Senate unit approves 40% coal-shift credit

Journal Article · Mon Oct 24 04:00:00 EDT 1977 · Energy User News; (United States)

OSTI ID:7279063

Minarcin, D

Differences in the House and Senate proposals for incentives and disincentives regarding conversion to coal are summarized as the two versions are debated in conference committee. Although the Senate approved a 40 percent investment tax credit for companies changing from oil and gas to other fuels, its opposition to President Carter's emphasis on taxes, which the House supports, will make compromise difficult. Senate rejection of crude oil tax measures is based on the added cost they will impose on oil users without assurance of new energy supplies. There is more agreement on the President's ten percent investment credit for energy conservation equipment than for conversion equipment. An amendment to demonstrate support for an energy development trust fund has been requested by the House Bill and Finance Committee in order to balance the tax proposals with loan guarantees for energy exploration and production. (DCK)

• OSTI ID: 7279063
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 2:42; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
017000 -- Coal
Lignite
& Peat-- Legislation & Regulations
02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
CARBONACEOUS MATERIALS
COAL
ECONOMIC POLICY
ECONOMICS
ENERGY CONSERVATION
ENERGY POLICY
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
FEDERAL ASSISTANCE PROGRAMS
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUEL SUBSTITUTION
FUELS
GASES
GOVERNMENT POLICIES
LEGISLATION
NATIONAL ENERGY PLAN
NATURAL GAS
PETROLEUM
TAXES