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Although the Eastern Gas Shales Project had increased gas production in the Appalachian and Michigan basins, shale gas was still widely seen as marginal to uneconomic without tax credits, and shale gas provided only 1.6% of US gas production in 2000, when the federal tax credits expired.
A tax is a price control, while a cap-and-trade system is a quantity control instrument. [54] That is, a tax is a unit price for pollution that is set by authorities, and the market determines the quantity emitted; in cap and trade, authorities determine the amount of pollution, and the market determines the price. [55]
The American Chemistry Council determined that a 25% increase in the supply of ethane (a liquid derived from shale gas) could add over 400,000 jobs across the economy, provide over $4.4 billion annually in federal, state, and local tax revenue, and spur $16.2 billion in capital investment by the chemical industry. [76]
Groundwater treatment systems will be installed near a military base in northern Michigan to address contamination from high levels of toxic, widely used “forever chemicals,” the U.S ...
Also subject to 6.25% state sales tax and varying local and municipal sales taxes. [10] Interstate carriers are subject to interstate motor fuel use higher taxes. [11] Indiana: 51.1: 54.00: Indiana has two taxes on gasoline — a 7% sales tax (that is calculated monthly) and a tax directed to infrastructure projects. [12] Iowa: 30.00: 32.50 ...
At the heart of the case is a disagreement over what is meant by the words "current rate" in the 2015 legislation that triggered the tax cut. Business groups appeal to Michigan Supreme Court over ...
(The Center Square) – Three bipartisan bills passed by the Michigan House would create the Michigan Innovation Fund, which would use taxpayer dollars to provide grants to certain venture capital ...
The current state of carbon emissions trading shows that roughly 22% of global greenhouse emissions are covered by 64 carbon taxes and emission trading systems as of 2021. [38] Energy intensive industries that are covered by such instruments may view the regulatory disparity between jurisdictions as a loss of competitiveness.