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The United States face enormous challenges in the energy area. Climate change, biofuels policy, energy security and environmental degradation are all intimately bound up with energy production and consumption. Historically, the federal government has relied on tax subsidies to effect energy policy. With mounting federal deficits, policymakers and advocates are increasingly calling for a rethinking of our energy tax policy. How can the federal tax code strengthen environmental policy and reduce security concerns in the area of energy? The authors tackle such difficult problems as climate change, efficient taxation of oil and gas, and optimal oil tax policy in a world with OPEC oil producers dominating world oil supply. This volume presents a number of innovative policy suggestions backed by sophisticated and cutting-edge research carried out by leading scholars in the area of energy taxation

"The United States faces enormous challenges in the energy area. Climate change, biofuels policy, energy security, and environmental degradation are all intimately bound up with energy production and consumption. Historically, the federal government has relied on tax subsidies to effect energy policy. With mounting federal deficits, policymakers and advocates are increasingly calling for a rethinking of our energy tax policy. How can the federal tax code strengthen environmental policy and reduce security concerns in the area of energy? This book brings together leading tax scholars to answer this question. The authors tackle such difficult problems as climate change, efficient taxation of oil and gas, and optimal oil tax policy in a world with OPEC oil producers dominating world oil supply. This volume presents a number of innovative policy suggestions backed by sophisticated and cutting-edge research carried out by leading scholars in the area of energy taxation. Scholars and policymakers alike will appreciate the incisive analysis and discussion of critical issues that are part of the twenty-first-century energy challenge"--

Abstract
This paper examines if an energy price shock should be compensated by a reduction in energy taxes to mitigate its impact on consumer prices. It shows that the consumer price should not increase by as much as the producer price, implying a small reduction in the energy tax in dollars. The energy tax rate, on the other hand, decreases sharply. This decline is primarily due to an adjustment in the Pigouvian component: A constant marginal social damage being divided by a higher producer price. The redistributive component of the tax remains at about 10% of the social cost of energy.

Abstract
What accounts for the existence of positive energy taxes in the US, given that such taxes are regressive and that the income distribution is skewed to the right? The traditional majority-voting equilibrium approach suggests a subsidy; thus we also look at two alternatives. These are the probabilistic-voting model and Roemer's (2001) model of political competition with the "Party Unanimity Nash Equilibrium" (PUNE) as the equilibrium solution concept. Our economic model is calibrated on the basis of the US data. The paper shows that while the majority-voting approach calls for a massive subsidy, the PUNE approach leads to huge environmental taxes. Our tentative results suggest that the probabilistic model, wherein parties assume that the proportion of unbiased voters is the same in all categories of income, comes closest to explaining the observed US energy taxes.

This report discusses the history, current posture, and outlook for federal energy tax policy. It also discusses current energy tax proposals and major energy tax provisions enacted in the 109th Congress.

"We take a first look at limitations on the use of energy-related tax credits contained in the General Business Credit (GBC) due to limitations within the regular corporate income tax as well as the AMT. Between 2000 and 2005, firms were unable to use all energy-related tax credits due to GBC limitations in the regular tax. The AMT has a smaller but still pronounced impact on the ability of firms to use these credits. Finally, we provide some illustrative calculations to demonstrate how the AMT can lead to very different levelized costs of producing electricity from a wind power project"--National Bureau of Economic Research web site

Intro -- ENERGY TAXES POLICY PERSPECTIVE AND ISSUES FOR CONSIDERATION -- ENERGY TAXES POLICY PERSPECTIVE AND ISSUES FOR CONSIDERATION -- Library of Congress Cataloging-in-Publication Data -- CONTENTS -- PREFACE -- Chapter 1 ENERGY TAX POLICY: HISTORICAL PERSPECTIVES ON AND CURRENT STATUS OF ENERGY TAX EXPENDITURES -- SUMMARY -- A BRIEF HISTORY OF ENERGY TAX POLICY -- PROVISIONS INTRODUCED UNDER THE ENERGY TAX ACT OF 1978 AND THE WINDFALL PROFIT TAX ACT OF 1980 -- ENERGY TAX SUBSIDIES IN THE ENERGY POLICY ACT OF 2005 (EPACT05)18 -- ECONOMIC RATIONALE FOR INTERVENTION IN ENERGY MARKETS21 -- ENERGY TAX EXPENDITURES -- COMPARING TAX EXPENDITURES FOR FOSSIL FUELS, RENEWABLES, AND EFFICIENCY -- OTHER ENERGY TAX PROVISIONS -- CONCLUSION -- APPENDIX A. DATA TABLES -- APPENDIX B. CUMULATIVE REVENUE LOSSESASSOCIATED WITH VARIOUS TAX PREFERENCES -- Chapter 2 ENERGY TAX POLICY: ISSUES IN THE 113TH CONGRESS -- SUMMARY -- INTRODUCTION -- POLICY INTERVENTION IN ENERGY MARKETS -- CURRENT STATUS OF U.S. ENERGY TAX POLICY -- ENERGY TAX ISSUES IN THE 113TH CONGRESS -- APPENDIX. ENERGY TAX LEGISLATION IN PAST CONGRESSES -- INDEX.

Abstract
This paper investigates the impact of a large electricity tax exemption on production levels, employment, and input choices in the German manufacturing industry. For two policy designs, we show that exempted plants increase their electricity use. This effect is larger under a notched exemption policy, where passing an eligibility threshold yields infra-marginal benefits, compared to a policy without such benefits. We detect no significant impact of the exemptions on production levels, export shares, and employment. Using counterfactual simulations, we document that notched policies substantially distort firms' production input choices when financial stakes are high and compliance costs are low.