Table 7. Estimated Outlay Equivalent of Federal Energy Tax Expenditures by Type of Expenditure
and Form of Energy, Fiscal Year 1999
(Million Dollars)
| Tax Expenditures | Oil | Natural Gas | Coal | Oil, Gas, and Coal Combined | Alcohola | Other Energy | Certain Energy Facilities | Total |
| Preferential Tax Rates | ||||||||
| Capital Gains Treatment of Royalties on Coal | 0 | 0 | 85 | 0 | NA | 0 | 0 | 85 |
| Tax Deferrals | ||||||||
| Expensing of Exploration and Development Costs | NA | NA | NA | -90 | 0 | b0 | 0 | -90 |
| Exception from Passive Loss Limitation for Working Interests in Oil and Gas Properties | c18 | c18 | 0 | 0 | 0 | 0 | 0 | 35 |
| Tax Credits | ||||||||
| Enhanced Oil Recovery Credit | 245 | NA | NA | 0 | 0 | 0 | 0 | 245 |
| Alternative Fuel Production Credit | d0 | e1,030 | 0 | 0 | 0 | f0 | 0 | 1,030 |
| New Technology Credit | 0 | 0 | 0 | 0 | 0 | 0 | g40 | 40 |
| Alcohol Fuel Credith | 0 | 0 | 0 | 0 | 15 | 0 | 0 | 15 |
| Income-Reducing Measure | ||||||||
| Excess of Percentage Over Cost Depletion | NA | NA | NA | 295 | 0 | b0 | 0 | 295 |
| Total Before Component Interactions | 263 | 1,048 | 85 | 205 | 15 | 0 | 40 | 1,656 |
| Alcohol Fuels Excise Tax | 0 | 0 | 0 | 0 | 725 | 0 | 0 | 725 |
| aAlcohol for use as motor fuel. bThere may be small values for uranium, oil shale, and geothermal. Any such values are included in the value for coal. cDerived by allocating an aggregate value for oil and natural gas equally between the two forms of energy. The total value for oil and gas combined was $35 million. dThere may be small values for oil produced from shale and tar sands. Any such values are included in the value for natural gas. eAlthough the tax expenditure provision applies to oil, natural gas, solids, and steam produced from other than conventional sources, the $1,030 million income tax credit is estimated to be almost entirely for nonconventional natural gas. fThere may be small values for synthetic fuels produced from coal, fuel from qualified processed wood, and steam from solid agricultural byproducts. Any such values are included in the value for natural gas. gSolar, wind, biomass, and geothermal energy facilities. hIn addition to the income tax expenditures in the table, there is a gasoline excise tax preference which amounted to an estimated $725 million in fiscal year 1999. NA = Not available. Source: Office of Management and Budget, Analytical Perspectives, 2000 (Washington, DC, 1999). | ||||||||
File last modified: July 10, 2000
URL: http://www.eia.doe.gov/oiaf/servicerpt/subsidy/table_7.html
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