Download or read book Oil and Gas Tax Incentives and Rising Energy Prices written by United States Senate and published by . This book was released on 2019-11 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and gas tax incentives and rising energy prices: hearing before the Committee on Finance, United States Senate, One Hundred Twelfth Congress, first session, May 12, 2011.

Download or read book Oil and Gas Tax Incentives and Rising Energy Prices written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-10-10 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and gas tax incentives and rising energy prices: hearing before the Committee on Finance, United States Senate, One Hundred Twelfth Congress, first session, May 12, 2011.

Download or read book Oil and Gas Tax Incentives and Rising Energy Prices written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2011 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Oil and Gas Tax Incentives and Rising Energy Prices written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2011 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rising Energy Prices and Alternative Energy Policies written by United States. Congress. House. Committee on the Budget. Task Force on Distributive Impacts of Budget and Economic Policies and published by . This book was released on 1977 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Incentives to Boost Energy Exploration written by United States. Congress. Senate. Committee on Finance. Subcommittee on Energy and Agricultural Taxation and published by . This book was released on 1990 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Oil and Gas Tax Provisions written by United States. Congress. Senate. Committee on Finance. Subcommittee on Energy, Natural Resources, and Infrastructure and published by . This book was released on 2009 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Policy written by United States. General Accounting Office and published by . This book was released on 1990 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Studies in Energy Tax Policy written by Gerard Marion Brannon and published by . This book was released on 1975 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Oil and Gas Tax Subsidies written by and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congressional policymakers are discussing the possibility of raising taxes on the oil and gas industry by (1) revoking the industry tax incentives enacted under the Energy Policy Act of 2005; (2) cutting or eliminating the traditional tax subsidies for oil and gas, which were expanded somewhat under the 2005 act; and (3) eliminating or reducing tax loopholes -- provisions (but not strictly tax subsidies) that are generally available to other domestic industries but that also benefit the oil and gas industry. The Energy Policy Act of 2005 (EPACT05, P.L. 109-58) included several oil and gas tax incentives, providing about $2.6 billion of tax cuts for the oil and gas industry. In addition, EPACT05 provided for $2.9 billion of tax increases on the oil and gas industry, for a net tax increase on the industry of nearly $300 million over 11 years. Energy tax increases comprise the oil spill liability tax and the Leaking Underground Storage Tank financing rate, both of which are imposed on oil refineries. If these taxes are subtracted from the tax subsidies, the oil and gas refinery and distribution sector received a net tax increase of $1,356 million ($2,857 million minus $1,501 million). EPACT05 was approved and signed into law at a time of very high petroleum and natural gas prices and record oil industry profits. The House approved the conference report on July 28, 2005, and the Senate on July 29, 2005, clearing it for the President's signature on August 8 (P.L. 109-58). However, the tax sections originated in the106th Congress, with its effort in 1999 to help the ailing domestic oil and gas producing industry, particularly small producers, deal with depressed oil prices. Subsequent price spikes prompted concern about insufficient domestic energy production capacity and supply. All the early bills appeared to be weighted more toward stimulating the supply of conventional fuels, including capital investment incentives to stimulate production and transportation of oil and gas. In addition to the tax subsidies enacted under EPACT05, the U.S. oil and gas industry qualifies for several other targeted tax subsidies (FY2006 revenue loss estimates appear in parenthesis): (1) percentage depletion allowance ($1 billion); (2) expensing of intangible drilling costs for successful wells and non-geological and geophysical costs for dry holes, including the exemption from the passive loss limitation rules that apply to all other industries ($1.1 billion); (3) a tax credit for small refiners of low-sulfur diesel fuel that complies with Environmental Protection Agency (EPA) sulfur regulations ($ 50 million); (4) the enhanced oil recovery tax credit ($0); and (5) marginal oil and gas production tax credits ($0). Finally, congressional policymakers have discussed the possibility of eliminating or reducing some of the tax advantages enjoyed by the domestic oil and gas industry that are also available to other industries: (1) accelerated depreciation; (2) the domestic production (or manufacturing) deduction under Internal Revenue Code ? 199; (3) last-in, first-out inventory accounting method; and (4) the foreign tax credit.

Download or read book Oil Control and Tax Incentives written by United States. Congress. House. Committee on Science and Technology. Subcommittee on Energy Development and Applications and published by . This book was released on 1981 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Past as Prologue II written by and published by . This book was released on 1982 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Harnessing American Resources to Create Jobs and Address Rising Gasoline Prices written by United States. Congress. House. Committee on Natural Resources and published by . This book was released on 2012 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Present Law and Proposals Relating to Increasing Domestic Energy Production and Reserves written by and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investing in Oil and Gas written by Kathy Heshelow and published by iUniverse. This book was released on 2008-07-22 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you are considering an investment in oil & gas, you need to read this book. Heshelow covers not only the big picture on oil & gas today, but also has compiled important facts any investor - or consumer - needs to know. Heshelow, who invests in these programs herself and assists investors on a daily basis, will lead you from the big picture right down to the basics on investments and energy. She provides the overview and details you absolutely need, and helps explain that: This investment can serve as a hedge against inflation, and a hedge against the high price of gas you pay at the pump; The drilling programs offer tremendous tax benefits; The investments offer potentially high cash flows. Now can be the right time for investors with the right profile to profit, and this book will help you determine if it right for you!

Download or read book Oil Industry Tax Breaks written by Carl Levin and published by . This book was released on 2012 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Still Not Getting Energy Prices Right A Global and Country Update of Fossil Fuel Subsidies written by Ian Parry and published by International Monetary Fund. This book was released on 2021-09-24 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated estimation of costs and impacts of reform. Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 percent of GDP, and are expected to rise to 7.4 percent of GDP in 2025. Just 8 percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies) and 92 percent for undercharging for environmental costs and foregone consumption taxes (implicit subsidies). Efficient fuel pricing in 2025 would reduce global carbon dioxide emissions 36 percent below baseline levels, which is in line with keeping global warming to 1.5 degrees, while raising revenues worth 3.8 percent of global GDP and preventing 0.9 million local air pollution deaths. Accompanying spreadsheets provide detailed results for 191 countries.