Legislative comment: the Windfall Profit Tax Act and taxpayer double dipping

Journal Article · Mon Sep 01 00:00:00 EDT 1980 · Sol. Law Rep.; (United States)

OSTI ID:6277268

Minan, J H; Lawrence, W H

The Windfall Profit Tax Act amends the Energy Tax Act to limit taxpayer double dipping - receiving both government energy grants or government-subsidized financing and the residential solar income tax credit. The Internal Revenue Code also prevents a reduction in capital gains tax on sale of the taxpayer's residence, based on an energy expenditure for which a tax credit is given. Although these provisions preserve a certain symmetry in the tax code, they reduce the incentives for solar and conservation expenditures.

• OSTI ID: 6277268
• Journal Information: Sol. Law Rep.; (United States), Journal Name: Sol. Law Rep.; (United States) Vol. 2:3; ISSN SLRED
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
299001 -- Energy Planning & Policy-- Solar-- (1989-)
AMENDMENTS
ENERGY
ENERGY SOURCES
ENERGY TAX ACT
FINANCIAL INCENTIVES
GRANTS
LAWS
NATIONAL ENERGY ACT
RENEWABLE ENERGY SOURCES
RESIDENTIAL SECTOR
SOLAR ENERGY
TAXES
WINDFALL PROFITS TAX