Proposed 2011 budget eliminates fossil fuel tax incentives By Mary Ellen Ternes

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The Office of Management and Budget has proposed for Fiscal Year 2011 to eliminate broad categories of financial incentives that preferentially benefit oil, natural gas and coal production. The proposed budget justifies these changes citing perceived market distortions and the goal to strengthen incentives for investments in what are claimed to be clean, renewable and more energy efficient technologies.

For coal, targeted eliminations include...

Article authored by McAffee & Taft Attorney: Mary Ellen Ternes.

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Published In: Energy & Utilities Updates, Environmental Updates, Finance & Banking Updates, Science, Computers & Technology Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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