Energy and Environmental Tax Changes in the Flood of Recent Federal Revenue Laws and What They Imply

摘要

In the United States, the need for independence from foreign oil and gas sources, a desire for more domestic production to meet the growing demand for oil and gas, and an interest in reducing pollution from hydrocarbon usage has influenced many recent developments in federal tax legislation. In this Article, Richard A. Westin summarizes this recent legislation in an attempt to discover what direction Congress seems to be moving with regard to energy and the environment. He describes legislation affecting a number of relevant industries, provides information on predicted revenue effects, and offers brief commentary on each development.