Main Title |
Tax Considerations Related to the Creation, Financing, Banking, Use and Disposition of ERCS in Controlled Trading Approaches to Air Pollution. |
Author |
Baker, E. P. ;
Winslow, Peter H. ;
|
CORP Author |
ICF, Inc., Washington, DC.;Environmental Protection Agency, Washington, DC. |
Year Published |
1982 |
Report Number |
EPA-68-01-5845; EPA-230/01-82-001; |
Stock Number |
PB83-148361 |
Additional Subjects |
Air pollution ;
Taxes ;
Financing ;
Sales ;
Emission reduction credit ;
Clean Air Act ;
Tax credits
|
Holdings |
Library |
Call Number |
Additional Info |
Location |
Last Modified |
Checkout Status |
NTIS |
PB83-148361 |
Some EPA libraries have a fiche copy filed under the call number shown. |
|
07/26/2022 |
|
Collation |
86p |
Abstract |
Emissions trading, under the Clean Air Act, includes bubbles, netting, emission offsets, emission reduction banking, and is the subject of an EPA proposed Policy Statement (47 Fed. Reg. 15076, Apr. 7, 1982). These alternatives involve the creation of surplus reductions at certain stacks or vents and use of these reductions to meet requirements applicable to other emission sources. Emissions trades can provide more flexibility, and may therefore be used to reduce control costs, encourage faster compliance and free scarce capital for industrial revitalization. This paper discusses tax considerations regarding the currency of emissions trading, the Emission Reduction Credit, or ERC. Major issues include: (1) tax benefits available to a firm creating an ERC, (2) financing issues, (3) tax attributes of an ERC, and (4) ERC sales and option transactions. Like most business and financial activity, ERC transactions turn substantially on tax issues. The study includes issues raised by the Economic Recovery Tax Act of 1981. |
Supplementary Notes |
See also PB81-214249. Prepared in cooperation with Scribner, Hall, Thornburg and Thompson, Washington, DC. |
NTIS Title Notes |
Final rept.. |
PUB Date Free Form |
Jan 82 |
Category Codes |
5C; 13B; 96A; 68A; 91J; 91A |
NTIS Prices |
PC A05/MF A01 |
Primary Description |
100/00 |
Document Type |
NT |
Cataloging Source |
NTIS/MT |
Control Number |
311922569 |
Origin |
NTIS |
Type |
CAT |