Do the critics of electric car tax breaks want to eliminate all of the tax breaks and subsidies that the oil industry gets? Why should the oil and nuclear industry get lots of tax breaks, loan guarantees, and subsidies while green technology companies like Tesla don't get them?
Summary of fossil-fuel support to petroleum – United States
Severance Tax Exemptions for Crude Oil (TX)
Development Credit for Certain Producers (AK)
Exclusion of Low-Volume Oil & Gas Wells (WV)
Income support
Exception from Passive Loss Limitation (Federal)
Support for capital formation
Expensing of Exploration and Development Costs (Federal)
Excess of Percentage over Cost Depletion (Federal)
Temporary Expensing of Equipment for Refining (Federal)
Aid to Small Refiners for EPA Capital Costs (Federal)
Enhanced Oil Recovery Credit (Federal)
Sales Tax Exemption for Oil & Gas Equipment (TX)
Qualified Capital Expenditure Credit (AK)
Alternative Credit for Exploration (AK)
Support for knowledge creation
Amortisation of Geological Expenditure (Federal)
Consumer Support Estimate
Consumption
Low-Income Home Energy Assistance Program (Federal)
Small Municipality Energy Assistance Program (AK)
Power Cost Equalization (AK)
Alaska Heating Assistance Program (AK)
Gasoline Tax Exemptions (TX)
Fuel Tax Exemptions for Farmers (Federal)
Consumption
Fuel Tax Exemption for Aviation (WV
Fuel Tax Exemption for Dyed Diesel (WV)
Fuel Tax Exemption for Propane (WV)
Fuel Tax Exemption for County Boards of Education (WV)
Fuel Tax Exemption for Certain Public Administrations (WV)
Fuel Tax Exemption for Certain Off-Highway Uses (WV)
General Services Support Estimate
Strategic Petroleum Reserve (Federal)
Fossil Energy R&D (Federal)
Northeast Home Heating Oil Reserve (Federal)
Fossil Fuel Subsidies: Overview - Oil Change InternationalOil Change International
http://priceofoil.org/wp-content/uploads/2012/04/OECD.US_.2009.2010-FIN.xlsx
"Triumph of the Drill"
Triumph of the Drill: How Big Oil Clings to Billions in Government Giveaways | Mother Jones
"As Oil Industry Fights a Tax, It Reaps Subsidies"
Log In - The New York Times
Read the definition of SUBSIDY ...
Subsidy - Wikipedia, the free encyclopedia
Excerpt:
Although commonly extended from Government, the term subsidy can relate to ANY TYPE OF SUPPORT - for example from NGOs or implicit subsidies. Subsidies come in various forms including: DIRECT (cash grants, interest-free loans) and INDIRECT (tax breaks, insurance, low-interest loans, depreciation write-offs, rent rebates).
Summary of fossil-fuel support to petroleum – United States
Severance Tax Exemptions for Crude Oil (TX)
Development Credit for Certain Producers (AK)
Exclusion of Low-Volume Oil & Gas Wells (WV)
Income support
Exception from Passive Loss Limitation (Federal)
Support for capital formation
Expensing of Exploration and Development Costs (Federal)
Excess of Percentage over Cost Depletion (Federal)
Temporary Expensing of Equipment for Refining (Federal)
Aid to Small Refiners for EPA Capital Costs (Federal)
Enhanced Oil Recovery Credit (Federal)
Sales Tax Exemption for Oil & Gas Equipment (TX)
Qualified Capital Expenditure Credit (AK)
Alternative Credit for Exploration (AK)
Support for knowledge creation
Amortisation of Geological Expenditure (Federal)
Consumer Support Estimate
Consumption
Low-Income Home Energy Assistance Program (Federal)
Small Municipality Energy Assistance Program (AK)
Power Cost Equalization (AK)
Alaska Heating Assistance Program (AK)
Gasoline Tax Exemptions (TX)
Fuel Tax Exemptions for Farmers (Federal)
Consumption
Fuel Tax Exemption for Aviation (WV
Fuel Tax Exemption for Dyed Diesel (WV)
Fuel Tax Exemption for Propane (WV)
Fuel Tax Exemption for County Boards of Education (WV)
Fuel Tax Exemption for Certain Public Administrations (WV)
Fuel Tax Exemption for Certain Off-Highway Uses (WV)
General Services Support Estimate
Strategic Petroleum Reserve (Federal)
Fossil Energy R&D (Federal)
Northeast Home Heating Oil Reserve (Federal)
Fossil Fuel Subsidies: Overview - Oil Change InternationalOil Change International
http://priceofoil.org/wp-content/uploads/2012/04/OECD.US_.2009.2010-FIN.xlsx
"Triumph of the Drill"
Triumph of the Drill: How Big Oil Clings to Billions in Government Giveaways | Mother Jones
"As Oil Industry Fights a Tax, It Reaps Subsidies"
Log In - The New York Times
Read the definition of SUBSIDY ...
Subsidy - Wikipedia, the free encyclopedia
Excerpt:
Although commonly extended from Government, the term subsidy can relate to ANY TYPE OF SUPPORT - for example from NGOs or implicit subsidies. Subsidies come in various forms including: DIRECT (cash grants, interest-free loans) and INDIRECT (tax breaks, insurance, low-interest loans, depreciation write-offs, rent rebates).