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1 [1] (November 8, 2017)

handle is hein.crs/crsmthmbdff0001 and id is 1 raw text is: CRS INSIGHT Energy Tax Provisions in the Tax Cuts and Jobs Act (H.R. 1) November 8, 2017 (IN10813) I Related Authors MolY F, She~rlock Joseph S. Hughes Molly F. Sherlock, Specialist in Public Finance (rnsherlQochiicrs lc, ov, 7-7797) Joseph S. Hughes, Research Assistant (,hughesacrs lc gov 7-0952) The Tax Cuts and Jobs Act (HR 1) proposes a number of changes to energy-related tax provisions. These changes are summarized in Table 1. H.R. I includes a broad restructuring of the federal income tax system. A full analysis of the consequences of this proposal for the energy sector, or various subsets of the energy sector, is beyond the scope of this Insight. Table 1. Energy Tax Provisions in H.R. 1 Current Law 10-Year Change in Revenues ($ billions) H.R. 1 Credit for new qualified plug-in electric vehicles $0.2 Credit up to $7,500 for plug- Credit repealed. in electric vehicles. Credit phases out at 200,000 vehicles per manufacturer.

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