Environmental Engineering Reference
In-Depth Information
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report. GAO staff who made major contributions to this report are listed in
appendix VI.
Jim Wells Director,
Natural Resources and Environment
A
PPENDIX
I.
E
STIMATED
F
EDERAL
T
AX
E
XPENDITURES
T
ARGETED AT
E
NERGY
S
UPPLIERS AND
U
SERS
,
F
ISCAL
Y
EAR
2006
Dollars in millions
Federal tax expenditures
targeted at energy suppliers
and usersa
Budget
function
First
yearb
Estimated FY
2006 revenue loss
1
Capital gains treatment of
royalties on coal
Energy
1974
$90
2
Excess of percentage over
cost depletion, fuels
Energy
1974
670
3
Expensing of exploration and
development costs, fuels
Energy
1974
680
4
New technology credits
(addresses energy production
from several technologies,
including wind and solar
energy)
Energy
1978
510
5
Alcohol fuel creditsc
Energy
1980
40
6
Alternative fuel production
credit
Energy
1980
2,390
7
Exclusion of interest on
energy facility bonds
Energy
1980
90
8
Exception from passive loss
limitation for working
interests in oil and gas
properties
Energy
1988
40
9
Tax credit and deduction for
clean-fuel burning vehicles
Energy
1992
90
