Evaluation of State Taxes and Tax Incentives and Their Impact on the Development of Geothermal Energy in Western States
- Key words
- Economics; US Taxes; Energy Tax Credit; Tax Structure; Sales Tax; Property Tax; Income Tax; Investment Tax; USA; West US; US DOE; EEG
- Location
- Western United States
- Conference
- Geothermal Resources Council Transactions
- Year
- 1979
- Session
- Economics; Laws and regulations; Taxation; Direct use
- Language
- English
Abstract
The economic impact of existing and prospective state taxes and tax incentives on direct thermal applications of geothermal energy are evaluated. Study area in twelve western states which have existing potential geothermal activities. Economic models representing the geothermal producer and business enterprise phases of four industrial/commercial uses of geothermal energy are synthesized and then placed in the existing tax structures of each state for evaluation. The effects of the state taxations on net profits and tax revenues are determined. Tax incentive to accelerate geothermal development area also examined.
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