Analysis of Five Selected Tax Provisions of the Conference Energy Bill of 2003 |
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This report responds to a request received from Senator John Sununu on January 29, 2004, to perform an assessment of five specific tax provisions of the Conference Energy Bill of 2003. He requested that five tax provisions be assessed with regard to incremental energy production, change in petroleum imports, and tax revenue losses. The tax provisions were Section 45 credits for electricity produced from certain sources, the credit for electricity produced from advanced nuclear facilities, amortization of geological and geophysical expenditures over two years, extension and modification of Section 29 for producing fuels from nonconventional sources, and enhanced oil recovery tax credits.
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