This paper provides background information regarding the possibility of using credits against Federal income tax to assist electric utilities in financing the cost of retrofitting to reduce sulfur dioxide emissions.,CRS 83-544 E,"July 28, 1983.",SuDoc# LC 14. 18/3

This report provides estimates, based on disaggregate data, of the distributional effects of the Administration tax reform proposal announced in May 1985. This report is a supplement to CRS report no. 85-159 E.,Donald W. Kiefer, Specialist in Public Finance, Economics Division.,A supplement to CRS Report No. 85-159 E, Distributional Effects of the Treasury and Administration Tax Reform Proposals, August 9, 1985.,CRS 85-992 E,"October 9, 1985.",SuDoc# LC 14. 18/3

This paper examines the recent claims that the published 1982 tax return data show that the tax cut in the Economic Recovery Tax Act of 1981 induced upper-income taxpayers to relay less heavily on tax shelters and to pay more, not less, income tax. The report indicates that the tax return data neither prove nor disprove these claims because they do not enable separating other effects, for example, normal income growth and short-term tax planning activities, from the long-term incentive effects of the tax cut. The implications for tax equity are also discussed.,Abstract -- Introduction and Summary -- The Controversy and Recent Claims -- An Examination of the Upper-Income Tax Return Data -- A Brief Examination of the Equity Issue.,CRS 84-702 E,"July 31, 1984.",SuDoc# LC 14. 18/3

This report provides a background discussion of accelerated depreciation, the investment tax credit, and their required ratemaking treatment in the public utility industry. "Excess deferred taxes," which result from the tax rate decrease in the Tax Reform Act of 1986, are also discussed. The report summarizes the legislative history and discusses the extent to which the required ratemaking treatments are consistent with the underlying economic effects of the tax benefits. A final section provides data on the amounts of accumulated deferred income taxes and investment tax credits in the electric, telephone, and gas utility industries since enactment of the tax provisions.