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U.S. Department of Energy
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Tax scheme threatens shared-savings jobs

Journal Article · · Energy User News; (United States)
OSTI ID:5560390
An Internal Revenue Service challenge of a shared-savings tax shelter scheme that overvalues conservation equipment in order to attract investors may cost the suppliers of such equipment. The CSL Company asks users to relinquish about half their energy savings in exchange for not having to invest capital for the equipment. They are asked to give up all the tax benefits for depreciation, business investment, and energy tax credits. CSL overvalues the equipment by adding projected energy savings. Other firms hope that the action against CSL and the Fulham Group will not drive out funding for legitimate arrangements. (DCK)
OSTI ID:
5560390
Journal Information:
Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 7:15; ISSN EUSND
Country of Publication:
United States
Language:
English

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