Environmental Engineering Reference
In-Depth Information
10
Enhanced oil recovery credit
Energy
1994
0
11
Credit for holding clean
renewable energy bonds
Energy
2005
0
12
Deferral of gain from
dispositions of transmission
property to implement the
Federal Energy Regulatory
Commission's restructuring
policyd
Energy
2005
620
13
Credit for production from
advanced nuclear power
facilities
Energy
2005
0
14
Credit for investment in clean
coal facilities
Energy
2005
50
15
Temporary 50 percent
expensing for equipment used
in the refining of liquid fuels
Energy
2005
10
Federal tax expenditures
targeted at energy suppliers
and usersa
Budget
function
First
yearb
Estimated FY
2006 revenue loss
16
Pass through low sulfur diesel
expensing to cooperative
owners
Energy
2005
0
17
Natural gas distribution
pipelines treated as 15-year
property
Energy
2005
20
18
Amortize all geological and
geophysical expenditures over
2 years
Energy
2005
40
19
30 percent credit for
residential
purchases/installations of
solar and fuel cells
Energy
2005
10
20
Credit for business installation
of qualified fuel cells and
stationary microturbine power
plants
Energy
2005
80
21
Alternative Fuel and Fuel
Mixture tax credit
Energy
2005
170
22
Bio-Diesel and small agri-
biodiesel producer tax credits
Agriculture
2004
90
23
Expensing of small refiner
capital costs with respect to
complying with EPA sulfur
regulations
Natural
resources and
environment
2004
10
Total estimated tax
expenditurese
$5,700
Source: GAO analysis of tax expenditures reported by the Department of the Treasury.
