Federal tax effects on electric utility investment. [Quantitative effects of 7 tax policy changes]
Journal Article
·
· Eng. Econ.; (United States)
OSTI ID:7213576
This paper advances the hypothesis that the amount and timing of plant and equipment expenditures by privately owned Class A and B electric utilities are influenced by the cost of capital. It is shown that this cost of capital is influenced by Federal tax policy. The effects of the following seven tax policy changes on fixed capital investment expenditures are estimated: (1) the accelerated depreciation allowances, 1954; (2) the investment tax credit, 1962; (3) the corporate tax cut, 1964; (4) repeal of the Long amendment, 1954; (5) suspension of the investment tax credit, 1966; (6) re-instatement of the investment tax credit, 1967; (7) repeal of the investment tax credit, 1969. 7 footnotes, 33 references.
- Research Organization:
- Univ. of Toledo
- OSTI ID:
- 7213576
- Journal Information:
- Eng. Econ.; (United States), Journal Name: Eng. Econ.; (United States) Vol. 22:2; ISSN ENECA
- Country of Publication:
- United States
- Language:
- English
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