Tax Credits for Electricity Production from Renewable Sources

Tax Credits for Electricity Production from Renewable Sources

Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures

Publisher:

Published: 2006

Total Pages: 104

ISBN-13:

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Book Synopsis Tax Credits for Electricity Production from Renewable Sources by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures

Download or read book Tax Credits for Electricity Production from Renewable Sources written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Tax credits for electricity production from renewable sources : hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005.

Tax credits for electricity production from renewable sources : hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005.

Author:

Publisher: DIANE Publishing

Published:

Total Pages: 92

ISBN-13: 1422334198

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Book Synopsis Tax credits for electricity production from renewable sources : hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005. by :

Download or read book Tax credits for electricity production from renewable sources : hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005. written by and published by DIANE Publishing. This book was released on with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Tax Credits for Electricity Production from Renewable Sources

Tax Credits for Electricity Production from Renewable Sources

Author: United States. Congress

Publisher: Createspace Independent Publishing Platform

Published: 2018-02-02

Total Pages: 92

ISBN-13: 9781984947215

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Tax credits for electricity production from renewable sources : hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005.


Book Synopsis Tax Credits for Electricity Production from Renewable Sources by : United States. Congress

Download or read book Tax Credits for Electricity Production from Renewable Sources written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-02-02 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax credits for electricity production from renewable sources : hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005.


Tax Credits for Electricity Production from Renewable Sources

Tax Credits for Electricity Production from Renewable Sources

Author: United States House of Representatives

Publisher:

Published: 2019-12-13

Total Pages: 94

ISBN-13: 9781674973012

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Tax credits for electricity production from renewable sources: hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005.


Book Synopsis Tax Credits for Electricity Production from Renewable Sources by : United States House of Representatives

Download or read book Tax Credits for Electricity Production from Renewable Sources written by United States House of Representatives and published by . This book was released on 2019-12-13 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax credits for electricity production from renewable sources: hearing before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, first session, May 24, 2005.


Renewable Energy Tax Incentives

Renewable Energy Tax Incentives

Author: Meredith L. Pace

Publisher:

Published: 2014-01-01

Total Pages: 124

ISBN-13: 9781633215085

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In the United States, Federal incentives for the deployment of wind and solar power projects are delivered primarily through the tax code, in the form of accelerated tax depreciation and tax credits that are based on either investment or production. Both wind and solar projects are equally eligible for accelerated tax depreciation, but tax credit eligibility varies by technology: solar is currently eligible for the investment tax credit (ITC), while wind is eligible for either the ITC or the production tax credit (PTC), though wind project sponsors typically choose the PTC. The PTC is a per-kilowatt-hour tax (kWh) credit for electricity generated using qualified energy resources. This book provides a brief overview of the renewable electricity PTC. It describes the credit; a legislative history; and presents data on PTC claims and discusses the revenue consequences of the credit. It also briefly considers some of the economic and policy considerations related to the credit. This book concludes by briefly noting policy options related to the PTC.


Book Synopsis Renewable Energy Tax Incentives by : Meredith L. Pace

Download or read book Renewable Energy Tax Incentives written by Meredith L. Pace and published by . This book was released on 2014-01-01 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, Federal incentives for the deployment of wind and solar power projects are delivered primarily through the tax code, in the form of accelerated tax depreciation and tax credits that are based on either investment or production. Both wind and solar projects are equally eligible for accelerated tax depreciation, but tax credit eligibility varies by technology: solar is currently eligible for the investment tax credit (ITC), while wind is eligible for either the ITC or the production tax credit (PTC), though wind project sponsors typically choose the PTC. The PTC is a per-kilowatt-hour tax (kWh) credit for electricity generated using qualified energy resources. This book provides a brief overview of the renewable electricity PTC. It describes the credit; a legislative history; and presents data on PTC claims and discusses the revenue consequences of the credit. It also briefly considers some of the economic and policy considerations related to the credit. This book concludes by briefly noting policy options related to the PTC.


Energy Tax Incentives

Energy Tax Incentives

Author: Molly Sherlock

Publisher: Createspace Independent Publishing Platform

Published: 2012-10-20

Total Pages: 0

ISBN-13: 9781480151598

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The majority of energy produced in the United States is derived from fossil fuels. In recent years, however, revenue losses associated with tax incentives that benefit renewables have exceeded revenue losses associated with tax incentives benefitting fossil fuels. As Congress evaluates the tax code and various energy tax incentives, there has been interest in understanding how energy tax benefits under the current tax system are distributed across different domestic energy resources. In 2010, fossil fuels accounted for 78.0% of U.S. primary energy production. The remaining primary energy production is attributable to nuclear electric and renewable energy resources, with shares of 11.2% and 10.7%, respectively. Primary energy production using renewable energy resources includes both electricity generated using renewable resources, including hydropower, as well as renewable fuels (e.g., biofuels). The value of federal tax support for the energy sector was estimated to be $19.1 billion in 2010. Of this, roughly one-third ($6.3 billion) was for tax incentives that support renewable fuels. Another $6.7 billion can be attributed to tax-related incentives supporting various renewable energy technologies (e.g., wind and solar). Targeted tax incentives supporting fossil energy resources totaled $2.4 billion. This report provides an analysis of the value of energy tax incentives relative to primary energy production levels. Relative to their share in overall energy production, renewables receive more federal financial support through the tax code than energy produced using fossil energy resources. Within the renewable energy sector, relative to the level of energy produced, biofuels receive the most tax-related financial support. The report also summarizes the results of recently published studies by the Energy Information Administration (EIA) evaluating energy subsidies across various technologies. According to data presented in the EIA reports, the share of direct federal financial support for electricity produced using coal, natural gas and petroleum, and nuclear energy resources was similar in 2007 and 2010. Between 2007 and 2010, however, the share of federal financial support for electricity produced by renewables increased substantially, and federal financial support for refined coal disappeared. Projections of the annual cost of energy-related tax provisions through 2015 show that, under current law, tax-related support for renewable fuels will effectively disappear after 2012. The amount of tax-related support for renewable electricity is also scheduled to decline over time given the recent expiration of the Section 1603 grants in lieu of tax credits program and the scheduled expiration of other tax incentives for renewable electricity, such as the production tax credit (PTC). The value of energy-related tax provisions that benefit fossil fuels is projected to remain relatively constant over time, under current law, as most provisions that benefit fossil fuels are permanent Internal Revenue Code (IRC) provisions.


Book Synopsis Energy Tax Incentives by : Molly Sherlock

Download or read book Energy Tax Incentives written by Molly Sherlock and published by Createspace Independent Publishing Platform. This book was released on 2012-10-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The majority of energy produced in the United States is derived from fossil fuels. In recent years, however, revenue losses associated with tax incentives that benefit renewables have exceeded revenue losses associated with tax incentives benefitting fossil fuels. As Congress evaluates the tax code and various energy tax incentives, there has been interest in understanding how energy tax benefits under the current tax system are distributed across different domestic energy resources. In 2010, fossil fuels accounted for 78.0% of U.S. primary energy production. The remaining primary energy production is attributable to nuclear electric and renewable energy resources, with shares of 11.2% and 10.7%, respectively. Primary energy production using renewable energy resources includes both electricity generated using renewable resources, including hydropower, as well as renewable fuels (e.g., biofuels). The value of federal tax support for the energy sector was estimated to be $19.1 billion in 2010. Of this, roughly one-third ($6.3 billion) was for tax incentives that support renewable fuels. Another $6.7 billion can be attributed to tax-related incentives supporting various renewable energy technologies (e.g., wind and solar). Targeted tax incentives supporting fossil energy resources totaled $2.4 billion. This report provides an analysis of the value of energy tax incentives relative to primary energy production levels. Relative to their share in overall energy production, renewables receive more federal financial support through the tax code than energy produced using fossil energy resources. Within the renewable energy sector, relative to the level of energy produced, biofuels receive the most tax-related financial support. The report also summarizes the results of recently published studies by the Energy Information Administration (EIA) evaluating energy subsidies across various technologies. According to data presented in the EIA reports, the share of direct federal financial support for electricity produced using coal, natural gas and petroleum, and nuclear energy resources was similar in 2007 and 2010. Between 2007 and 2010, however, the share of federal financial support for electricity produced by renewables increased substantially, and federal financial support for refined coal disappeared. Projections of the annual cost of energy-related tax provisions through 2015 show that, under current law, tax-related support for renewable fuels will effectively disappear after 2012. The amount of tax-related support for renewable electricity is also scheduled to decline over time given the recent expiration of the Section 1603 grants in lieu of tax credits program and the scheduled expiration of other tax incentives for renewable electricity, such as the production tax credit (PTC). The value of energy-related tax provisions that benefit fossil fuels is projected to remain relatively constant over time, under current law, as most provisions that benefit fossil fuels are permanent Internal Revenue Code (IRC) provisions.


Renewable Energy

Renewable Energy

Author: Fred J. Sissine

Publisher:

Published: 2006

Total Pages: 16

ISBN-13:

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Renewable energy is derived from resources that are generally not depleted by human use, such as the sun, wind, and water movement. This report discusses various aspects of policy regarding renewable energy including tax credits and budget legislation.


Book Synopsis Renewable Energy by : Fred J. Sissine

Download or read book Renewable Energy written by Fred J. Sissine and published by . This book was released on 2006 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable energy is derived from resources that are generally not depleted by human use, such as the sun, wind, and water movement. This report discusses various aspects of policy regarding renewable energy including tax credits and budget legislation.


Renewable Energy

Renewable Energy

Author: Fred Sissine

Publisher:

Published: 2002

Total Pages: 0

ISBN-13:

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This report discusses budget issues regarding renewable energy programs. In the 108th Congress, debate over renewable energy programs has focused on tax credits, incentives, budget, and provisions of the omnibus energy policy bill H.R. 6.


Book Synopsis Renewable Energy by : Fred Sissine

Download or read book Renewable Energy written by Fred Sissine and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses budget issues regarding renewable energy programs. In the 108th Congress, debate over renewable energy programs has focused on tax credits, incentives, budget, and provisions of the omnibus energy policy bill H.R. 6.


Oversight of the Wind Energy Production Tax Credit

Oversight of the Wind Energy Production Tax Credit

Author: United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Energy Policy, Health Care, and Entitlements

Publisher:

Published: 2013

Total Pages: 88

ISBN-13:

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Book Synopsis Oversight of the Wind Energy Production Tax Credit by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Energy Policy, Health Care, and Entitlements

Download or read book Oversight of the Wind Energy Production Tax Credit written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Energy Policy, Health Care, and Entitlements and published by . This book was released on 2013 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Tax Credits for Electricity Production from Renewable Sources, Serial No. 109-47, May 24, 2005, 109-1 Hearing, *

Tax Credits for Electricity Production from Renewable Sources, Serial No. 109-47, May 24, 2005, 109-1 Hearing, *

Author:

Publisher:

Published: 2006

Total Pages:

ISBN-13:

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Book Synopsis Tax Credits for Electricity Production from Renewable Sources, Serial No. 109-47, May 24, 2005, 109-1 Hearing, * by :

Download or read book Tax Credits for Electricity Production from Renewable Sources, Serial No. 109-47, May 24, 2005, 109-1 Hearing, * written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: