Tax Analysts provides information on renewable energy and taxation of natural resources, including commentary, news, statutes, regulations, court decisions, and IRS guidance.
Natural resources can be taxed under the income tax system and be subject to special resource taxes. Oil, gas, minerals, timber, alternative energy, and renewable energy resources are natural resources that may receive different tax treatment than other property.
Natural resource industries may also receive tax treatment that is more favorable than for other industries if they receive favorable treatment of capital expenses like exploration and development, depletion, and costs of acquiring resource properties. Special resources taxes impose tax on rents above income tax levies.
Tax Analysts publishes articles by experts on innovative ideas such as using the REIT structure to create clean energy investments and how like-kind exchanges can be useful for the green economy. Commentary on natural resources includes comparison of renewables with fossil fuel assets. Material on tax treaties and international tax law treatment of natural resources is also available.
Taxation of natural resources topics include tax credits for nonconventional fuel under section 29, electricity production under internal revenue code section 45, and reforestation under section 48. Along with news and analysis of energy tax credits, Tax Analysts offers resources on related rules, such as the at-risk rules under section 49 and related regulations computing credit for investment in depreciable property and the 2005 Energy Tax Incentives Act, as well as oil and gas percentage depletion limits under section 613A and the 2008 Energy Improvement and Extension Act.
Tax Analysts consistently and promptly publishes all relevant developments regarding taxation of natural resources and renewable energy.