Tax exempt

The Energy PoHcy Act of 1992 (H.R. 776) has Hberalized the rules concerning biofuels and provides tax incentives for increased usage. Many states also have gasohol fuel tax exemptions in place, and some have enacted legislation that requites use of oxygenated fuels under certain conditions. Most of these laws impact favorably on biofuels usage. 

Several states that have a large number of CPI plants offer various types of tax incentives. Louisiana, for instance, offers a 10-yr tax exemption from property taxes on buildings, equipment, and improvements to land (2). Texas, which has a large petrochemical industry, offers a 7-yr tax abatement program. Neither of these states have a state income tax. Both states offer a tax credit for each job created and provide free worker training. 

Many firms are finding areas such as Ireland, Scotland, Spain, and southern Italy, where unemployment rates are relatively high and governments offer property tax exemptions, grants toward capital investment, low interest loans, and other incentives, attractive from those standpoints. Some of these areas have developed a good infrastmcture based on businesses already attracted to the area. 

ACSH is a consumer education consortium concerned with issues related to food, nutrition, chemicals, pharmaceuticals, lifestyle, the environment and health. ACSH is an independent, nonprofit, tax-exempt organization. 

In addition to specific deductions and credits, the Tax Code permits state and local governments to issue bonds on which the interest is exempt from federal income tax. This provision means that states and local governments can borrow at interest rates below those paid by private corporations. Municipally owned electricity providers often can issue tax-exempt debt the lower interest rate may have the effect of increasing the provision of electricity by these entities. 

As mentioned above, state and local governments can boiTow at relatively low interest rates by issuing tax-exempt debt, and this finance technique is used to a gi eat extent in highway and road construction. By reducing the cost of road construction, tax-exempt debt may increase the amount of construction undertaken, thereby increasing the demand for fuels. 

In the late 1960s the biggest incentives were available in Puerto Rico. As a result, petrochemical investments in Puerto Rico may exceed 1,500,000,000 by 1975. The major baits were tax exemptions and free ports. Companies making products not produced in Puerto Rico previous to 1947 (true for nearly any chemical) could be granted 100% income tax exemptions for up to 17 years. They were also allowed to avoid the import duties on certain raw materials. For instance, in 1970 (naphtha), an important feedstock for producing petrochemicals, could be obtained on the world market at half its selling price in the United States.3,14... 

Setting up ones own retirement plan holds two advantages a deduction may be made against the current income, and the money appropriated under the plan remains tax-exempt for a specified period of time. Self-employed individuals may choose from two plans, an individual plan or the Keogh (HR-10) plan. Those not self-employed may only establish an individual-type retirement plan. These plans are governed by specific requirements for eligibility and certain restrictions applied when the plan is in effect. 

To further stimulate the drive to safer substitutes, a fee could be levied on users of all authorised chemicals. This fee could be used to centralise and disseminate information on alternatives, and fund research. At the same time, any direct or indirect subsidies and tax exemptions to the chemical industry should be withdrawn. 

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In order to maintain its independence, the Cato Institute accepts no government funding. Contributions are received from foundations, corporations, and individuals, and other revenue is generated from the sale of publications. The Institute is a nonprofit, tax-exempt, educational foundation under Section 501 (c)3 of the Internal Revenue Code. 

The transportation costs vary between 10-20 US /1000m3 for 1000 km, in accordance with pipelines capacity, their location (onshore/offshore) and total distance. The transit fee equal 5-10 % of transported gas price, and varies in accordance with international and currently existing practice for various countries. The tax exemptions for the Blue Stream pipeline on the Russian and Turkish territories, which allow substantial improvement of the economy, are also taken into consideration. 

To remedy this problem, in the mid-1980s, Minnesota converted its state ethanol incentive from a consumer-oriented excise tax exemption to a producer-oriented direct payment. Instead of reducing state gasoline taxes by a couple of pennies for a 10% ethanol blend, the state paid 20(2 /gal for ethanol produced within the state. To encourage the construction of... 

As an EMS lawyer explained to Samuel Epstein, tax law at the time precluded organizations with tax-exempt status from utilizing a substantial part of its activities in attempting to influence legislation, but that an organization will not fail to qualify... 

Another channel for laundering dirty drug money — a channel yet to be compromised by federal investigative agencies — is important to note here. This is the use of tax-exempt foundations to finance terrorism and environmentalism. One immediately relevant case makes the point. 

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