rate-A case of oil

    Science.gov (United States)

    Lifan, Liu

    2017-12-01

    The development and use of natural resources bring about the externality of resources depletion, especially for non-renewable resources. This paper takes oil as an example to analyze the user cost of energy resource with EI Serafy User cost method, and discusses the rationality of the resource tax. Meanwhile, this paper determines oil resource tax rate in consideration of resource sustainable development. The results show that, the user cost of oil isn’t compensated fully, it is too low to make compensation to the environment and the profit of future generation, and the resource tax is a little low. At last of the paper, some conclusions and policy suggestions on resource tax reform are given.

  1. Resource rents: The effects of energy taxes and quantity instruments for climate protection

    International Nuclear Information System (INIS)

    Eisenack, Klaus; Edenhofer, Ottmar; Kalkuhl, Matthias

    2012-01-01

    Carbon dioxide emissions correspond to fossil resource use. When considering this supply side of climate protection, crucial questions come to fore. It seems likely that owners of fossil resources would object to emission reductions. Moreover, policy instruments such as taxes may not be effective at all: it seems individually rational to leave no fossil resources unused. In this context, it can be expected that economic sectors will react strategically to climate policy, aiming at a re-distribution of rents. To address these questions, we investigate the effectiveness, efficiency, and resource rents for energy taxes, resource taxes, and quantity rationing of emissions. The analysis is based on a game theoretic growth model with explicit factor markets and policy instruments. Market equilibrium depends on a government that acts as a Stackelberg leader with a climate protection goal. We find that resource taxes and quantity rationing achieve this objective efficiently, energy taxation is only second-best. The use of quantity rationing to achieve climate protection generates substantial rents for resource owners. - Highlights: ► Resource taxes and quantity rationing (carbon budgets) are efficient. ► Carbon budgets increase resource rents, while taxes decrease rents. ► Resource owners may support climate protection. ► Climate protection introduces a climate rent.

  2. An Analysis of Arizona Individual Income Tax-Credit Scholarship Recipients' Family Income, 2009-10 School Year. Program on Education Policy and Governance Working Paper. PEPG 10-18

    Science.gov (United States)

    Murray, Vicki E.

    2010-01-01

    In 2009, the "East Valley Tribune and the Arizona Republic" alleged that Arizona's individual income tax-credit scholarship program disproportionately serves privileged students from higher-income families over those from lower-income backgrounds. Yet neither paper collected the student-level, scholarship recipient family income data…

  3. Economic, environmental and international trade effects of the EU Directive on energy tax harmonization

    Energy Technology Data Exchange (ETDEWEB)

    Kohlhaas, Michael; Schumacher, Katja; Diekmann, Jochen; Schumacher, Dieter [German Inst. for Economic Research (DIW), Berlin (Germany); Carmes, Martin [Oeko-Institut e. V. (Institute for Applied Ecology), Berlin (Germany)

    2005-07-01

    In October 2003, the European Union introduced a Directive, which widens the scope of the EU's minimum taxation system from mineral oils to all energy products including coal, natural gas and electricity. It aims at reducing distortions that currently exist between Member States as well as between energy products. In addition, it increases previous minimum tax rates and thus the incentive to use energy more efficiently. The Directive will lead to changes in the energy tax schemes in a number of countries, in particular some southern Member Countries (Greece, Spain, Portugal) and most of the new Member States. In this paper, we analyze the effects of the EU energy tax harmonization with GTAP-E, a computable general equilibrium model. Particular focus is placed on the Eastern European countries, which became new members of the EU in May 2004. We investigate the effects of the tax harmonization on overall economic growth and sectoral development. Special attention is paid to international trade in order to analyze if competitiveness concerns, which have been forwarded in the context of energy taxation are valid. Furthermore, the effect on energy consumption and emissions and thus the contribution to the EU's climate change targets is analyzed.

  4. Credit constraints, energy management practices, and investments in energy saving technologies: German manufacturing in close-up

    OpenAIRE

    Löschel, Andreas; Lutz, Benjamin Johannes; Massier, Philipp

    2017-01-01

    We analyze the drivers and barriers that influence investments increasing the energy efficiency of firms' production processes or buildings in the German manufacturing sector based on microdata. In particular, we shed light on the relationship between financial barriers (e. g. credit constraints), information and knowledge (e. g. energy management practices), salience of energy-related topics, and the investments in energy saving technologies. A better understanding of firms' investment behav...

  5. Scientists credit `Atoms for Peace' for progress on energy, security

    CERN Multimedia

    Jones, D

    2003-01-01

    "Fifty years after President Eisenhower unveiled his plan for developing peaceful uses for nuclear fission, the scientific advances spawned by his Atoms for Peace program have made possible major advances in energy and national security, a panel of physicists said last week" (1 page).

  6. S.743: A bill entitled the National Energy Efficiency and Development Tax Act of 1991, introduced in the Senate of the United States, One Hundred Second Congress, First Session, March 21, 1991

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    The bill would amend certain sections of the Internal Revenue Act to provide tax incentives for renewable energy production. Qualified technologies include solar thermal, photovoltaic, wind, geothermal (other than dry steam), and biomass. The bill would also limit exclusion from gross income for parking and allow exclusion for employer subsidies for mass transit and van pooling. A tax credit would be allowed for retrofitting of home oil heaters. The bill would allow exclusion from gross income for energy and water conservation subsidies provided by public utilities. The Safe and Efficient Vehicles Incentive Act of 1991 is included in this bill. The net income limitation on percentage depletion would not apply to oil and gas wells and a crude oil production credit would be available for maintaining economically marginal wells. There is a credit for crude oil and natural gas exploration and development and the intangible drilling costs would be removed from the Alternative Minimum Tax. Several other credits for the petroleum industry are described

  7. Taxes for energy products, electricity and CO2. Consequences of the revision of the Energy Taxation Directive for the Netherlands

    International Nuclear Information System (INIS)

    Blom, M.J.; Schroten, A.; Geurts, F.

    2011-07-01

    Taxes on energy products, electricity and CO2 are compared for a number of EU countries (Germany, Belgium, Denmark, United Kingdom, France, Luxembourg, Spain, Sweden and the Netherlands) with special focus on the fiscal, economic and environmental impacts of the revision of the European Energy Directive for the Netherlands. [nl

  8. Energy demand and energy-related CO2 emissions in Greek manufacturing. Assessing the impact of a carbon tax

    International Nuclear Information System (INIS)

    Floros, Nikolaos; Vlachou, Andriana

    2005-01-01

    The purpose of this paper is to study the demand for energy in two-digit manufacturing sectors of Greece and to evaluate the impact of a carbon tax on energy-related CO 2 emissions. The theoretical model utilized in the analysis is the two-stage translog cost function. The model is estimated using time series data over the period 1982-1998. The results indicate substitutability between electricity and liquid fuels (diesel and mazout), and substitutability between capital, energy and labor. A carbon tax of $50 per tonne of carbon results in a considerable reduction in direct and indirect CO 2 emissions from their 1998 level. This implies that a carbon tax on Greek manufacturing is an environmentally effective policy for mitigating global warming, although a costly one

  9. Papers of a Canadian Institute conference on successfully managing counter party credit risk : fundamentals and essentials for the energy industry

    International Nuclear Information System (INIS)

    2003-01-01

    The main focus of this conference is the management of credit risk for major energy trading and marketing companies. The papers deal with pertinent issues such as the development and implementation of corporate credit risk management policy, credit risk exposure reporting systems, and the quality of ratings in the utility sector. Risk management strategies include quantitative and subjective credit factors, credit scoring, risk mitigation, limit-setting methodologies, measurement of liquidity, capital markets access, portfolio management, and the development of policies, procedures and control. Three presentations were indexed separately for inclusion in the database. refs., tabs., figs

  10. Economic Impacts of the 1997 EU Energy Tax: Simulations with Three EU-Wide Models

    International Nuclear Information System (INIS)

    Jansen, H.; Klaassen, G.

    2000-01-01

    In March 1997 the European Commission adopted a proposal that increases existing minimum levels of taxation on mineral oils by around 10 to 25% and introduces excises for other energy products. This paper analyses the macroeconomic impacts of the proposal. It employs three models: HERMES, GEM-E3, and E3ME. All models confirm that the proposal will have positive macroeconomic impacts when the tax revenues are used to reduce social security contributions paid by employers. For the EU as a whole, both GDP and employment are expected to be higher and CO2 emissions are 0.9 to 1.6 percent lower. The positive EU-wide effects can be observed in practically all member states. The sector impacts are modest, with the energy sector expected to face the most negative impacts. Differences between model results are due to the model type (general equilibrium or macro-econometric), the EU countries covered and the way tax exemptions were handled. Crucial assumptions to obtain the 'double dividend' are the modelling of the labour market and the impacts on EU external trade. The sensitivity of the results for the use of tax revenues, tax exemptions and tax rate increases is assessed. 21 refs

  11. 26 CFR 20.2014-7 - Limitation on credit if a deduction for foreign death taxes is allowed under section 2053(d).

    Science.gov (United States)

    2010-04-01

    ... Country X. The Country X tax imposed was at a 50-percent rate on all beneficiaries. A State inheritance... death taxes is allowed under section 2053(d). 20.2014-7 Section 20.2014-7 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) ESTATE AND GIFT TAXES ESTATE TAX; ESTATES OF...

  12. Expanding wallets and waistlines: the impact of family income on the BMI of women and men eligible for the Earned Income Tax Credit.

    Science.gov (United States)

    Schmeiser, Maximilian D

    2009-11-01

    The rising rate of obesity has reached epidemic proportions and is now one of the most serious public health challenges facing the US. However, the underlying causes for this increase are unclear. This paper examines the effect of family income changes on body mass index (BMI) and obesity using data from the National Longitudinal Survey of Youth 1979 cohort. It does so by using exogenous variation in family income in a sample of low-income women and men. This exogenous variation is obtained from the correlation of their family income with the generosity of state and federal Earned Income Tax Credit (EITC) program benefits. Income is found to significantly raise the BMI and probability of being obese for women with EITC-eligible earnings, and have no appreciable effect for men with EITC-eligible earnings. The results imply that the increase in real family income from 1990 to 2002 explains between 10 and 21% of the increase in sample women's BMI and between 23 and 29% of their increased obesity prevalence. (c) 2009 John Wiley & Sons, Ltd.

  13. Experience gained with energy taxes in Europe - Lessons for Switzerland; Erfahrungen mit Energiesteuern in Europa. Lehren fuer die Schweiz

    Energy Technology Data Exchange (ETDEWEB)

    Peter, M.; Lueckge, H.; Iten, R.; Trageser, J. [Infras, Zuerich (Switzerland); Goerlach, B.; Blobel, D.; Kraemer, A. [Ecologic Institut fuer Internationale und Europaeische Umweltpolitik, Berlin (Germany)

    2007-12-15

    This comprehensive final report for the Swiss Federal Office of Energy (SFOE) takes a look at experience gained with energy taxes in Europe and the lessons that can be learned for Switzerland. The variety of energy and CO{sub 2} taxes that have been introduced in Europe since the early 1990s is reviewed. These are intended to reduce energy consumption and CO{sub 2} emissions and complement conventional mineral oil taxes. Some of these non-fiscal energy and CO{sub 2} taxes that have been created within the scope of the EU directive on energy taxation are examined and commented on, as is their impact on energy consumption. The situation in EU member states is described and commented on. Success-factors and general conditions are examined and conclusions that can be drawn for Switzerland are examined.

  14. On open questions of the coalition agreement. EEG levy, national CO2 levy, electricity tax instead of energy tax?

    International Nuclear Information System (INIS)

    Becker, Peter

    2018-01-01

    The regulations in the coalition agreement on the energy transition and the climate protection is sad: the 2020 climate protection goal is abandoned. At the same time, this makes the German contribution to the Parisian climate change agreement eroded. The goals are only general described, the paths to it must be a commission ''Growth, Structural change and Employment'' as a basis for a law. The statements on the energy revolution disappoint even more. On Proportion of about 65 percent renewable energy (RES) by 2030 is ''desired''. It would be desirable to cover the ''additional Electricity requirements for achieving the climate protection targets in transport, in buildings and in industry''; one senses: they have in fact already dealing with the sector coupling. But that for a sector coupling that allows to achieve the climate protection goals, a doubling of electricity production is necessary, one can do not read anywhere. Although the policy is committed to Power to X; also the deputy Bareiss of the CDU. But that, for example, at Power to gas only reaches about an efficiency of about 30 percent is hardly anyone speaks. An important reason for the non-binding nature of the statements not only the political dissent, but the high complexity of the Material. For example, the connection between the introduction of a CO 2 tax and the electricity or energy taxation not on the hand. Therefore, the attempt should be made, the demands to set up a theses and briefly explain the connections. This post is intended as an invitation to discuss. [de

  15. An Analysis of the Costs, Benefits, and Implications of Different Approaches to Capturing the Value of Renewable Energy Tax Incentives

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark

    2014-04-09

    This report compares the relative costs, benefits, and implications of capturing the value of renewable energy tax benefits in these three different ways – applying them against outside income , carrying them forward in time until they can be fully absorbed internally, or monetizing them through third-party tax equity investors – to see which method is most competitive under various scenarios. It finds that under current law and late-2013 market conditions, monetization makes sense for all but the most tax-efficient project sponsors. In other words, for most project sponsors, bringing in third-party tax equity currently provides net benefits to a project.

  16. Modern money theory and ecological tax reform: A functional finance approach to energy conservation

    Science.gov (United States)

    McConnell, Scott L. B.

    This dissertation contributes to heterodox economics by developing a theoretical and policy-relevant link that will promote the conservation of energy while driving the value of the domestic currency. The analysis relies upon the theoretical foundation of modern money theory and functional finance, which states that "taxes-drive-money" where the value of a sovereign nation's currency is imputed through the acceptance by the sovereign nation of the currency in payment of taxation. This theoretical perspective lends itself to various public policy prescriptions, such as government employment policies or the employer of last resort (ELR), which has been discussed at length elsewhere (Wray 1998; Tcherneva 2007, Forstater 2003). This research contributes to this overall program by arguing that the basis for taxation under modern money theory allows public policy makers various alternatives regarding the make-up of the tax system in place. In particular, following functional finance, taxes do not have the sole purpose of paying for government spending, but rather drive the value of the currency and may be designed to perform other functions as well, such as penalizing socially undesirable behavior. The focus in this dissertation is on the amelioration of pollution and increasing energy conservation. The research question for this dissertation is this: what federally implemented tax would best serve the multiple criteria of 1) driving the value of the currency, 2) promoting energy conservation and 3) ameliorating income and wealth disparities inherent in a monetary production economy? This dissertation provides a suggestion for such a tax that would be part of a much larger overall policy program based upon the tenets of modern money theory and functional finance. Additionally, this research seeks to provide an important theoretical contribution to the emerging Post Keynesian and ecological economics dialog.

  17. Supporting strategies as application of an energy tax

    International Nuclear Information System (INIS)

    Ott, W.; Iten, R.; Dettli, R.

    1999-10-01

    The present interim report is the result of the debates within a working group set up for the preparation of the application of the supporting measures planned in Switzerland by the authorities in order to promote energy conservation and renewable-energy use. The goals and principles to be applied are first presented. The aim of the supporting strategy is to reduce environmental pollution and its follow-up costs; valuable impetus shall be also given to innovation and commercialisation of new products, in order to get a sustainable energy effect along with a contribution to economic development. The system to be built up shall be flexible and evolve according to continuous experience and to market needs. The authors describe for the 5 sectors considered (autonomous energy production units, buildings, electrical appliances, transportation, industry) the supporting models they suggest. They consider then the structures to be built up in order to fulfil the principle of the powers' separation: strategic decisions shall be made by a committee advising the Swiss Federal Office of Energy, whereas the cantons (=regional governments) and the agencies set up by the private industry shall be in charge of the execution of the measures

  18. INTRODUCTION OF TAX TOBINA AT THE FINANCIAL AND CREDIT MARKET IN THE CONDITIONS OF CRISIS OF TRUST TO BANKING SYSTEM OF EUROAREA AND GROWTH OF DEFICIT OF STATE FINANCES

    Directory of Open Access Journals (Sweden)

    T. Kolyada

    2013-07-01

    Full Text Available In the article arguments are analysed in relation to determination of expedience of introduction of Tobin’s tax at the financial and credit market in the conditions of crisis of trust to the banking system of Eurozone and growth of volumes of deficit of state finances, and prognoses are done for adaptation of the Ukrainian banking system to the new operating conditions.

  19. First-Year Evaluation of Mexico’s Tax on Nonessential Energy-Dense Foods: An Observational Study

    Science.gov (United States)

    Rivera, Juan A.; Popkin, Barry M.; Taillie, Lindsey Smith

    2016-01-01

    Background In an effort to prevent continued increases in obesity and diabetes, in January 2014, the Mexican government implemented an 8% tax on nonessential foods with energy density ≥275 kcal/100 g and a peso-per-liter tax on sugar-sweetened beverages (SSBs). Limited rigorous evaluations of food taxes exist worldwide. The objective of this study was to examine changes in volume of taxed and untaxed packaged food purchases in response to these taxes in the entire sample and stratified by socioeconomic status (SES). Methods and Findings This study uses data on household packaged food purchases representative of the Mexican urban population from The Nielsen Company’s Mexico Consumer Panel Services (CPS). We included 6,248 households that participated in the Nielsen CPS in at least 2 mo during 2012–2014; average household follow-up was 32.7 mo. We analyzed the volume of purchases of taxed and untaxed foods from January 2012 to December 2014, using a longitudinal, fixed-effects model that adjusted for preexisting trends to test whether the observed post-tax trend was significantly different from the one expected based on the pre-tax trend. We controlled for household characteristics and contextual factors like minimum salary and unemployment rate. The mean volume of purchases of taxed foods in 2014 changed by -25 g (95% confidence interval = -46, -11) per capita per month, or a 5.1% change beyond what would have been expected based on pre-tax (2012–2013) trends, with no corresponding change in purchases of untaxed foods. Low SES households purchased on average 10.2% less taxed foods than expected (-44 [–72, –16] g per capita per month); medium SES households purchased 5.8% less taxed foods than expected (-28 [–46, –11] g per capita per month), whereas high SES households’ purchases did not change. The main limitations of our findings are the inability to infer causality because the taxes were implemented at the national level (lack of control group

  20. Economic analysis of the energy and carbon tax for the sustainable development

    Energy Technology Data Exchange (ETDEWEB)

    Oh, J.K.; Cho, G.L. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-12-01

    The concept of 'Sustainable Development' has been playing a very important role since seventies. Countries all over the world, whether developed or developing, strive to achieve their economic development in a sustainable way. U.N Conference on Environment and Development held in 1992 at Rio was instrumental in the movement of the sustainable development. Korea is not an exception in this movement as Presidential Commission on Sustainable Development (PCSD) was established in September 2000. The Climate Change occupies the heart of the sustainable development. In response to the urgent need to protect global climate, the U.N. Convention on Climate Change (1992) and the Kyoto Protocol (1997) were adopted. An analysis is required to respond effectively and sustainedly to the issue of climate change. Energy sector is the main contributor to the emissions of greenhouse gases. Consequently, this study aims to analyse the implication of the energy{center_dot}carbon tax for the benefit of present and future generation, its impact on economy, industry, and energy. It also studies new elements related to the differential impact of energy carbon tax on income classes. We developed 'Overlapping Generation Equilibrium model' which consists of eleven industry, three income classes, time span of 100 years. Scenario analysis was performed for the case of the reduction of carbon dioxide emissions by 20 percent in 2010 and afterward in comparison with its 'Business As Usual' path. Three major analysis preformed are as follows: 1. Numerical computation was done on the differential impact of the carbon tax on three income classes. 2. The impact on various generation was calculated. 3. Most importantly, the hypothesis of 'Double Dividend' was tested. This study cautiously concludes that carbon tax recycling by the reduction of the corporate income tax may increase GDP despite the reduction of the emissions of carbon dioxides. The results of this

  1. Harmonization of taxes on energy products within the EEC - problems and prospects

    International Nuclear Information System (INIS)

    Hartmann, J.; Favennec, J.P.

    1992-01-01

    The European Economic Community (EEC) oil and gas market is still a long way from being a single market. The first step, consisting of free movement of refined products, is more or less complete among 9 member countries and should be complete among the 12 by 1993. However the last step involves taxes that differ greatly from one country to another, levied in the form of excise duties, VAT and to a lesser extent parafiscal charges. The Commission has always been aware of the impact of petroleum product taxation on the structure of the common market. As early as 1970 an initial proposal was put forward for harmonization of taxes on the consumption of oil-based fuels. In 1973, a further proposal was extended to cover motor fuels. By 1985 no progress had been achieved and it was not until the Single European Act was ratified that a new impetus occurred. Proposals for harmonizing taxation were made by the Commission in 1987 regarding excise duties and VAT. These proposals were modified - and attenuated - in 1989 and 1991 and a preliminary agreement on excise duties and minimum VAT rates for petroleum products was reached in mid 1991. Energy product taxation in the EEc countries has several factors in common. Taxes on motor fuels are high. Taxes on industrial fuels are much lower and in many cases they are non-existent. But the differences outweigh the similarities. 3 tabs

  2. High tax on high energy dense foods and its effects on the purchase of calories in a supermarket. An experiment.

    Science.gov (United States)

    Nederkoorn, Chantal; Havermans, Remco C; Giesen, Janneke C A H; Jansen, Anita

    2011-06-01

    The present study examined whether a high tax on high calorie dense foods effectively reduces the purchased calories of high energy dense foods in a web based supermarket, and whether this effect is moderated by budget and weight status. 306 participants purchased groceries in a web based supermarket, with an individualized budget based on what they normally spend. Results showed that relative to the no tax condition, the participants in the tax condition bought less calories. The main reduction was found in high energy dense products and in calories from carbohydrates, but not in calories from fat. BMI and budget did not influence the effectiveness of the tax. The reduction in calories occurred regardless of budget or BMI implying that a food tax may be a beneficial tool, along with other measures, in promoting a diet with fewer calories. Copyright © 2011 Elsevier Ltd. All rights reserved.

  3. Does a higher income have positive health effects? Using the earned income tax credit to explore the income-health gradient.

    Science.gov (United States)

    Larrimore, Jeff

    2011-12-01

    The existence of a positive relationship between income and morbidity has been well documented in the literature. But it is unclear whether the relationship is positive because increased income allows individuals to purchase more health inputs that improve their health, because healthy individuals are more productive and thus can earn higher wages in the labor market, or because a third factor is improving health and increasing income. This article explores whether increases in income improve the health of the low-income population. Because health status may affect income, this article uses an "instrumental variable" strategy that considers income variations over seventeen years of changes in the generosity of state and federal Earned Income Tax Credits (EITC, a measure that should be exogenous to health status). I measured health status using both the self-reported health status and the functional limitations indicated on the Survey of Income and Program Participation (SIPP), as well as the self-reported health status indicated on the March Current Population Survey (CPS). I found only limited support for the theory that the relationship between income and morbidity is derived from shifts in income. Although I did observe a correlation between income and self-reported health, I found no evidence that increases in income significantly improve self-reported health statuses. In addition, while increases in income appear to reduce the prevalence of hearing limitations when using corrective measures, these increases did not have a significant effect on most of the other functional limitations considered here. These findings suggest that the ability to improve short-term health outcomes through public transfer payments may be limited. However, the lifetime effects on the health of people with higher incomes would still be a valuable avenue for future research. © 2011 Milbank Memorial Fund.

  4. Comprehensive optimisation of China’s energy prices, taxes and subsidy policies based on the dynamic computable general equilibrium model

    International Nuclear Information System (INIS)

    He, Y.X.; Liu, Y.Y.; Du, M.; Zhang, J.X.; Pang, Y.X.

    2015-01-01

    Highlights: • Energy policy is defined as a complication of energy price, tax and subsidy policies. • The maximisation of total social benefit is the optimised objective. • A more rational carbon tax ranges from 10 to 20 Yuan/ton under the current situation. • The optimal coefficient pricing is more conducive to maximise total social benefit. - Abstract: Under the condition of increasingly serious environmental pollution, rational energy policy plays an important role in the practical significance of energy conservation and emission reduction. This paper defines energy policies as the compilation of energy prices, taxes and subsidy policies. Moreover, it establishes the optimisation model of China’s energy policy based on the dynamic computable general equilibrium model, which maximises the total social benefit, in order to explore the comprehensive influences of a carbon tax, the sales pricing mechanism and the renewable energy fund policy. The results show that when the change rates of gross domestic product and consumer price index are ±2%, ±5% and the renewable energy supply structure ratio is 7%, the more reasonable carbon tax ranges from 10 to 20 Yuan/ton, and the optimal coefficient pricing mechanism is more conducive to the objective of maximising the total social benefit. From the perspective of optimising the overall energy policies, if the upper limit of change rate in consumer price index is 2.2%, the existing renewable energy fund should be improved

  5. The reform of the European energy tax directive: Exploring potential economic impacts in the EU27

    International Nuclear Information System (INIS)

    Rocchi, Paola; Serrano, Mònica; Roca, Jordi

    2014-01-01

    The aim of this study is to analyze the effect that the Energy Tax Directive reform proposed in 2011 would have, if implemented, on the level of prices in the different sectors of the 27 countries of the European Union. We apply a multiregional and multisectoral model of trade flows that takes into account all the intersectoral and intercountry interdependences in the production processes. Using the World Input–Output Database we perform two different simulations. The first one considers the tax changes proposed by the reform; the second one shows the impact the reform would have entailed if it were applied also to sectors belonging to the European Trade System. The main finding of the first simulation shows that the new energy tax regime would have had a low economic cost in terms of impact on prices (less than 1% in all the countries). So, the concerns about competitiveness do not find empirical support in our results, suggesting the need for further analyses to find out the reasons that caused the failure of a reform that was an important step to introduce a taxation explicitly linked to CO 2 emissions. The second simulation, however, leads to strongly different results, pointing out the relevance of maintaining significant economic incentives to reduce carbon emissions for the European Trade System sectors, by improving the emission market performance or by applying carbon taxation also to these sectors. - Highlights: • We analyze the reform of the European energy tax proposed in 2011, rejected in 2012. • We simulate what potential economic effect this reform would have if implemented. • We find that this reform would have weak effects on prices in all 27 EU countries. • We study the effect of the reform if applied to European emission market sectors. • In this second scenario, the economic impacts would have been much stronger

  6. IRS, FERC let more wells receive Sec. 29 credits

    International Nuclear Information System (INIS)

    Lewis, F.W.; Grapentine, T.

    1993-01-01

    Two new ways exist for producers in the U.S. to qualify additional production for federal Sec. 29 nonconventional fuel tax credits. Until now the Federal Energy Regulatory Commission and Internal Revenue Service deadlines had limited eligible production to wells spud or recompleted and filings made under the Natural Gas Policy Act on or before Dec. 31, 1992. Large numbers of producers in many states filed timely NGPA applications seeking federal and state regulatory approval, and currently most producers believe the deadline to apply for Sec. 29 tax credits to have passed. The paper describes several filing exceptions and recommends producer response to the new rules

  7. Real Property Tax - 2016

    Data.gov (United States)

    Montgomery County of Maryland — This data represents all of the County’s residential real estate properties and all of the associated tax charges and credits with that property processed at the...

  8. Real Property Tax - 2017

    Data.gov (United States)

    Montgomery County of Maryland — This data represents all of the County’s residential real estate properties and all of the associated tax charges and credits with that property processed at the...

  9. Reduction of the renewable energy incentives

    International Nuclear Information System (INIS)

    Rigaud, Ch.

    2010-01-01

    In order to reduce the state deficit the French government plans to reduce the financial incentives in all sectors and particularly in the sector of renewable energies. The photovoltaic sector is the most hit with a tax credit rate dropping from 50% (in 2009) to 22.5% (in 2011). For the other renewable energy sectors the tax credit rate will be reduced by 10% in 2011. The French government wants the cost of the tax credit on the renewable energies to drop from 2.8*10 9 euros in 2009 to 2.0*10 9 euros in 2011. (A.C.)

  10. Does a carbon tax make sense in countries with still a high potential for energy efficiency? Comparison between the reducing-emissions effects of carbon tax and energy efficiency measures in the Chilean case

    International Nuclear Information System (INIS)

    Vera, Sonia; Sauma, Enzo

    2015-01-01

    Many countries have not yet successfully decoupled their growth and their energy consumption. Moreover, power production frequently entails a number of negative externalities, like greenhouse gas emissions from thermo electrical units. This situation has highlighted the need for countries to move towards sustainable economic growth. Accordingly, many countries have proposed and established measures to decrease their carbon emissions. In this line, the Chilean government has just passed a carbon tax of $5/Ton CO 2 e. In this work, we compare the effects on reducing CO 2 emissions of this carbon tax and of some energy efficiency measures in the power sector. The results obtained indicate that the imposed carbon tax will produce an expected annual reduction in CO 2 emissions of 1% with respect to the estimated baseline during the 2014–2024 period. However, this reduction will be accompanied by an expected 3.4% increase in the marginal cost of power production on the main Chilean power system. In contrast, the introduction of some energy efficiency measures, aimed to reduce 2% of the power demand of the residential sector, could achieve larger reductions in CO 2 emissions, while simultaneously decreasing energy price. - Highlights: • We estimate CO 2 emission reductions due to a carbon tax and EE measures in Chile. • We simulate the main Chilean power system with diverse levels of carbon tax and EE. • Energy efficiency measures could achieve better results than carbon tax in Chile. • The carbon tax imposed in Chile reduces CO 2 emissions in 1% in the 2014–2024 period. • The carbon tax imposed in Chile increases system marginal cost in 3.4% in 2014–2024

  11. 4842 Sayılı Kanunla Yapılan Düzenlemeler Işığında Yatırım İndirimi Uygulaması ve Ekonomik Etkileri(The Economic Effects of Investment Tax Credits According To Regulations of Law 4842

    Directory of Open Access Journals (Sweden)

    Mehmet ÖZKARA

    2005-01-01

    Full Text Available It is necessary to carry out new investments for developing countries to achieve their economic development and for developed countries to sustain their economic development levels. Therefore, investments can be encouraged by the tax policies. To increase new investments by the tax policy one of the tools that can be used is the investment tax credit. The certain percentage of this investment is deducted from the earnings of investor and the goverment exempts taxes for these earnings. It is argued that investment tax credit policy hastwo effects namely substitution effect and income effect. On the one hand substitution effect assists to direct investment in required fields. On the other hand income effect reduces total cost of entrepreneur capital. Therefore, these effects help to direct total investments to desired fields. Thus, to achieve particular objective investment tax credit policy should be analyzed wery well before it is implemented. In this study economic effects of investment tax credit are examined for the period 1997-2001 in Turkey.

  12. 26 CFR 20.2011-2 - Limitation on credit if a deduction for State death taxes is allowed under section 2053(d).

    Science.gov (United States)

    2010-04-01

    ... son with the direction that the son bear the State death taxes on the bequest. The residuary estate... payable out of the residuary estate. The State imposed death taxes of $60,000 on the son's bequest and... Charitable deduction: Gross estate $925,000.00 Expenses, etc $25,000.00 Bequest to son 400,000.00 State death...

  13. Industrial energy demand and the effect of taxes, agreements and subsidies

    International Nuclear Information System (INIS)

    Bue Bjoerner, T.; Holm Jensen, H.

    2000-10-01

    This report presents an econometric analysis of industrial companies demand for energy. The effect of energy taxes, energy agreements and subsidies to investments in energy efficiency, which have been applied as policy instruments in Denmark since 1993, is also quantified. The econometric analysis is based on an extensive database, which contains information on industrial companies consumption of energy and their value added in a number of years covering the period 1983 to 1997 (information from the years 1983, 1985, 1988, 1990, 1993, 1995, 1996 and 1997 is included). The database has been constructed by combining information from different registers in Statistics Denmark. The database contains information on the majority of all existing industrial companies with more than 20 employees (from 1995 to 1997 primary data on energy consumption were only collected for half the industrial companies with 20-50 employees). The database has a panel (longitudinal) nature, where each industrial company can be followed over time. This makes it possible to compare energy consumption in companies before and after they have been given a subsidy to invest in energy efficiency or entered an energy agreement with the Danish Energy Agency. The econometric analysis utilises the panel nature of the data by relying on so-called fixed effect estimators. (EHS)

  14. CO2 taxes, double dividend and competition in the energy sector: Applications of the Danish CGE model ECOSMEC

    International Nuclear Information System (INIS)

    Goertz, M.; Hansen, J.V.; Larsen, M.

    1999-01-01

    In this paper we develop a new CGE model of the Danish economy with the acronym ECOSMEC (Economic COuncil Simulation Model with Energy markets and Carbon taxation). The model is a hybrid of two existing static models developed by respectively the Secretariat of the Danish Economic Council and by the MobiDK model project in the Ministry of Business and Industry. Distinct features of the ECOSMEC models are a rather disaggregated modelling of energy demand and supply, introduction of various market structures in the energy sector, and a consistent specification of different household types. The simulations presented in the paper have the following implications: Firstly, a uniform CO 2 tax of approximately 300 DKK per ton could reduce emissions by 20 per cent in a scenario with perfect competition in the energy sector. Secondly, a double dividend (reduced emissions and increased welfare) could be gained by using the CO 2 tax revenue for reducing distorting income taxes. However, the double dividend result depends decisively on the applied elasticity of substitution between consumption and leisure. Thirdly, assuming different market structures in the energy sector influences the uniform CO 2 tax needed to reach a given emission target. Fourthly, the empirical aguments for differentiated CO 2 taxes motivated by imperfect energy markets are weak. Fifthly, the Danish economy could benefit from a deregulation of the electricity and district heating sector with respect to welfare and economic activity. This result holds also if CO 2 emissions are kept constant. (au)

  15. Recycling of carbon/energy taxes and the labor market. A general equilibrium analysis for the European Community

    International Nuclear Information System (INIS)

    Welsch, H.

    1996-01-01

    A quantitative assessment of a cost shift from labor to energy by means of a carbon/energy tax is provided. In the analysis a general equilibrium model for the European Community is utilized, focusing on the modelling of labor supply. The importance of the feedback from an induced increase in labor demand to wage formation is highlighted. (It is shown that the goals of C) 2 reduction and improved employment are complementary, provided that the reduction in labor costs, financed by the carbon/energy tax, is not offset by increased wage claims. Under this condition reduced CO 2 is consistent with an increase in GDP. 1 fig., 3 tabs., 17 refs

  16. An Analysis of Tax Buoyancy Rates

    Directory of Open Access Journals (Sweden)

    Farooq Rasheed

    2006-10-01

    Full Text Available By using econometric techniques for estimating tax elasticities, this paper findssignificant but low tax buoyancy rates for GDP, M0 and volume of trade. Surprisingly,the theoretically important factor of tax evasion (SFTR was found to be ineffective. Thisindicates that SFTR is not an adequate measure of tax evasion. There is no significantassociation between tax revenue growth and investment, credit, public debt and inflation.This illustrates the weakness of the tax regime in Pakistan.

  17. The Impact of Energy taxes on Competitiveness and Output: A Panel Regression Study of 56 European Industry Sectors

    DEFF Research Database (Denmark)

    Enevoldsen, Martin K.; Andersen, Mikael Skou

    2008-01-01

    The focus of this paper is the extent to which energy taxes - via the resulting increase in real energy prices, or in their own right - reduce or enhance industrial competitiveness. From a panel data set covering 56 industry sectors throughout Europe over the period 1990-2003, we estimate how cha...

  18. Economy wide emission impacts of carbon and energy tax in electricity supply industry: A case study on Sri Lanka

    Energy Technology Data Exchange (ETDEWEB)

    Siriwardena, K.; Wijayatunga, P.D.C.; Fernando, W.J.L.S.; Attalage, R.A. [Sri Lanka Energy Managers Association, 29, Fairfield Gardens, Colombo 8 (Sri Lanka); Shrestha, R.M. [Asian Institute of Technology, PO Box 4, Klong Luang, Pathumthani 12120 (Thailand)

    2007-07-15

    This paper presents the results and analysis of a study conducted with the objective of investigating the impact on economy wide emissions due to carbon and energy taxes levied within the electricity generation sector of Sri Lanka. This exercise is mainly based on the input-output table developed by the national planning department. An input-output decomposition technique is used to analyze four types of effects that contribute to the overall reduction in equivalent carbon, NO{sub x} and SO{sub 2} emissions. These four effects are: fuel mix effect (i.e. the change in emissions due to variation I fuel mix), structural effect (i.e. change in emissions due to changes in technological coefficients with taxes compared to that without taxes), final demand effect (i.e. the change in emissions associated with changes in final demand) and joint effect (i.e. the interactive effect between or among the fuel mix, structural and final demand effects). The polluting fuel sources and low energy efficiency generation technologies are less preferred under these tax regimes. Of the four effects, a change in fuel mix in thermal electricity generation and a change final demand for electricity were found to be the main contributors in achieving economy wide emission reductions. It was found in the analysis that a minimum of US$ 50/tC tax or US$ 1.0/MBtu of energy tax is required to have a significant impact on economy wide emissions in the Sri Lankan context. This translates into an overall increase in electricity generation cost of approximately USCts 0.9 kW{sup -1} h{sup -1} and USCts 0.6 kW{sup -1} h{sup -1} under the carbon and energy tax regimes, respectively. The reduction in emissions is also strongly coupled with the value of the price elasticity of electricity. (author)

  19. How would a flat tax affect small businesses?

    OpenAIRE

    John E. Golob

    1996-01-01

    The U.S. Congress is considering several strategies to reform the federal income tax system. The most widely discussed strategy, a flat tax, would tax income received by businesses and individuals at the same low, flat rate. Flat tax proposals would eliminate most tax deductions and tax credits but would increase the personal exemption for individual taxpayers. While the debate continues over whether a flat tax would be fair to individual taxpayers, assessing the effect of a flat tax on econo...

  20. Effects of the provisions of the corporate and personal income tax codes on solar investment decisions

    Science.gov (United States)

    Sedmak, M. R.

    The effects of the provisions of the existing corporate and personal income tax codes on solar investment decisions are analyzed. It is shown that the provisions of a tax code do not discriminate against investment in solar technologies if the present value of depreciation and interest expense tax deductions over the relevant decision period is equal to the present value of actual capital expenses. However, on the basis of a quantitative analyses, it is concluded that the existing corporate income tax code does discriminate against solar investments for the majority of corporations, although the 25 percent tax credit available to businesses for solar investments is sufficient to alleviate the distortion in most cases. In contrast, the provisions of the existing personal income tax code favor solar investments over investments in less capital intensive energy generating units, as the interest paid on loads used to finance solar investments made by individuals is tax deductible, while conventional fuel expenses are not deductible.

  1. Credits/exemptions for clean energy exports in the context of a Canadian GHG strategy

    International Nuclear Information System (INIS)

    Hyndman, R.

    2002-01-01

    Greenhouse gas emissions is a global issue because the effect of a tonne of carbon dioxide emissions is independent of where it occurs, or during which stage or production, distribution and final use of a given product. International trade complicates the relationship between the final use of goods and where the emissions associated with their production and distribution occur. Besides the large bilateral trade with the US in automobiles and parts, Canada's exports lean largely toward energy intensive commodities such as oil, gas, chemicals, steel, pulp and paper, and aluminum. In consequence, there is a high volume of greenhouse gas emissions in Canada associated with goods produced for consumption elsewhere. Under the Kyoto Protocol, this growing export of energy intensive goods, creates a greenhouse gas inventory burden for Canadians. The author noted that the Kyoto Protocol greenhouse gas accounting system attributes upstream emissions to the exporter. It was argued that since Canada's natural gas exports to the United States reduce their coal consumption for electricity generation and fuel oil for industrial boilers, Canada should have its greenhouse gas inventory adjusted through either a credit for clean energy exports or through exemption of upstream emissions. 7 figs

  2. Energy Taxes as a Signaling Device: An Empirical Analysis of Consumer Preferences

    OpenAIRE

    Ghalwash, Tarek

    2004-01-01

    This paper presents an econometric study dealing with household demand in Sweden. The main objective is to empirically examine the differences in consumer reaction to the introduction of, or the change, in environmental taxes. Main focus is on environmental taxes as a signaling device. The hypothesis is that the introduction of an environmental tax provides new information about the properties of the directly taxed goods. This in turn may affect consumer preferences for these goods, hence alt...

  3. Environmental taxes in 2008

    International Nuclear Information System (INIS)

    2011-01-01

    This report briefly presents and comments the amount of environmental taxes which have been collected in France in 2008. These taxes comprise energy taxes (nearly 68 per cent), transport taxes (nearly 28 per cent) and pollution and resource taxes (less than 5 per cent), and represent 2 per cent of the French GDP and 5 per cent of mandatory contributions. The share of environmental taxes is compared among the European Union countries. This shows that France is close to the average. It also appears that these taxes evolve slower than the GDP. An indicator is built up and commented: it relates the rate between energy taxes and the GDP on the one hand, and energy consumption on the other hand. This indicator displays a slow but significant decrease since the end of the last century

  4. Redistributing environmental tax revenue to reduce poverty in South Africa: The cases of energy and water

    Directory of Open Access Journals (Sweden)

    JH Van Heerden

    2014-05-01

    Full Text Available South Africa, as an upper middle-income, resource-intensive developing country with an open economy, has to find innovative ways to combat poverty, promote economic growth and reduce the intensity of resource use, simultaneously.  One option is to explore the plausibility of achieving a double dividend by levying a tax on water and energy and recycling the revenue back to the economy by allowing for a reduction in other forms of taxation.  According to the double dividend theory it is possible, under some conditions, to achieve both environmental and economic objectives.  We investigated such a possibility in the South African economy using an integrated economy/environment CGE model and found that it is indeed possible to achieve such double dividend benefits.  Given the prevailing economic and environmental contexts, government should actively search for ways to achieve such dividends.

  5. The effect of fossil energy and other environmental taxes on profit incentives for change in an open economy: Evidence from the UK

    International Nuclear Information System (INIS)

    Webster, Allan; Ayatakshi, Sukanya

    2013-01-01

    This paper argues that the underlying supply and demand analysis of fossil energy and other environmental taxes needs further elaboration when a country (a) introduces national fossil energy or environmental taxes and (b) is open to international trade at given world prices. We provide evidence that such conditions are plausible for many sectors in the UK. A key implication is that the short run effects of such taxes should not be felt in final good prices, since these are determined in world markets, but in terms of underlying profitability. These changes in underlying profits provide two key incentives for producers—to change to more environmentally friendly production techniques and to switch resources to production of less environmentally harmful goods. Using input—output techniques we provide evidence for the UK to show how existing fossil energy and other “green” taxes have affected underlying profitability. The evidence shows quite strong profit incentives to shift resources from a small number of energy intensive industries to others. - Highlights: • Energy taxes affect profits more than prices for sectors trading at world prices. • This study suggests that many sectors in the UK satisfy these conditions. • Our evidence suggests that few sectors are strongly affected by energy taxes. • Energy taxes have a strong effect relative to other possible environmental taxes

  6. 47 CFR 32.22 - Comprehensive interperiod tax allocation.

    Science.gov (United States)

    2010-10-01

    ...) Companies that receive the tax benefits from the filing of a consolidated income tax return by the parent... of the gross deferred income tax expense debits or credits during any calendar year over the life of... Taxes; 4110, Net Current Deferred Nonoperating Income Taxes; 4340, Net Noncurrent Deferred Operating...

  7. Report on the Study of the Tax and Rate Treatment of Renewable Energy Projects

    International Nuclear Information System (INIS)

    Hadley, S.W.

    1993-01-01

    This study was conducted in response to Section 1205 of the Energy Policy Act of 1992 (EPACT), requiring the U.S. Department of Energy in conjunction with state regulatory commissions to determine if conventional tax measures and ratemaking procedures provide economic barriers to or incentives for the adoption of renewable electric generating plants compared to conventional ones. For this study, we defined barriers and incentives in terms of financial criteria used by investor-owned utilities (IOUs) and nonutility electricity generators (NUGs) when making decisions on technologies for new generating plants. For IOUs, the major criterion used was the levelized cost of producing power over the useful life of the technology. For NUGs, the major criterion used was the internal rate of return. Clearly, there are many factors outside the scope of this study that relate to the decisionmaking process of IOUs and NUGs. This study to determine barriers and incentives does not attempt to determine which technologies would most likely be adopted by IOUs and NUGs. Technologies are only cost (in)effective relative to a given power system and its set of internal and external conditions. Other technology-related factors such as availability, dispatchability, diversity, and reliability of generating alternatives are also considered in the decisionmaking process used by IOUs and NUGs. The results of this study show only the relative impact of certain tax measures and ratemaking procedures on financial criteria that IOUs and NUGs use as inputs to make technology-adoption decisions. Where these tax measures and ratemaking procedures provide incentives for an alternative, they increase the likelihood that the alternative will be selected by IOUs or NUGs when making generating-resource decisions. In quantifying the parameters of the seven renewable and four conventional generating options studied, we used today's ''conventional wisdom'' on the values of variables defining the

  8. Primer on Motor Fuel Excise Taxes and the Role of Alternative Fuels and Energy Efficient Vehicles

    Energy Technology Data Exchange (ETDEWEB)

    Schroeder, Alex [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2015-08-26

    Motor fuel taxes were established to finance our nation’s transportation infrastructure, yet evolving economic, political, and technological influences are constraining this ability. At the federal level, the Highway Trust Fund (HTF), which is primarily funded by motor fuel taxes, has become increasingly dependent on general fund contributions and short-term reauthorizations to prevent insolvency. As a result, there are discussions at both the federal and state levels in which stakeholders are examining the future of motor fuel excise taxes as well as the role of electric and alternative fuel vehicles in that future. On July 1, 2015, six states increased their motor fuel tax rates.

  9. Energy Savings Modeling and Inspection Guidelines for Commercial Building Federal Tax Deductions for Buildings in 2016 and Later

    Energy Technology Data Exchange (ETDEWEB)

    Deru, Michael [National Renewable Energy Lab. (NREL), Golden, CO (United States); Field-Macumber, Kristin [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-09-01

    This document provides guidance for modeling and inspecting energy-efficient property in commercial buildings for certification of the energy and power cost savings related to Section 179D of the Internal Revenue Code (IRC) enacted in Section 1331 of the 2005 Energy Policy Act (EPAct) of 2005, noted in Internal Revenue Service (IRS) Notices 2006-52 (IRS 2006), 2008-40 (IRS 2008) and 2012-26 (IRS 2012), and updated by the Protecting Americans from Tax Hikes (PATH) Act of 2015. Specifically, Section 179D provides federal tax deductions for energy-efficient property related to a commercial building's envelope; interior lighting; heating, ventilating, and air conditioning (HVAC); and service hot water (SHW) systems. This document applies to buildings placed in service on or after January 1, 2016.

  10. Role of embodied energy in the European manufacturing industry: Application to short-term impacts of a carbon tax

    International Nuclear Information System (INIS)

    Bordigoni, Mathieu; Hita, Alain; Le Blanc, Gilles

    2012-01-01

    Role of energy in the manufacturing industry is a major concern for energy and environmental policy design. Issues like energy prices, security of supply and carbon mitigation are often connected to the industry and its competitiveness. This paper examines the role and consequences of embodied energy in the European industry. To this end, a multi-regional input–output analysis including 59 industrial sectors for all European Union countries and 17 more aggregated industries for other regions of the World is developed. Other segments of the economy are not included. This base is combined with energy consumption, carbon emission as well as bilateral trade data for every sector in all included countries. Our main result is that embodied energy in manufactured products' imports represents a significant aspect of the energy situation in European industries, with quantities close to the direct energy consumption. These flows can further be broken down for detailed analysis at the sector level thanks to the number of distinct industries included. Results demonstrate that an important part of embodied energy inside European products is not concerned with domestic energy price changes. In addition, a European-wide carbon tax would induce an unbalanced burden on industries and countries. - Highlights: ► We calculate embodied energy and carbon flows in the European and World industry. ► A multi-regional input–output analysis is used with a detailed nomenclature. ► National industries' energy prices dependence is a domestic issue. ► With a European carbon tax energy-intensive industries would be penalised. ► Such a tax may also induce competition distortion among EU countries.

  11. Dedicating new real estate transfer taxes for energy efficiency: A revenue option for scaling up Green Retrofit Programs

    International Nuclear Information System (INIS)

    Lester, T. William

    2013-01-01

    As the labor market in the U.S. remains weak, with high unemployment and sluggish job growth, policymakers at various levels of government are looking for new ways to support job growth and investment during an increasingly tight fiscal climate. Policies that promote the “Green Economy” in general and energy efficiency in particular remain politically popular as potential win–win solutions that will create jobs and curb greenhouse gas emissions. Yet, efforts to promote energy efficiency in the residential sector through rebates and incentives alone have yet to reach critical mass. This paper outlines a policy option for state and local governments to use real estate transfer taxes to generate stronger incentives for home buyers to undertake significant retrofit projects at the time of sale. The economic impact of the proposed energy efficiency transfer tax (EETT) is then modeled for the State of North Carolina, using standard input–output techniques. Ultimately, based on housing sales figures from 2010, a new EETT of 2.5 percent on home purchases would generate a net positive increase of approximately 3485 direct construction jobs and 5900 annually total jobs for the state. -- Highlights: •Proposes an Energy Efficiency Transfer Tax (EETT) to catalyze residential retrofits. •Models household behavioral response to an EETT. •Estimates induced energy efficiency investment levels in North Carolina. •Calculates net employment impacts of a hypothetical EETT. •Finds net impact of 5900 jobs and over $350 million in additional investment

  12. Taxation of credit unions in Ukraine

    Directory of Open Access Journals (Sweden)

    Оксана Георгіївна Волкова

    2015-10-01

    Full Text Available The article deals with the issues of income taxation of credit unions in Ukraine by the tax on profits of enterprises and tax of revenues of their members accrued on the interest of contributions (deposits on deposit accounts and mutual funds the tax to incomes of physical persons. The consequences of the influence of tax rules on capitalization of unions and the level of their financial support is defined

  13. Tax reform for low-wage workers.

    Science.gov (United States)

    Seipel, M M

    2000-01-01

    As a result of the recent implementation of work-oriented antipoverty programs, more welfare recipients can be expected to be working in low-wage jobs. With these jobs there is little hope that these workers' incomes will rise above the poverty level. One way to help support these low-wage workers is through tax reform. Although low-wage workers pay little or no federal tax, they still pay high payroll and local taxes. To help such workers keep more of their earnings, refundable taxes like earned income tax credit and child refund taxes should be expanded, and sales taxes on food should be eliminated.

  14. A taxing environment: evaluating the multiple objectives of environmental taxes.

    Science.gov (United States)

    Miranda, Marie Lynn; Hale, Brack W

    2002-12-15

    Environmental taxes have attracted attention in recent years as a tool to internalize environmental externalities. This paper evaluates Sweden's experience with environmental taxes in the energy sector by examining how environmental taxes compare with estimated environmental externalities associated with the use of oil, coal, natural gas, and forest residue fuels. We also analyze how environmental taxes influence fuel choices in the energy sector by comparing the production, environmental, and tax costs for the same fuels. We find that (i) the Swedish environmental taxes correspond imperfectly with environmental costs; (ii) the Swedish tax and subsidy system introduces changes in fuel choice decisions; (iii) the energy users are responding to the incentives created by the tax and subsidy systems in ways that are consistent with economic theory; and (iv) the Swedish experience with environmental taxes and subsidies bears directly on wider evaluations of energy policy approaches internationally.

  15. 26 CFR 20.2014-5 - Proof of credit.

    Science.gov (United States)

    2010-04-01

    ... each inheritance or succession tax. (c) In addition to the information required under paragraphs (a... Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) ESTATE AND GIFT TAXES ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954 Credits Against Tax § 20.2014-5 Proof of...

  16. Effects of the 2011 energy tax reform to the Finnish national economy; Vuoden 2011 energiaverouudistuksen kansantaloudelliset vaikutukset

    Energy Technology Data Exchange (ETDEWEB)

    Honkatukia, J.; Tamminen, S.

    2013-05-15

    In this report, we use a dynamic AGE model to study the effects of the energy tax reform that took place in 2011 and is to be completed by 2015. We construct a counterfactual baseline which evaluates, how the economy would develop had the reform not been implemented. We find that the reform curbs domestic consumption and pushes domestic wages down compared to the baseline, improving the country's external balance. We also study the effects of the 2009 removal of a part of the employers' social security contributions, which the energy tax reform was intended to finance. The 2009 reform increased overall labour demand, resulting in higher wages and higher domestic demand, which had the opposite effects on external balance. (orig.)

  17. 47 CFR 32.7400 - Nonoperating taxes.

    Science.gov (United States)

    2010-10-01

    ... computing book depreciation on the property with respect to which the tax credits relate. (c) This account... 47 Telecommunication 2 2010-10-01 2010-10-01 false Nonoperating taxes. 32.7400 Section 32.7400... FOR TELECOMMUNICATIONS COMPANIES Instructions For Other Income Accounts § 32.7400 Nonoperating taxes...

  18. Energy policies in a macroeconomic model: an analysis of energy taxes when oil prices decline

    International Nuclear Information System (INIS)

    Capros, P.; Karadeloglou, P.; Mentzas, G.

    1992-01-01

    This paper attempts an analysis of energy and macroeconomic policy issues in oil-importing countries within the context of decreasing oil prices and macroeconomic modelling. A medium-term perspective is retained and the assumption is made that the economy experiences unemployment and excess capacity when the price declines. The analysis excludes any response elements that refer to long-term equilibria, optimum allocation of resources or welfare characterization of results which should be dealt with within the context of price adjusted equilibrium models. This paper adopts the approach of quantity adjusted neo-Keynesian macroeconomic models. The paper also inquires into the macroeconomic models currently used by the Commission of the European Communities. The analysis is carried out using the HGRV model which is a large-scale neo-Keynesian multisectoral macroeconomic model of the Greek economy. (UK)

  19. Environmental taxes and subsidies 2002

    International Nuclear Information System (INIS)

    Anon.

    2003-01-01

    The statistics presents statements of environmental taxes for the period 1970 - 2002 and statements of environmentally related subsidies for the years 1996 - 2002. Environmental taxes are a concept for pollution, energy, transportation, and resource related taxes. The State's revenue from environmental taxes have increased from 4,0 billions DKK in 1970 to 65,7 billions DKK in 2002. The environmental taxes' part of the GNP has increased from 3,2 % in 1970 to 4,8 % in 2002. The part of the environmental taxes of the total taxes and tariffs has increased from 8,2 % in 1970 to 9,8 % in 2002. >From 2001 to 2002 the environmental taxes increased with 5,6 %, primarily because the taxes in the transportation sector increased with 13,5 % due to more new cars. The pollution taxes increased with 6 % while the environmental taxes for energy increased with only 0,8 %. In 2002 the energy related taxes amounted to 54 %, the transport related taxes to 39 %, and pollution and resource related taxes amounted to 7 % of the total environmental taxes. The public environmentally related subsidies to companies and households has been on a stable level of a little more than 10 billions DKK through the latest years. The energy related subsidies have, however, been transferred to transport related subsidies, i.e. primarily subsidies to the public transport. (ln)

  20. 75 FR 64621 - Energy Conservation Program for Consumer Products: Test Procedures for Residential Furnaces and...

    Science.gov (United States)

    2010-10-20

    ... Public Gas Association (APGA) were supportive of the integrating concept. However, while these entities... furnace fans for the purposes of tax credits. Adding standby mode and off mode energy consumption to the E...

  1. National Emission Standards for Hazardous Air Pollutants (NESHAP) for Major Sources: Industrial, Commercial, and Institutional Boilers - Guidance for Calculating Emission Credits Resulting from Implementation of Energy Conservation Measures

    Science.gov (United States)

    The purpose of this July 2012 document is to provide guidance for developing a consistent approach to documenting efficiency credits generated from energy conservation measures in the Implementation Plan for boilers covered by the Boiler MACT rule.

  2. Energy conservation, energy efficiency and energy savings regulatory hypotheses - taxation, subsidies and underlying economics

    Energy Technology Data Exchange (ETDEWEB)

    Trumpy, T. [International Legal Counsel, Brussels (Belgium)

    1995-12-01

    More efficient use of energy resources can be promoted by various regulatory means, i.e., taxation, subsidies, and pricing. Various incentives can be provided by income and revenue tax breaks-deductible energy audit fees, energy saving investment credits, breaks for energy saving entrepreneurs, and energy savings accounts run through utility accounts. Value added and excise taxes can also be adjusted to reward energy saving investments and energy saving entrepreneurial activity. Incentives can be provided in the form of cash refunds, including trade-in-and-scrap programs and reimbursements or subsidies on audit costs and liability insurance. Pricing incentives include lower rates for less energy use, prepayment of deposit related to peak load use, electronically dispatched multiple tariffs, savings credits based on prior peak use, and subsidized {open_quotes}leasing{close_quotes} of more efficient appliances and lights. Credits, with an emphasis on pooling small loans, and 5-year energy savings contracts are also discussed.

  3. Agevolazioni fiscali e creditizie per lo sviluppo industriale dell'Italia meridionale. (Tax and credit aids to industrial development in Southern Italy

    Directory of Open Access Journals (Sweden)

    G. ACKLEY

    2014-07-01

    Full Text Available The large population and the limited resources of soil and climate appear to make industrialisation a necessary ingredient of any true solution to Italy’s “Southern problem”. Whether correct or not, this conclusion is embodied in Italian economic policy. The purpose of the present article is not to evaluate the whole program for industrialisation, but rather only one small part of it, the special aids in the fields of taxation and credit which attempt to provide rather specific additional profit incentives in favour of Southern as opposed to Northern industrial investment. After a brief description of these provisions, and a general analysis of their effects, the authors attempt, through a series of hypothetical but realistic examples, to assess their quantitative importance and to understand to what extent they affect the profit margins on potential Southern investment.JEL: L52, O14, O25, O52

  4. 26 CFR 1.37-1 - General rules for the credit for the elderly.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true General rules for the credit for the elderly. 1... INCOME TAXES Credits Against Tax § 1.37-1 General rules for the credit for the elderly. (a) In general... computation of the credit for the elderly provided under section 37 for taxable years beginning after 1975...

  5. Energy tax harmonization in the European Union: a proposal based on the internalization of environmental external costs

    International Nuclear Information System (INIS)

    Dorigoni, S.; Gulli, F.

    2002-01-01

    Energy tax harmonization is a crucial step towards the creation of a single market. In this article the possibility of achieving such an objective is discussed. The paper consists of two sections. In the first the European taxation on energy products is analysed. This analysis is useful in showing the differences that exist between the European countries that account for the difficulties met so far in the process of harmonization. In this respect we comment on the recent proposal of the Directive of the European Union, which lays down the obligation of minimum levels of taxation in all European member states. In the second section, after simulating the effects related to the adoption of a common environmental taxation (a first best solution based on the internalization of environmental external costs), we propose, as a second best solution, an excise tax harmonization model taking into consideration the specificity of each country and being, as far as possible, coherent with the environmental objective. This model proposes: the introduction of a minimum level of taxation on all products equal to the external cost due to the greenhouse effect (a common carbon tax); the possibility, given to the member states, of deviating from such minimum levels, in accordance with their specific requirements, internalizing in the price of the different products, by means of taxes additional to that CO 2 minimum, the external costs associated with other pollutant agents (the same in all countries); the opportunity, in case it should be necessary to exceed the entire external cost, for the member states to apply increases that are in accordance with the environmental objective. (author)

  6. Distributional consequences of environmental taxes

    International Nuclear Information System (INIS)

    Klinge Jacobsen, H.; Birr-Pedersen, K.; Wier, M.

    2001-11-01

    Environmental taxes imposed on households have been introduced in many countries. However, few countries have reached the level of environmental taxation that is seen in Denmark today, although many are considering shifting the tax burden towards the consumption that is harming the environment. The total tax burden imposed on households in Denmark in the form of taxes on energy use of all kinds, water consumption and waste production, etc., is considerable. This paper analyses the individual taxes as well as the combination of all these taxes and duties related to environmental concerns, including taxes on heating, transport fuels, electricity, water, waste, plastic bags, registration of cars, annual car use, pesticides, etc. The distributional effect of taxes is examined in relation to household income, socio-economic class, residential location and family status. The shifting of the tax structure from high marginal income tax to consumption-based taxes, especially environmental taxes, might have distributional impacts amongst income groups which have not been considered part of the tax policy. The taxes are compared with respect to distributional impact. Do the effects of the different taxes vary to such an extent that this should be considered when designing tax policies? The hypothesis is that some environmental taxes associated with luxury income are less regressive than the average environmental tax. The results suggest that in Denmark taxes on petrol and registration duties for cars are progressive, whereas most other environmental taxes are regressive, especially the green taxes on water, retail containers and CO 2 . The distributional impacts are illustrated using household consumption survey data and data covering household expenditures on energy. The energy taxes and the more recently introduced green taxes are compared. The project is combining the direct and the indirect effect of taxes. The direct effect considers the taxes imposed directly on

  7. Areas of improvement of tax adjustment of industrial enterprises

    Directory of Open Access Journals (Sweden)

    Abramova Olha

    2016-03-01

    Full Text Available This article summarizes the scientific approaches and practical experience in theoretical and institutional framework of fiscal management industry. The basic problems in the fiscal management system, the tax regulation methods of large taxpayers are shown. Opportunity is grounded to stimulate the enterprises activity in the directions of tax rates differentiation, tax exemptions and tax credit.

  8. 85 THE PIONEER INCOME TAX RELIEF AS AN INVESTMENT ...

    African Journals Online (AJOL)

    Eliminating double taxation through the granting of credit for taxes paid by a. Nigerian company in the country. ii. The protection of tax incentive legislations of the government which would otherwise be nullified by the tax measures of the other country. iii. The creation of stable tax regime which a prospective investor can rely ...

  9. Impact of recent Federal tax and R and D initiatives on enhanced oil recovery

    International Nuclear Information System (INIS)

    Brashear, J.P.; Biglarbigi, K.; Ray, M.R.

    1991-01-01

    The National Energy Strategy contains two major elements designed to increase oil production from known reservoirs in the contiguous United States: (1) a tax credit for specific investment and injectant costs for qualified enhanced oil recovery (EOR) projects; and (2) a highly focused, public-private cooperative R ampersand D program. Both are currently being implemented by the Department of the Treasury and the Department of Energy, respectively. The present paper estimates the potential reserve additions and impacts on public treasuries at oil prices between $22 and $34/Bbl. The new Federal tax credit, alone, could doubler current proved EOR reserves at oil prices in the $22/Bbl range and increase them by about one-third at prices in the $30/Bbl range. The effect of technology advances alone could also about double EOR reserves at these prices. The combination of technology advances and the tax incentive synergistically amplifies the effects on potential EOR reserves

  10. Tax corrections at the external borders of the European Community at the implementation of an energy levy: An inventory

    International Nuclear Information System (INIS)

    De Wit, G.

    1993-09-01

    There are several methods to implement an energy levy in the European Union without having a negative impact on the competitive position of energy-intensive industries and businesses in the EU: (1) a worldwide energy levy; (2) partly exemption of energy-intensive industries or businesses in the EU; and (3) an import levy on energy-intensive products from outside the EU, and refunds for industries and businesses in the EU for paid energy levies on products, exported to countries outside the EU. The third option is investigated in this report for two variants: the input variant (levy only on primary energy sources) and the output variant (levies on all the energy-intensive products). Energy-intensive products discussed in this report are energy carriers, food products, paper and board, chemical and synthetic products, ceramic products, and primary products of the metal industry. Attention is paid to the practical execution, the extent to which such a levy can be enforced, and its relation with the GATT. Finally, the advantages and disadvantages of the two variants with tax corrections at the external borders are discussed in relation with the first two options (1) and (2) to guarantee the competitive position of energy-intensive industries and businesses. 4 tabs., 2 appendices, 30 refs

  11. An assessment of the energy tax burden on the Philippine economy

    International Nuclear Information System (INIS)

    Uri, N.D.; Boyd, Roy

    1993-01-01

    This paper uses an aggregate modelling approach to assess the impacts of a redistribution of the taxes and duties that currently exist on crude oil and refined petroleum products in the Philippine economy. The approach used in the analysis consists of a general equilibrium model composed of fourteen producing sectors, fourteen consuming sectors, three household categories classified by income and a government. The effects of replacing the taxes and duties on crude oil and refined petroleum products with a more broad-based tax on manufacturing and service sectors output on prices and quantities are examined. The results are revealing. For example, the consequences of redistributing the tax burden away from petroleum products to the manufacturing and service sectors of the Philippine economy would be an increase in output by all producing sectors of about 3.5% or about 2.4 hundred billion Philippine pesos, a rise in the consumption of goods and services by about 6.1% or 1.6 hundred billion Philippine pesos, a rise in total utility by 6.9% or 1.9 hundred billion Philippine pesos and virtually no change in tax revenue for the government. When subjected to a sensitivity analysis, the results are reasonably robust with regard to the assumption of the values of the substitution elasticities. That is, while the model's equilibrium values do vary in response to different assumptions of the values of these elasticities, the fluctuations are not so enormous to suggest that the model is unrealistically sensitive to these parameters. (author)

  12. CO2 Tax or Fee as a Single Economic Instrument for Climate Protection Policy Promoting Renewable Energy Sources and Enhancing Energy Efficiency

    International Nuclear Information System (INIS)

    Granic, G.; Horvath, L.; Jelavic, B.; Juric, Z.; Kulisic, B.; Vuk, B.

    2013-01-01

    This paper presents the analysis of the current implementation of the policy to reduce CO 2 emissions through four practically independent processes: energy market, emission market, support for renewable energy sources through feed-in tariffs (FIT) and support scheme for enhancing energy efficiency. The conclusion is that in this system, some elements of which appear to be controversial, it is not possible to reach the goal - a radical reduction of CO 2 emissions by 80% in total and 95% in electricity production until 2050, which the EU has set as emission reduction targets for this period. Therefore, a new system is now proposed that is based on a single objective function, CO 2 emissions. The process would be managed through taxes or fees on CO 2 , while the raised revenues would be returned to projects aimed at reducing CO 2 emissions, projects for enhancing energy efficiency, renewable energy sources projects and projects reducing emissions from fossil fuels. The paper outlines the basis of the concept of CO 2 tax or fee as a key measure to stimulate the lowering of emissions and gives an analysis of the impact of different rates of tax or fee on CO 2 emissions on the energy price. A critical analysis of the new model's impact on development of renewable energy sources and on improving energy efficiency in buildings was carried out. Also, there is an analysis of the impact of the new model on transport development. The introduction of the new model should clear the energy market from administrative limitations and privileged positions of renewable sources and should bring all back in the frame of market economy, no matter what source of energy for production of electricity we are dealing with. One limitation to the new model is translation of the current situation in to the new system, especially in the field of renewable energy sources and their protected position under the already concluded long-term contracts. The paper also elaborates the basis for the

  13. Cost-Sharing Contracts for Energy Saving and Emissions Reduction of a Supply Chain under the Conditions of Government Subsidies and a Carbon Tax

    Directory of Open Access Journals (Sweden)

    Yi Yuyin

    2018-03-01

    Full Text Available To study the cooperation of upstream and downstream enterprises of a supply chain in energy saving and emissions reduction, we establish a Stackelberg game model. The retailer moves first to decide a cost-sharing contract, then the manufacturer determines the energy-saving level, carbon-emission level, and wholesale price successively. In the end, the retailer determines the retail price. As a regulation, the government provides subsidies for energy-saving products, while imposing a carbon tax on the carbon emitted. The results show that (1 both the energy-saving cost-sharing (ECS and the carbon emissions reduction cost-sharing (CCS contracts are not the dominant strategy of the two parties by which they can facilitate energy savings and emissions reductions; (2 compared with single cost-sharing contracts, the bivariate cost-sharing (BCS contract for energy saving and emissions reduction is superior, although it still cannot realise prefect coordination of the supply chain; (3 government subsidy and carbon tax policies can promote the cooperation of both the upstream and downstream enterprises of the supply chain—a subsidy policy can always drive energy saving and emissions reductions, while a carbon tax policy does not always exert positive effects, as it depends on the initial level of pollution and the level of carbon tax; and (4 the subsidy policy reduces the coordination efficiency of the supply chain, while the influences of carbon tax policy upon the coordination efficiency relies on the initial carbon-emission level.

  14. DOD Purchase of Renewable Energy Credits Under the National Defense Authorization Act of 2012

    Science.gov (United States)

    2012-11-27

    The Energy Policy Act (EPAct) of 2005 established renewable energy goals for federal government agencies. The National Defense Authorization Act for...Fiscal Year 2012 directs the Secretary of Defense to establish a policy to maximize savings for the bulk purchase of replacement renewable energy certificates...in connection with the development of facility energy projects using renewable energy sources. This requires that each service purchase

  15. Energy and the global warming issue in developing countries: analyzing the incidence of the fuel carbon tax and its policy implications

    International Nuclear Information System (INIS)

    Siddayao, C.M.; Percebois, J.R.

    1992-01-01

    By changing the natural environment, energy resource use has repercussions for human welfare. So do policies that are proposed to deal with concerns over global climate warming, particularly with respect to carbon dioxide (CO 2 ). Among the major policy options identified are reduction of emission from fossil fuel consumption, as well as more rigorous forest management to avoid further deforestation. The basic approach to reducing carbon emissions from fossil fuels is through the efficient use of energy. Fuel switching, pollution prevention technologies, and the 'polluter pays' principle are also among the policy strategies often discussed. One of the proposed economic policy instruments in the 'polluter pays' category that could lead to more efficient use of energy and at the same time deal with the CO 2 problem is the carbon tax. This paper will focus on the incidence of the tax in the different sectors of a developing country and suggest the key issues in analyzing this incidence. This introduction will include a brief background discussion on the greenhouse gas (GHG) issue which has led to the proposal for the carbon tax. In section II, the incidence of the carbon tax will be reviewed. In section III, the key analytical issues for analyzing incidence of the tax on a sector-by-sector analysis of a national tax will be raised. In this version of this paper, the intended quantitative analysis is not presented; we hope to have partial results by the time of conference. 31 refs., 1 fig., 3 tabs

  16. Associated petroleum gas utilization in Tomsk Oblast: energy efficiency and tax advantages

    Science.gov (United States)

    Vazim, A.; Romanyuk, V.; Ahmadeev, K.; Matveenko, I.

    2015-11-01

    This article deals with oil production companies activities in increasing the utilization volume of associated petroleum gas (APG) in Tomsk Oblast. Cost-effectiveness analysis of associated petroleum gas utilization was carried out using the example of gas engine power station AGP-350 implementation at Yuzhno-Cheremshanskoye field, Tomsk Oblast. Authors calculated the effectiveness taking into account the tax advantages of 2012. The implementation of this facility shows high profitability, the payback period being less than 2 years.

  17. The main fiscal dispositions in the domain of energy and mineral raw materials as foreseen by the 2005 finances law and by the last 2004 amended law

    International Nuclear Information System (INIS)

    2004-01-01

    This short paper summarizes in tables the main changes made in the 2005 French finances law and in the 2004 amended law about: the domestic tax on petroleum products (TIPP), the general tax on polluting activities (TGAP), the bio-fuel production units, the tax credits for the implementation of renewable energies in dwellings, the domestic tax on natural gas consumptions (TICGN) for greenhouse owners, the European harmonization of the added-value tax (TVA), the taxes on companies (IS), and the electric utility charges (CSPE). (J.S.)

  18. 26 CFR 31.6402(a)-3 - Refund of Federal unemployment tax.

    Science.gov (United States)

    2010-04-01

    ... (CONTINUED) EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE Administrative Provisions of Special Application to Employment Taxes (Selected... provisions which bar the allowance or payment of interest on the amount of any refund based on credit...

  19. CREDIT SYSTEM AND CREDIT GUARANTEE PROGRAMS

    OpenAIRE

    Turgay GECER

    2012-01-01

    Credit system is an integrated architecture consisted of financial information, credit rating, credit risk management, receivables and credit insurance systems, credit derivative markets and credit guarantee programs. The main purpose of the credit system is to provide the functioning of all credit channels and to make it easy to access of credit sources demanded by all of real and legal persons in any economic system. Credit guarantee program, the one of prominent elements of the credit syst...

  20. 26 CFR 1.25-1T - Credit for interest paid on certain home mortgages (Temporary).

    Science.gov (United States)

    2010-04-01

    ... TREASURY INCOME TAX INCOME TAXES Changes in Rates During A Taxable Year § 1.25-1T Credit for interest paid... against his Federal income taxes. The amount of the credit depends upon (1) the amount of mortgage... residences. The terms “single-family” and “owner-occupied” have the meaning given those terms under section...

  1. Health reform through tax reform: a primer.

    Science.gov (United States)

    Furman, Jason

    2008-01-01

    Tax incentives for employer-sponsored insurance and other medical spending cost about $200 billion annually and have pervasive effects on coverage and costs. This paper surveys a range of proposals to reform health care, either by adding new tax incentives or by limiting or replacing the existing tax incentives. Replacing the current tax preference for insurance with an income-related, refundable tax credit has the potential to expand coverage and reduce inefficient spending at no net federal cost. But such an approach by itself would entail substantial risks, so complementary reforms to the insurance market are essential to ensure success.

  2. Taxation, credit constraints and the informal economy

    Directory of Open Access Journals (Sweden)

    Julia P. Araujo

    2016-01-01

    Full Text Available This paper extends Evans and Jovanovic (1989's entrepreneurship model to incorporate the informal sector. Specifically, entrepreneurs can operate either in the formal sector – in which they have limited access to credit markets and must pay taxes – or in the informal sector – in which they can avoid paying taxes, but have no access to credit markets. In addition, technology in the informal sector is both less productive and more labor intensive than that in the formal sector. We calibrate the model to the Brazilian economy, and evaluate the impact of credit frictions and taxation on occupational choices, aggregate output and inequality. Removing all distortions can improve aggregate efficiency considerably, largely because this induces entrepreneurs to switch to the formal sector, where the technology is superior. Most of this effect comes from removing credit market frictions, but taxes on formal businesses are also important. The elimination of distortions can also reduce income inequality substantially.

  3. Tax policy

    International Nuclear Information System (INIS)

    1990-07-01

    This report contains information on the effects of additional tax incentives for the petroleum production industry. It considers the effects of additional incentives on petroleum production and federal revenues, the federal tax burden on new domestic petroleum production investments under current law, and the comparative tax treatment of petroleum production investments in the United States and other nations

  4. New taxes are late

    International Nuclear Information System (INIS)

    Marcan, P.

    2007-01-01

    A special tax for monopolies is not the only new tax the cabinet of Robert Fico is yet to introduce. As of the beginning of the year, new excise taxes prescribed by Brussels should have entered into force in Slovakia. According to the new arrangements, we should pay for energy consumed and for the coal and natural gas used to produce heat. And so the energy prices for companies should have already increased. Although the deadline set by the European Commission has already passed, the cabinet has still not completed the final version of the relevant legislation. Work stopped after the elections. The Ministry is very careful when it comes to making statements related to the excise tax. 'We do not wish to talk about details. There are still some minor issues that require fine tuning,' said Adrian Belanik, General Director of the Tax and Customs Section. Companies will have to get ready for the new costs related to the new excise taxes. The only thing that is clear is that the new taxes will be paid on the electricity and fuel used for heat production. (authors)

  5. AGE analysis of the impact of a carbon energy tax on the Irish economy

    NARCIS (Netherlands)

    Wissema, W.W.; Dellink, R.B.

    2007-01-01

    computable general equilibrium model with specific detail in taxation and energy use is developed in this paper to quantify the impact of the implementation of energy taxation to reduce carbon dioxide emissions in Ireland. Benchmark data combining physical energy and emissions data and economic data

  6. National Emission Standards for Hazardous Air Pollutants for Major Sources: Industrial, Commercial, and Institutional Boilers; Guidance for Calculating Efficiency Credits Resulting from Implementation of Energy Conservation Measures

    Energy Technology Data Exchange (ETDEWEB)

    Cox, Daryl [ORNL; Papar, Riyaz [Hudson Technologies; Wright, Dr. Anthony [ALW Consulting

    2013-02-01

    The purpose of this document is to provide guidance for developing a consistent approach to documenting efficiency credits generated from energy conservation measures in the Implementation Plan for boilers covered by the Boiler MACT rule (i.e., subpart DDDDD of CFR part 63). This document divides Boiler System conservation opportunities into four functional areas: 1) the boiler itself, 2) the condensate recovery system, 3) the distribution system, and 4) the end uses of the steam. This document provides technical information for documenting emissions credits proposed in the Implementation Plan for functional areas 2) though 4). This document does not include efficiency improvements related to the Boiler tune-ups.

  7. 7 CFR 1980.392 - Mortgage Credit Certificates (MCCs) and Funded Buydown Accounts.

    Science.gov (United States)

    2010-01-01

    ... priority for shared equity repayment. Income taxes are complex issues; RHS employees and Lenders are not... under the Tax Reform Act of 1986 and allow the borrower to receive a Federal tax credit for a percentage... repayment ability for the loan. MCCs impact on the borrower's tax liability. MCCs may be used with interest...

  8. 26 CFR 54.9801-4 - Rules relating to creditable coverage.

    Science.gov (United States)

    2010-04-01

    ...) MISCELLANEOUS EXCISE TAXES (CONTINUED) PENSION EXCISE TAXES § 54.9801-4 Rules relating to creditable coverage... and who, by reason of the existence or history of a medical condition— (1) Are unable to acquire...

  9. Price increase and credit crunch: a double punishment for the financing of energy projects. Review of the Ifri Energy Breakfast Roundtable, 25 November 2008 in Brussels

    International Nuclear Information System (INIS)

    Schulke, Ch.

    2009-01-01

    The roundtable starts by giving an overview of the consequences of the sharp decrease of the oil price and the credit crunch for the financing of energy projects. Some analysts say that under-investment will be the main result and they hence predict a major supply crunch in some year's time. Others are more optimistic and point to the compensation and mitigating effects of the current situation, e.g. demand destruction and substitution. So a major question for the future is the extent of demand destruction that has happened: will this demand come back once the economic crisis is over? Furthermore, as developing costs decrease, will lower cost pressure allow some important projects to go forward? Finally, will the low oil revenue have an influence on producer countries stance on foreign investment by International Oil Companies? A discussion with the audience follows the presentations

  10. Environmental Tax Reforms and Mitigation for Energy-intensive Industries: Some Lessons from European Experience

    DEFF Research Database (Denmark)

    Andersen, Mikael Skou

    2009-01-01

    The purpose of this paper is to analyse in more detail the international experiences in applying carbon-energy taxation in two important energy-intensive sectors; iron and steel, as well as non-metallic mineral products (where cement is the most significant subsector).......The purpose of this paper is to analyse in more detail the international experiences in applying carbon-energy taxation in two important energy-intensive sectors; iron and steel, as well as non-metallic mineral products (where cement is the most significant subsector)....

  11. Impact of Financial Structure on the Cost of Solar Energy

    Energy Technology Data Exchange (ETDEWEB)

    Mendelsohn, M.; Kreycik, C.; Bird, L.; Schwabe, P.; Cory, K.

    2012-03-01

    To stimulate investment in renewable energy generation projects, the federal government developed a series of support structures that reduce taxes for eligible investors--the investment tax credit, the production tax credit, and accelerated depreciation. The nature of these tax incentives often requires an outside investor and a complex financial arrangement to allocate risk and reward among the parties. These financial arrangements are generally categorized as 'advanced financial structures.' Among renewable energy technologies, advanced financial structures were first widely deployed by the wind industry and are now being explored by the solar industry to support significant scale-up in project development. This report describes four of the most prevalent financial structures used by the renewable sector and evaluates the impact of financial structure on energy costs for utility-scale solar projects that use photovoltaic and concentrating solar power technologies.

  12. Feed-in-Tariffs Financed by Energy Taxes: When do They Lower Consumer Prices?

    OpenAIRE

    Georg von Wangenheim; Tom Müller

    2011-01-01

    The share of renewable energies in the electricity sector ('green' electricity production) relative to overall electricity supply has been growing steadily over the last years in most industrialized countries. This expansion was due to economic support either by subsidies or quota requirements for green energy. Without such support, green electricity would not be competitive to electricity supply from conventional production capacities ('black' electricity production) - e.g. coal and gas fire...

  13. Effects of carbon tax

    International Nuclear Information System (INIS)

    Michelini, M.

    1992-01-01

    At the recent United Nations Conference held in Rio de Janeiro, a proposal was made by Italy to have surcharges be applied by OECD member countries on fossil fuels (carbon tax), primarily to fund pollution abatement technology transfer to developing countries and promote pollution abatement, energy conservation and the use of renewable energy sources in industrialized countries. This paper assesses how the application of the proposed carbon tax might be successfully combined with additional fiscal policies favouring coal gasification and reforestation so as to provide energy policy strategists of oil-importing countries with a long term economically and environmentally viable alternative to petroleum imports

  14. 26 CFR 1.25A-3 - Hope Scholarship Credit.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Hope Scholarship Credit. 1.25A-3 Section 1.25A-3... Rates During A Taxable Year § 1.25A-3 Hope Scholarship Credit. (a) Amount of the credit—(1) In general. Subject to the phaseout of the education tax credit described in § 1.25A-1(c), the Hope Scholarship Credit...

  15. Volunteer Income Tax Assistance: A Community Coalition for Financial Education and Asset Building

    Science.gov (United States)

    Koonce, Joan; Scarrow, Andrea; Palmer, Lance

    2016-01-01

    Free tax programs, such as Volunteer Income Tax Assistance (VITA), allow recipients of the earned income tax credit (EITC) to have their returns filed for free. VITA and other free tax programs are nationwide. However, each program is distinct, and the services provided by these programs differ. This article discusses a successful and unique…

  16. Page 1 Teju Somorin Tax Incentives and Made In Nigeria Goods ...

    African Journals Online (AJOL)

    explained that tax incentives would enhance economic growth and development in Nigeria, if such ... The Federal Inland Revenue Services ... investors. Examples are tax holidays, tax cuts, reliefs and allowances, credits and exemptions. Tax incentives are granted on sector basis-agriculture, mining, oil and gas etc.

  17. Tax issues in structuring effective cogeneration vehicles

    International Nuclear Information System (INIS)

    Ebel, S.R.

    1999-01-01

    An overview of the Canadian income tax laws that apply to cogeneration projects was presented. Certain tax considerations could be taken into account in deciding upon ownership and financing structures for cogeneration projects, particularly those that qualify for class 43.1 capital cost allowance treatment. The tax treatment of project revenues and expenses were described. The paper also reviewed the 1999 federal budget proposals regarding the manufacturing and processing tax credit, the capital cost allowance system applicable to cogeneration assets and the treatment of the Canadian renewable conservation expense

  18. 26 CFR 1.44-2 - Property to which credit for purchase of new principal residence applies.

    Science.gov (United States)

    2010-04-01

    ... principal residence applies. 1.44-2 Section 1.44-2 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Credits Against Tax § 1.44-2 Property to which credit for purchase of new principal residence applies. The provisions of section 44 and the regulations thereunder...

  19. Environmental tax reform: the Swedish experience

    International Nuclear Information System (INIS)

    Sterner, T.

    1994-01-01

    As part of a general tax reform taxes on energy and transport were increased heavily around 1991. The following year industry succeeded in repealing a number of the taxes on energy. This reform was financed by further increasing the energy taxes for the household and transport sectors. Generally it appears that the energy tax and the carbon tax are successful as revenue raisers while their environmental effect will only be seen in the long run. On the other hand such taxes as on sulphur and the tax differentiation on leaded fuel, as well as the differentiation between different qualities of diesel and fuel oil, have been very successful in an environmental sense, but have not given any substantial revenue contributions. (author)

  20. Environmental taxes

    DEFF Research Database (Denmark)

    Ekins, P.; Andersen, Mikael Skou; Vos, H.

    include those on sulphur dioxide and nitrogen oxides in Sweden, on toxic waste in Germany, on water pollution in The Netherlands, and the tax differentials on leaded fuel and 'cleaner' diesel fuel in Sweden.3.Taxes as such have potential negative impacts on competitiveness and on employment, Most barriers...

  1. The distributional implications of a carbon tax in Ireland

    International Nuclear Information System (INIS)

    Callan, Tim; Lyons, Sean; Scott, Susan; Tol, Richard S.J.; Verde, Stefano

    2009-01-01

    We study the effects of carbon tax and revenue recycling across the income distribution in the Republic of Ireland. In absolute terms, a carbon tax of Euro 20/tCO 2 would cost the poorest households less than Euro 3/week and the richest households more than Euro 4/week. A carbon tax is regressive, therefore. However, if the tax revenue is used to increase social benefits and tax credits, households across the income distribution can be made better off without exhausting the total carbon tax revenue

  2. 26 CFR 301.6311-2 - Payment by credit card and debit card.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 18 2010-04-01 2010-04-01 false Payment by credit card and debit card. 301.6311....6311-2 Payment by credit card and debit card. (a) Authority to receive—(1) Payments by credit card and debit card. Internal revenue taxes may be paid by credit card or debit card as authorized by this...

  3. Tax Culture as Tax Administration Staff Phenomenon

    OpenAIRE

    Viktor Synchak

    2013-01-01

    The concept of the tax culture has been grounded. Various approaches to the tax culture have been highlighted. The ambiguous aspects of the tax culture approaches and interpretation have been pointed out. The authors have also given the definition of the tax body officials' culture. The tax culture has been defined as a special kind of tax service employee's culture. The necessity of the tax culture phenomenon to be familiarized with by every tax official prior to their employment has been pr...

  4. Rural America Benefits From Expanded Use of the Federal Tax Code for Income Support

    OpenAIRE

    Farrigan, Tracey L.; Durst, Ron L.

    2011-01-01

    Over the past two decades, the Federal tax code increasingly has been used as a tool for achieving social and other policy objectives, primarily through the expanded use of tax credits. A larger share of rural taxpayers benefit from Federal tax policies aimed at lower income taxpayers because they have historically had lower incomes and higher poverty rates than urban households. The earned income and child tax credits have provided a substantial boost in income to low and middle-income rural...

  5. Expanding access and choice for health care consumers through tax reform.

    Science.gov (United States)

    Butler, S; Kendall, D B

    1999-01-01

    A refundable tax credit for the uninsured would complement the existing job-based health insurance system while letting people keep their job-based coverage if they wish. Among the wide variety of design options for a tax credit, policy and political analysis does not reveal an obvious choice, but a tax credit based on a percentage of spending may have a slight advantage. Congress should give states maximum flexibility to use existing funding sources to supplement the value of a federal tax credit and encourage the use of techniques to create stable insurance pools.

  6. “Green” fuel tax on private transportation services and subsidies to electric energy. A model-based assessment for the main European countries

    International Nuclear Information System (INIS)

    Bartocci, Anna; Pisani, Massimiliano

    2013-01-01

    This paper evaluates the environmental and macroeconomic implications for France, Germany, Italy and Spain of taxing motor vehicle fuels for private transportation, a sector not subject to the Emissions Trading System, so as to reduce taxes on electricity consumption and increase subsidies to renewable sources of electricity generation. The assessment is based on a dynamic general equilibrium model calibrated for each of the four countries. The results suggest that the measures posited will reduce carbon dioxide emissions in the transportation sector and favor the development of electricity generation from renewable sources, thus limiting the growth of emissions from electricity generation. The measures do not jeopardize economic activity. The results are robust whether implementation is unilateral in one country or simultaneous throughout the EU. - Highlights: • The European Union's Agenda 2020 calls for member countries to reduce greenhouse gas emissions and increase renewable energy. • We evaluate implications in the EU of taxing fuels for private transportation, reducing taxes on electricity and increase subsidies to renewable sources of electricity. • The assessment is based on a dynamic general equilibrium model. • The measures reduce emissions, in particular in the transportation sector, favor electricity generation from renewable sources and do not jeopardize economic activity

  7. Examination of the conditions of a broadening of the general tax for polluting activities to the intermediate energy consumptions, examination of the conditions of exoneration and attenuation for the energy uses in the industry

    International Nuclear Information System (INIS)

    Beaulinet, M.

    2000-05-01

    This document examines the conditions for a broadening of the general tax on polluting activities to the intermediate energy consumptions in order to reinforce the fight against greenhouse effect and to better master the energy consumption. It analyses the characteristics of each energy source with respect to the principle of a taxation of the consumptions. Finally, several scenarios are analyzed to show the advantage and drawbacks of such a system. A first evaluation and a preliminary tariffing are given. (J.S.)

  8. Are carbon credits effective?

    International Nuclear Information System (INIS)

    Anon.

    2010-01-01

    Is it possible to reduce greenhouse gas emissions by assigning a value to CO 2 ? That's the concept behind carbon credits. Their advantage: they set targets but let companies decide how to meet them. Of all the processes that can be used to reduce air pollution, the cap and trade system is the best way to meet global targets on a national or continental scale. The system's efficiency is based on setting a ceiling for emissions: this is the cap. The emissions quotas are negotiable goods that can be traded on a market: this is the 'trade'. No company can exceed its quotas, but it can choose how to meet them: decreasing its emissions by changing its production processes, buying carbon credits sold by companies that have exceeded their targets, or using clean development mechanisms. For a carbon credit system to function correctly on an economic level, it's essential to meet one condition: don't allocate too many emissions quotas to the companies involved. If they receive too many quotas, it's not hard for them to meet their objectives without changing their production processes. The supply of carbon credits currently exceeds demand. The price per ton of CO 2 is collapsing, and companies that have exceeded their targets are not rewarded for their efforts. Efficient though it may be, the cap and trade system cannot be the only way to fight CO 2 emissions. In Europe, it presently covers 40% of the CO 2 emissions by targeting utilities and industries that consume the most fossil fuels. But it cannot be extended to some sectors where pollution is diffuse. In transportation, for example, it's not possible to impose such a requirement. For that sector, as well as for the building sector, a suitable system of taxes might be effective and incentive

  9. Green tax reform in Denmark

    DEFF Research Database (Denmark)

    Andersen, Mikael Skou

    1994-01-01

    Energy, transport and fuel taxes in Denmark have, since the late 1970s, been among the highest in the OECD, and raise already more than 30 billion DKK annually to cover 10-12 per cent of the state household: a share that will be increased over the next five years with new green taxes. Furthermore......, Denmark is currently the only country within the European Union which has introduced a tax on CO2; although Germany and the Netherlands are also considering doing so, the Danish CO2 tax has been effective since 1 January 1993....

  10. Ireland unveils petroleum tax measures

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    This paper reports that Ireland's government has introduced detailed petroleum tax legislation designed to boost offshore exploration and development. The petroleum tax measures, published last week and included in the government's omnibus finance bill for 1992, will provide Ireland for the first time a comprehensive petroleum tax regime. They include elements which, in tax terms, will make Ireland a most attractive location for oil and gas exploration and development, the Irish Energy Minister Robert Molloy. He the, Exploration companies will now have the benefit of the certainty of a detailed tax framework and attractive tax rates. Debate on the finance bill has begun in the Irish Dail (parliament). Under Ireland's constitution, the budget bill must be approved and signed by the president by the end of May. Failure to approve a budget bill within that time would mean the current government's collapse

  11. Consumer responses towards home energy financial incentives: A survey-based study

    International Nuclear Information System (INIS)

    Zhao Tingting; Bell, Lindsey; Horner, Mark W.; Sulik, John; Zhang Jinfeng

    2012-01-01

    Residential energy-efficient and renewable energy (EERE) products play an important role in energy conservation and carbon emissions reduction. Various financial incentive programs have been developed to promote the adoption of these products. However, their effectiveness in attracting consumers is not very well understood. In this study, we investigated impacts of financial incentives on homeowner's decision making towards six EERE products. Two forms of incentives, tax credits and interest-free loans, were examined through a household mailing survey in Florida, the United States. Results showed that, although half of the respondents were interested in EERE products, the high investment cost was a major concern that hindered their purchase activities. Homeowners were attracted to financial incentives and valued tax credits much higher than interest-free loans. The current federal home energy tax credit levels were found to attract only 2–12 percent of homeowners to buy EERE products. The willingness of participation was especially low for the costly products (such as solar panels). The participation rate was also very low for lower income (i.e., annual household income below $50,000) families living in older residences. This study contributes to the understanding of economic and social aspects of consumer decision making on energy efficiency and alternative energy. - Highlights: ► We investigated consumer responses to energy efficiency incentives. ► These included tax credits and interest-free loans for six types of energy products. ► We found that tax credits are more effective than interest-free loans. ► The current tax credit rates are insufficient for expensive products (e.g., solar panels). ► A higher amount of incentives is required for the lower-income (<$50 K/yr) households.

  12. Federal tax incentives affecting coal and nuclear power economics

    International Nuclear Information System (INIS)

    Chapman, D.

    1982-01-01

    This paper analyzes the effect of federal corporate income tax incentives on coal and nuclear power developments. It estimates (1) the magnitudes of tax incentives in relationship to utility costs, (2) the relative magnitude of benefits going to coal and nuclear facilities, and (3) the influence which the time paths of tax payments and after-tax net income have upon possible incentives for premature construction and excess capacity. Utility planners currently believe that nuclear power enjoys an after-tax competitive advantage over coal plants. Investigation of investment-related credits, deductions, and exclusions in the Internal Revenue Code shows that nuclear power enjoys a more favorable tax subsidy because of its greater capital intensity. In the absence of tax subsidies, no utility would prefer nuclear power to coal generation. Tax changes now under consideration could increase the tax benefits to both without disturbing the differential advantage held by nuclear power. 43 references, 2 figures, 4 tables

  13. 26 CFR 7.48-1 - Election to have investment credit for movie and television films determined in accordance with...

    Science.gov (United States)

    2010-04-01

    ... Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) TEMPORARY INCOME TAX REGULATIONS UNDER THE TAX REFORM ACT OF 1976 § 7.48-1 Election to have investment credit for... section 804(c)(3) of the Tax Reform Act of 1976 (Pub. L. 94-455, 90 Stat. 1595), any taxpayer who filed an...

  14. Energy efficiency investments in the context of split incentives among French households

    International Nuclear Information System (INIS)

    Charlier, Dorothée

    2015-01-01

    The residential sector offers considerable potential for reducing energy use and greenhouse gas (GHG) emissions, particularly through energy-efficient renovations. The objective of this study is twofold. First, I aim to provide initial empirical evidence of the extent to which split incentives between landlords and tenants may lead to underinvestment. Second, I investigate the influence of tax credits and energy burdens on energy efficiency expenditures. Given the complexity of studying the decision to invest in energy-saving renovations, I use a bivariate Tobit model to compare decisions about energy-efficient works and repair works, even when the renovation expenditures seem quite similar. The analysis shows that tenants are doubly penalized: they have high energy expenditures due to energy-inefficient building characteristics, and because they are poorer than homeowners, they are unable to invest in energy-saving systems. The results also confirm that tax credits are ineffective in the split incentives context. In terms of public policy, the government should focus on low-income tenants, and mandatory measures such as minimum standards seem appropriate. Financial support from a third-party financer also might be a solution. - Highlights: • I provide empirical evidence of underinvestment due to split incentives. • I investigate the influence of tax credit and energy burden on EE expenditures. • Results show that tax credits are ineffective in a context of split incentives. • Mandatory measures such as minimum standards seem to be appropriate. • Financial support from a third party financer can be also a solution.

  15. 26 CFR 1.860-4 - Claim for credit or refund.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Claim for credit or refund. 1.860-4 Section 1.860-4 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.860-4 Claim for credit or refund. If the allowance...

  16. 26 CFR 1.45G-1 - Railroad track maintenance credit.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Railroad track maintenance credit. 1.45G-1 Section 1.45G-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Rules for Computing Credit for Investment in Certain Depreciable Property § 1.45G-1 Railroad track...

  17. 26 CFR 1.46-2 - Carryback and carryover of unused credit.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Carryback and carryover of unused credit. 1.46-2 Section 1.46-2 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Rules for Computing Credit for Investment in Certain Depreciable Property § 1.46-2 Carryback and...

  18. 26 CFR 1.47-1 - Recomputation of credit allowed by section 38.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Recomputation of credit allowed by section 38. 1.47-1 Section 1.47-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Rules for Computing Credit for Investment in Certain Depreciable Property § 1.47-1...

  19. Motor Fuel Excise Taxes

    Energy Technology Data Exchange (ETDEWEB)

    2015-09-01

    A new report from the National Renewable Energy Laboratory (NREL) explores the role of alternative fuels and energy efficient vehicles in motor fuel taxes. Throughout the United States, it is common practice for federal, state, and local governments to tax motor fuels on a per gallon basis to fund construction and maintenance of our transportation infrastructure. In recent years, however, expenses have outpaced revenues creating substantial funding shortfalls that have required supplemental funding sources. While rising infrastructure costs and the decreasing purchasing power of the gas tax are significant factors contributing to the shortfall, the increased use of alternative fuels and more stringent fuel economy standards are also exacerbating revenue shortfalls. The current dynamic places vehicle efficiency and petroleum use reduction polices at direct odds with policies promoting robust transportation infrastructure. Understanding the energy, transportation, and environmental tradeoffs of motor fuel tax policies can be complicated, but recent experiences at the state level are helping policymakers align their energy and environmental priorities with highway funding requirements.

  20. Banking deregulation and corporate tax avoidance

    Directory of Open Access Journals (Sweden)

    Bill B. Francis

    2017-06-01

    Full Text Available We investigate whether tax avoidance substitutes for external financing. We exploit interstate banking deregulation as a quasi-external shock to examine whether firms engage in less tax avoidance after banking deregulation, because of cheaper and easier access to credit from banks. We find no empirical evidence to support this substitutive relation, even for firms with higher financial constraints or firms with higher external financing dependence.

  1. 12 CFR 215.3 - Extension of credit.

    Science.gov (United States)

    2010-01-01

    ... OFFICERS, DIRECTORS, AND PRINCIPAL SHAREHOLDERS OF MEMBER BANKS (REGULATION O) § 215.3 Extension of credit... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Extension of credit. 215.3 Section 215.3 Banks... bank for its own protection for: (i) Accrued interest; or (ii) Taxes, insurance, or other expenses...

  2. Environmental taxes and green growth. Exploring possibilities within energy and climate policy; Milieubelastingen en Groene Groei. Verkenning van de mogelijkheden in het kader van het energie- en klimaatbeleid

    Energy Technology Data Exchange (ETDEWEB)

    Vollebergh, H.

    2012-08-15

    Green growth is currently a topic of global interest. It aims to foster economic growth and development, while ensuring that natural assets continue to provide the resources and environmental services on which our wellbeing relies. The concept of green growth fits in with a long tradition focused on economic growth that takes account of issues such as environmental pollution and quality of life. Although in the Netherlands the political interest in green growth is somewhat lagging behind, it is widely understood and accepted that unbridled economic expansion may pose a serious risk to society in the long term. Offering the right financial incentives through 'environmental pricing' is a key element of policy aimed at sustainable economic growth. The present paper provides a stepwise analysis of the issues related to the use of tax instruments as part of the policy on sustainable economic growth. The report promotes an evaluation of options using not only standard criteria, such as allocation effectiveness, static efficiency, distributive justice, and feasibility, but also criteria such as dynamic efficiency. The discussion focuses on the two main areas of environmental taxation in the Netherlands, i.e. taxes on energy consumption and transport [Dutch] Wereldwijd is er veel belangstelling voor groene groei. Groene groei beoogt economische ontwikkeling te realiseren waarbij de hoeveelheid en kwaliteit van natuurlijke hulpbronnen voldoende blijven om onze welvaart te garanderen op de lange termijn (OESO, 2011a). Het concept past in een lange traditie gericht op economische groei die rekening houdt met aspecten als milieuvervuiling en leefbaarheid. De aandacht hiervoor blijft weliswaar in de Nederlandse politiek wat achter, maar is niettemin ook voor Nederland relevant. In brede kring leeft het besef dat ongebreidelde economische expansie op lange termijn niet houdbaar is. Het geven van de juiste prijsprikkels, soms ook wel 'milieubeprijzing' genoemd

  3. Ontario emissions trading code : emission reduction credit creation, recording and transfer rules, rules for renewable energy projects and conservation projects, and rules for the operation of the Ontario Emissions Trading Registry

    International Nuclear Information System (INIS)

    2001-12-01

    Emissions trading has been an integral part of Ontario's air quality strategy since December 31, 2001. Ontario has adopted the 'cap, credit and trade' type of emissions trading system, a hybrid that takes the best features of pure 'cap-and-trade' and 'baseline-and-credit' type systems. It covers nitric oxide and sulphur dioxide. The Ontario Emissions Trading Code supplements Ontario Regulation 397/01 and sets out rules for renewable energy projects and conservation projects for which applications for emission allowances can be made. This Code describes the rules for the creation and transfer of emission reduction credits (ERCs). It also explains the rules for the operation of the registry that has been established to provide information to the public about the emissions trading program and records decisions about credit creation and credit and allowance retirement. 3 tabs

  4. 26 CFR 1.44-1 - Allowance of credit for purchase of new principal residence after March 12, 1975, and before...

    Science.gov (United States)

    2010-04-01

    ... residence after March 12, 1975, and before January 1, 1977. 1.44-1 Section 1.44-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Credits Against Tax § 1.44-1 Allowance of credit for purchase of new principal residence after March 12, 1975, and before January 1, 1977...

  5. Can parked cars and carbon taxes create a profit? The economics of vehicle-to-grid energy storage for peak reduction

    International Nuclear Information System (INIS)

    Freeman, Gerad M.; Drennen, Thomas E.; White, Andrew D.

    2017-01-01

    This article discusses a five-year, hourly economic model of vehicle-to-grid energy storage for peak reduction. Several scenarios are modeled for a participant using a 60 kW-h capacity battery electric vehicle, such as the Tesla Model S or Chevrolet Bolt, in the New York City area using pricing data for the years 2010 through 2014. Sensitivity analysis identifies that variables such as one-way power efficiency and battery lifetime are the major factors influencing the economics of selling electricity back to the grid. Although it is shown that vehicle-to-grid electricity sales can create positive economic benefits, the magnitudes are small due to the cost of added degradation to the vehicle's battery and are not likely to entice the average electric vehicle owner to participate. However, over the five-year period, the potential economic benefits of this technology have shown a promising trend. A carbon dioxide tax is examined as a potential policy measure to encourage vehicle-to-grid adoption. The implementation of a carbon dioxide tax is shown to create additional opportunities for economic gain but, these benefits are dependent on the grid's electricity generation portfolio. Added benefits from the tax are also small in magnitude considering current international carbon prices. - Highlights: • Three scenarios of vehicle-to-grid storage for peak reduction are proposed. • Average annual savings generated by vehicle-to-grid are small but positive. • Savings have remained positive or increased during 2010–2014. • Moderate carbon tax policies can generate extra savings, but they are small.

  6. A sequential input–output framework to analyze the economic and environmental implications of energy policies: Gas taxes and fuel subsidies

    International Nuclear Information System (INIS)

    Choi, Jun-Ki; Bakshi, Bhavik R.; Hubacek, Klaus; Nader, Jordan

    2016-01-01

    Highlights: • Novel framework integrates monetary and physical changes in sequential input–output analysis. • Estimate economy-wide environmental changes as a result of combined energy policies. • Life cycle resource consumption and emission data for the U.S. economic sectors are adopted. • Ecosystem impacts could increase as a consequence of combined gasoline tax and bio-subsidy. - Abstract: A novel generic sequential input–output framework is developed to model the economy-wide changes in resource consumption and environmental emissions as a result of combined applied energy policies, e.g. taxes for non-renewables and subsidies for renewables. Many input–output analyses are based on a single period analysis. However, in the case of analyzing the effects of multiple policy interventions over time, the input–output table reflecting the state of the economy before the energy policy was introduced cannot be used for analyzing the economic effects of another policy intervention in the next time period since the monetary and physical transaction of commodities have already been affected. To show the efficacy of the proposed method, a case study is developed that introduced a gasoline tax and earmarks the revenues to subsidize biofuel production in the subsequent time period in the United States. In order to assess the change of environmental indicators after sequential policy interventions, Ecologically-based Life Cycle Analysis (ECO-LCA) inventories which include data on resource consumption, emissions, ecosystem goods and services related to the U.S. economic sectors are adopted. The environmentally extended input–output framework is ideally suited to model the interlinkages between a range for environmental indicators and detailed structural economic information at the sector level for the analysis of energy policies. The proposed framework can be utilized as a tool for leveraging the energy and environmental policy trade-off decisions which

  7. Tax incentives and enhanced oil recovery techniques

    International Nuclear Information System (INIS)

    Stathis, J.S.

    1991-05-01

    Tax expenditures-reductions in income tax liability resulting from a special tax provision-are often used to achieve economic and social objectives. The arguments for petroleum production tax incentives usually encompass some combination of enhancing energy security, rewarding risk, or generating additional investment in new technologies. Generally, however, some portion of any tax expenditure is spend on activities that would have occurred anyway. This paper is a review of tax incentives for petroleum production found two to be of questionable merit. Others, including tax preferences for enhanced oil recovery methods, which offered the potential for better returns on the tax dollar. Increased use of enhanced oil recovery techniques could lead to additional environmental costs, however, and these need to be factored into any cost-benefit calculation

  8. The Good, the Bad, and the Ugly! Highlights of the 1996 Major Tax Acts (Effective Immediately!).

    Science.gov (United States)

    Lukaszewski, Thomas E.

    1997-01-01

    Describes four major tax acts which significantly impact businesses and individual taxpayers. Includes important issues affecting businesses, such as changes in minimum wage, depreciable personal property, pensions, and tax credits. Also describes important issues affecting individuals, including changes in spousal IRAs, adoption expense credits,…

  9. MODELING CREDIT RISK THROUGH CREDIT SCORING

    OpenAIRE

    Adrian Cantemir CALIN; Oana Cristina POPOVICI

    2014-01-01

    Credit risk governs all financial transactions and it is defined as the risk of suffering a loss due to certain shifts in the credit quality of a counterpart. Credit risk literature gravitates around two main modeling approaches: the structural approach and the reduced form approach. In addition to these perspectives, credit risk assessment has been conducted through a series of techniques such as credit scoring models, which form the traditional approach. This paper examines the evolution of...

  10. Green tax reforms and habits

    Energy Technology Data Exchange (ETDEWEB)

    Miguel, Carlos de; Manzano, Baltasar [Universidad de Vigo and Rede, Lagoas-Marcosende, s/n, 36200 Vigo (Spain)

    2011-01-15

    Using a dynamic general equilibrium model, we explore the role of habit formation when analyzing green tax reforms under the double dividend hypothesis. We assume increases in energy taxes and adjust capital taxation in a revenue-neutral framework to evaluate the effects on welfare. Since the existence of an environmental dividend is uncontroversial, we mainly focus on the efficiency dividend. Our findings show that, when taxes on household energy consumption increase, habits and transitional dynamics alter household decisions, and change the efficiency dividend. However, when the tax increase is on energy used as an input, reform always induces a welfare cost in terms of efficiency. In this case, habits play a less important role. (author)

  11. The effect of stock market pressure on the tradeoff between corporate and shareholders’ tax benefits

    Directory of Open Access Journals (Sweden)

    Ming-Chin Chen

    2015-06-01

    Full Text Available The Taiwanese government offers firms that invest in qualified projects in emerging high-tech industries two mutually exclusive tax incentives—a corporate 5-year tax exemption or shareholder investment tax credits. This study examines whether corporate managers take shareholder tax benefits into account in their corporate tax planning. The results show that privately held firms are more likely than listed firms to choose shareholder investment tax credits and forego corporate tax benefits. Listed firms with relatively high earnings response coefficients tend to choose a corporate 5-year tax exemption, as it can enhance reported after-tax earnings. Further, in the 5-year period following their choice of a particular tax incentive, firms choosing a corporate 5-year tax exemption exhibit significantly lower earnings persistence than those choosing shareholder investment tax credits. Taken together, these results suggest that stock market pressure has a significant effect on firms’ choices between corporate and shareholder tax benefits, and that the choice of tax incentives has an effect on future earnings quality.

  12. 76 FR 6186 - Applications for Membership on the Electronic Tax Administration Advisory Committee (ETAAC)

    Science.gov (United States)

    2011-02-03

    ...- file security, tax software and accuracy. See the ETAAC application, Form 13768 for more details. The... tax administration issues in support of the overriding goal that paperless filing should be the... Tax Administration (ETA) and Refundable Credits will assure that the size and organizational...

  13. What's My METR? Marginal Effective Tax Rates Are Down - But Not for Everyone: The Ontario Case

    OpenAIRE

    Alexandre Laurin; Finn Poschmann

    2011-01-01

    The marginal effective tax rate (METR) on personal income, explain the authors, measures the impact, on take-home pay, of federal and provincial income taxes combined with the impact of reductions and clawbacks of income-tested tax credits and benefits as individual or family income rises. These income-tested credits and benefits mostly target financial support to low- and middle-income families with children, or to low-income seniors. As their income rises past prescribed thresholds, clawbac...

  14. Nuclear fuel tax in court

    International Nuclear Information System (INIS)

    Leidinger, Tobias

    2014-01-01

    Besides the 'Nuclear Energy Moratorium' (temporary shutdown of eight nuclear power plants after the Fukushima incident) and the legally decreed 'Nuclear Energy Phase-Out' (by the 13th AtG-amendment), also the legality of the nuclear fuel tax is being challenged in court. After receiving urgent legal proposals from 5 nuclear power plant operators, the Hamburg fiscal court (4V 154/13) temporarily obliged on 14 April 2014 respective main customs offices through 27 decisions to reimburse 2.2 b. Euro nuclear fuel tax to the operating companies. In all respects a remarkable process. It is not in favour of cleverness to impose a political target even accepting immense constitutional and union law risks. Taxation 'at any price' is neither a statement of state sovereignty nor one for a sound fiscal policy. Early and serious warnings of constitutional experts and specialists in the field of tax law with regard to the nuclear fuel tax were not lacking. (orig.)

  15. Tax compliance under tax regime changes

    OpenAIRE

    Heinemann, Friedrich; Kocher, Martin G.

    2010-01-01

    In this paper we focus on the compliance effects of tax regime changes. According to the economic model of tax evasion, a tax reform should affect compliance through its impact on tax rates and incentives. Our findings demonstrate the importance of at least two further effects not covered by the traditional model: First, reform losers tend to evade more taxes after the reform. Second, a reform from a proportionate to a progressive system decreases compliance compared to a switch in the revers...

  16. Credit report accuracy and access to credit

    OpenAIRE

    Robert B. Avery; Paul S. Calem; Glenn B. Canner

    2004-01-01

    Data that credit-reporting agencies maintain on consumers' credit-related experiences play a central role in U.S. credit markets. Analysts widely agree that the data enable these markets to function more efficiently and at lower cost than would otherwise be possible. Despite the great benefits of the current system, however, some analysts have raised concerns about the accuracy, timeliness, completeness, and consistency of consumer credit records and about the effects of data problems on the ...

  17. Are we taxing ourselves?

    DEFF Research Database (Denmark)

    Sausgruber, Rupert; Tyran, Jean-Robert

    2011-01-01

    We let consumers vote on tax regimes in experimental markets. We test if taxes on sellers are more popular than taxes on consumers, i.e. on voters themselves, even if taxes on sellers are inefficiently high. Taxes on sellers are more popular if voters underestimate the extent of tax......-shifting in the market. We show that inexperienced voters are prone to such a tax-shifting bias, that experience is an effective de-biasing mechanism, but that pre-vote deliberation about tax regimes makes initially held opinions more extreme rather than correct. Our results suggest that voting on taxes is prone to bias...

  18. 26 CFR 1.45G-0 - Table of contents for the railroad track maintenance credit rules.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Table of contents for the railroad track maintenance credit rules. 1.45G-0 Section 1.45G-0 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Rules for Computing Credit for Investment in Certain Depreciable Property...

  19. 26 CFR 1.46-9 - Requirements for taxpayers electing an extra one-half percent additional investment credit.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Requirements for taxpayers electing an extra one-half percent additional investment credit. 1.46-9 Section 1.46-9 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Rules for Computing Credit for Investment in...

  20. 26 CFR 1.46-7 - Statutory provisions; plan requirements for taxpayers electing additional investment credit, etc.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Statutory provisions; plan requirements for taxpayers electing additional investment credit, etc. 1.46-7 Section 1.46-7 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Rules for Computing Credit for...

  1. Can French environmental taxes really turn into green taxes? Current status and conditions of acceptability

    International Nuclear Information System (INIS)

    Chiroleu-Assouline, Mireille

    2015-01-01

    French environmental taxes are not really ecologically oriented. Their main aim is to raise revenues. Clear signs of this inappropriate direction are given by the large share of the energy taxes and by the low level of most tax rates, which for the most part, are only implicit tax rates on the polluting goods. An ecological tax reform would imply a global green tax shift with tax rates proportionate to the marginal damages. The success and the acceptation of such a reform by the taxpayers rely on the chosen recycling mechanism for the tax revenues, on government's efforts in information and pedagogy, on transparency about the policy choices but also, somehow paradoxically, on audacity of actions. Initially published in 'Revue de l'OFCE', No. 139

  2. Credit Management System

    Data.gov (United States)

    US Agency for International Development — Credit Management System. Outsourced Internet-based application. CMS stores and processes data related to USAID credit programs. The system provides information...

  3. Tax Incentives in Kosovo Tax System

    Directory of Open Access Journals (Sweden)

    Bedri Peci

    2016-08-01

    Full Text Available The aim of this research is to analyze and find out the major issue of tax incentives in Kosovo tax law. In this analysis we have used the research method of case study. The results of research show that Balkan countries in their tax systems have applied various mitigating measures that in tax theory are known as tax incentives. Taking into account that Kosovo regarding the application of tax incentives of CIT, compared with other countries is the last, designers by using the experiences of other countries should apply more tax incentives in order that tax policy to be more in function economic development. The study is of particular relevance to scholars, tax practitioners, expatriates who work and invest in Kosovo, etc.

  4. Outlook for Japanese economy and energy demand in fiscal year 2015. Will decline in oil price benefit sluggish Japanese economy after tax increase?

    International Nuclear Information System (INIS)

    Yanagisawa, Akira; Ikarii, Ryohei; Iwata, Sohei; Wang, In-Ha; Tomokawa, K.; Shibata, Yoshiaki; Ito, Kokichi

    2015-01-01

    Although prompt economic recovery was expected, after tax increase in April 2014, not so much progress has been made as anticipated. One of the reasons for this is the increase in energy cost due to the decline in LNG price following that of oil price from an international point of view, and the electric rate hike resulted from the delay in restart of nuclear power plant from a domestic point of view, and so on. In this article, the outlook for the Japanese economy and the energy demand in the fiscal year 2015 and the influences of various factors were evaluated. For this evaluation, the values set as the primary premises for the standard scenario were: (1) world economy, (2) CIF prices for importing oil, LNG, and coal, (3) exchange rates, (4) nuclear power generation, (5) electricity demand, and (6) temperature. Then, the influences of following items on economy and energy demand were analyzed: (1) macro economy, (2) production activity, (3) domestic supply of primary energy, (4) final energy consumption, (5) sales amount of electricity and composition of electrical sources, (6) sales amount of city gas, (7) sales amount of fuel oil and LNG, (8) renewable energy power generation, (9) restart rate of nuclear power plant, and so on. (S.K.)

  5. Differential effects of green tax reform over economies: A case of Korea

    Science.gov (United States)

    Kim, Tae Heon

    2011-12-01

    It is controversial whether or not green tax reform through a carbon tax has double dividend feature. The economic effects of green tax reform vary according to economies due to different preexisting conditions. Recent studies about the economic impacts of a carbon tax have noted the role of preexisting factor taxes in the second best world. The present study, however, explores the role of existing taxes on energy products in introducing a carbon tax, by employing a computable general equilibrium (CGE) model for Korea, a country that has high existing taxes on petroleum products. Above all, I find that a carbon tax is the most efficient policy instrument among three alternative taxes---an energy tax, a carbon tax and an ad valorem tax---to reduce carbon emissions in Korea under both lump-sum tax replacement and labor tax replacement. The carbon tax, however, brings about welfare and GDP loss. The economic costs can be reduced, but cannot be completely removed by revenue recycling. Second, this study explores how existing taxes on petroleum products affect the economic cost of introducing a carbon tax, by manipulating existing taxes on petroleum products. I find that the existing taxes raise the economic costs of introducing a carbon tax. Third, this study shows that the economic costs of a carbon tax can be reduced when its revenue is returned to cut preexisting taxes on petroleum products. Thus, restructuring existing taxes on energy products plays a crucial role in introducing a carbon tax. From the specific case of the Korean economy, the present study indicates that existing taxes on not only factors but also energy products are one of the main sources of economic costs in introducing a carbon tax.

  6. The Impact of Energy Efficient Vehicles on Gas Tax (Highway Trust Fund) and Alternative Funding for Infrastructure Construction, Upgrade, and Maintenance

    Science.gov (United States)

    2012-01-01

    Road construction, upgrades, and maintenance have largely been financed by a gas tax since the first tax on fuel was instituted by the federal government in 1932. Monies from the gas tax and other sources are deposited in the Highway Trust Fund to ha...

  7. Measuring Tax Efficiency: A Tax Optimality Index

    OpenAIRE

    Raimondos-Møller, Pascalis; Woodland, Alan D

    2004-01-01

    This paper introduces an index of tax optimality that measures the distance of some current tax structure from the optimal tax structure in the presence of public goods. In doing so, we derive a [0, 1] number that reveals immediately how far the current tax configuration is from the optimal one and, thereby, the degree of efficiency of a tax system. We call this number the Tax Optimality Index. We show how the basic method can be altered in order to derive a revenue equivale...

  8. Tax Incentives in Kosovo Tax System

    OpenAIRE

    Bedri Peci

    2016-01-01

    The aim of this research is to analyze and find out the major issue of tax incentives in Kosovo tax law. In this analysis we have used the research method of case study. The results of research show that Balkan countries in their tax systems have applied various mitigating measures that in tax theory are known as tax incentives. Taking into account that Kosovo regarding the application of tax incentives of CIT, compared with other countries is the last, designers by using the expe...

  9. Introducing carbon taxes in South Africa

    International Nuclear Information System (INIS)

    Alton, Theresa; Arndt, Channing; Davies, Rob; Hartley, Faaiqa; Makrelov, Konstantin; Thurlow, James; Ubogu, Dumebi

    2014-01-01

    Highlights: • South Africa is considering introducing a carbon tax to reduce greenhouse gas emissions. • A phased-in tax of US$30 per ton can achieve national emissions reductions targets set for 2025. • Ignoring all potential benefits, the tax reduces national welfare by about 1.2 percent in 2025. • Border carbon adjustments reduce welfare losses while maintaining emissions reductions. • The mode for recycling carbon tax revenues strongly influences distributional outcomes. - Abstract: South Africa is considering introducing a carbon tax to reduce greenhouse gas emissions. Following a discussion of the motivations for considering a carbon tax, we evaluate potential impacts using a dynamic economywide model linked to an energy sector model including a detailed evaluation of border carbon adjustments. Results indicate that a phased-in carbon tax of US$30 per ton of CO 2 can achieve national emissions reductions targets set for 2025. Relative to a baseline with free disposal of CO 2 , constant world prices and no change in trading partner behavior, the preferred tax scenario reduces national welfare and employment by about 1.2 and 0.6 percent, respectively. However, if trading partners unilaterally impose a carbon consumption tax on South African exports, then welfare/employment losses exceed those from a domestic carbon tax. South Africa can lessen welfare/employment losses by introducing its own border carbon adjustments. The mode for recycling carbon tax revenues strongly influences distributional outcomes, with tradeoffs between growth and equity

  10. Ecological tax reform

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-12-31

    An environmental tax reform is seen by many as a possible solution to some crucial problems of modern society - pollution, excessive resource consumption and unemployment. Changes in the system of taxation are here seen as a long term process, one that must cheapen the costs of labour and make the costs of resource use more expensive - a process which can also create major changes in our society as to conceptions of quality, work, consumption etc. The conference presented proposals for an ecological tax and duty system that would contribute to: Changing technology so that it becomes more resource and energy effective. Changing the economic mechanisms so that resource consumption and pollution become more expensive while human resources become cheaper. Changing personal life styles and values so that material consumption becomes less decisive for our choices and priorities. An environmental tax reform is neither without problems nor painless. An economy and an industrial sector based on increasing consumption of energy and raw materials will, in the long run, lead to drawbacks that far outweigh those that are connected with an economic re-orientation whose driving force is another conception of nature. (EG)

  11. Ecological tax reform

    International Nuclear Information System (INIS)

    1996-01-01

    An environmental tax reform is seen by many as a possible solution to some crucial problems of modern society - pollution, excessive resource consumption and unemployment. Changes in the system of taxation are here seen as a long term process, one that must cheapen the costs of labour and make the costs of resource use more expensive - a process which can also create major changes in our society as to conceptions of quality, work, consumption etc. The conference presented proposals for an ecological tax and duty system that would contribute to: Changing technology so that it becomes more resource and energy effective. Changing the economic mechanisms so that resource consumption and pollution become more expensive while human resources become cheaper. Changing personal life styles and values so that material consumption becomes less decisive for our choices and priorities. An environmental tax reform is neither without problems nor painless. An economy and an industrial sector based on increasing consumption of energy and raw materials will, in the long run, lead to drawbacks that far outweigh those that are connected with an economic re-orientation whose driving force is another conception of nature. (EG)

  12. Collecting Taxes Database

    Data.gov (United States)

    US Agency for International Development — The Collecting Taxes Database contains performance and structural indicators about national tax systems. The database contains quantitative revenue performance...

  13. NCA & Credit Guarantees

    African Journals Online (AJOL)

    stooppn

    Credit Act? 2.1 What is a credit guarantee? The National Credit Act provides, subject to certain exemptions, that the Act generally applies to every credit agreement (eg, money-lending transactions irrespective of .... Lubbe 1984 THRHR 383; De Wet and Van Wyk Kontraktereg 391; Pretorius 2001 SA Merc LJ. 95; Sonnekus ...

  14. From tax evasion to tax planning

    OpenAIRE

    Bourgain, Arnaud; Pieretti, Patrice; Zanaj, Skerdilajda

    2013-01-01

    The aim of this paper is to analyze within a simple model how a re- moval of bank secrecy can impact tax revenues and banks' profitability assuming that offshore centers are able to offer sophisticated but legal or not easily detectable tax planning. Two alternative regimes are considered. A first in which there is strict bank secrecy and a second where there is international information exchange for tax purposes. We show in particular that sharing tax information with onshore coun- tries can...

  15. How unconventional gas prospers without tax incentives

    International Nuclear Information System (INIS)

    Kuuskraa, V.A.; Stevens, S.H.

    1995-01-01

    It was widely believed that the development of unconventional natural gas (coalbed methane, gas shales, and tight gas) would die once US Sec. 29 credits stopped. Quieter voices countered, and hoped, that technology advances would keep these large but difficult to produce gas resources alive and maybe even healthy. Sec. 29 tax credits for new unconventional gas development stopped at the end of 1992. Now, nearly three years later, who was right and what has happened? There is no doubt that Sec. 29 tax credits stimulated the development of coalbed methane, gas shales, and tight gas. What is less known is that the tax credits helped spawn and push into use an entire new set of exploration, completion, and production technologies founded on improved understanding of unconventional gas reservoirs. As set forth below, while the incentives inherent in Sec. 29 provided the spark, it has been the base of science and technology that has maintained the vitality of these gas sources. The paper discusses the current status; resource development; technology; unusual production, proven reserves, and well completions if coalbed methane, gas shales, and tight gas; and international aspects

  16. Mining Association Rules Between Credits in the Leadership in Energy and Environmental Design for New Construction (LEED-NC) Green Building Assessment System

    National Research Council Canada - National Science Library

    Thomas, Benjamin J

    2008-01-01

    .... Taking this vision into account, the individual credits that comprise LEED are designed to reward design teams for employing sustainable design strategies that reduce the total environmental impact...

  17. Is credit for early action credible early action?

    International Nuclear Information System (INIS)

    Rolfe, C.; Michaelowa, A.; Dutschke, M.

    1999-12-01

    Credit for early action as a tool for greenhouse gas emissions reduction is compared with various market instruments as a means of narrowing the gap between projected emissions and those of the Kyoto Protocol. Market instruments work by creating a market price for emissions and use the market to encourage reductions at the lowest price, which is done by placing limits on greenhouse gas emissions and allowing the market to decide where reductions occur, or by imposing a carbon tax or emissions charge. While they can be applied within a sector, they are usually used to encourage reductions throughout the economy or across large sectors. Credit for early action also creates an incentive for emissions reductions throughout the economy or at least across many sectors. Credit for early action tools do not work by either imposing a carbon tax or emissions charge or placing limits on emissions, rather they promise that entities that take action against greenhouse gases prior to the imposition of a carbon tax or emissions limits will receive a credit against future taxes or limits. An overview is provided of the Kyoto Protocol and the rationale for taking early action, and a review is included of the theory and specific proposals for market instruments and credit for early action. A comparative analysis is provided of these approaches by examining their relative efficiency, environmental effectiveness, and impacts on the redistribution of wealth. Credit for early action is viewed as problematic on a number of counts and is seen as an interim strategy for imposition while political support for market instruments develop. The environmental effectiveness of credit for early action is very difficult to predict, and credit for early action programs do not yield the lowest cost emissions reductions. Credit for early action programs will not achieve compliance with the Kyoto Protocol at the lowest cost, and credits for early action will increase the compliance costs for those who

  18. Gasoline tax best path to reduced emissions

    International Nuclear Information System (INIS)

    Brinner, R.E.

    1991-01-01

    Lowering gasoline consumption is the quickest way to increase energy security and reduce emissions. Three policy initiatives designed to meet such goals are current contenders in Washington, DC: higher gasoline taxes; higher CAFE (Corporate Average Fuel Economy) standards; and an auto registration fee scheme with gas-guzzler taxes and gas-sipper subsidies. Any of these options will give us a more fuel-efficient auto fleet. The author feels, however, the gasoline tax holds several advantages: it is fair, flexible, smart, and honest. But he notes that he is proposing a substantial increase in the federal gasoline tax. Real commitment would translate into an additional 50 cents a gallon at the pump. While the concept of increasing taxes at the federal level is unpopular with voters and, thus, with elected officials, there are attractive ways to recycle the $50 billion in annual revenues that higher gas taxes would produce

  19. Dynamic Tax Depreciation Strategies

    NARCIS (Netherlands)

    De Waegenaere, A.M.B.; Wielhouwer, J.L.

    2008-01-01

    The tax depreciation decision potentially has significant impact on the prof- itability of firms and projects. Indeed, the depreciation method chosen for tax purposes affects the timing of tax payments, and, as a consequence, it also affects the after-tax net present value of investment projects.

  20. Dynamic tax depreciation strategies

    NARCIS (Netherlands)

    De Waegenaere, A.M.B.; Wielhouwer, J.L.

    2011-01-01

    The tax depreciation decision potentially has significant impact on the profitability of firms and projects. Indeed, the depreciation method chosen for tax purposes affects the timing of tax payments, and, as a consequence, it also affects the after-tax net present value of investment projects.