Word: valorem
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
ENERGY TAXES The big one, in terms of money involved, numbers of people affected (just about everybody) and vehemence of opposition. Though Administration officials were insisting late last week that the type and amount were still unresolved, the choices had apparently narrowed to either an ad valorem levy, essentially a sales tax on the wholesale price of fuel, or a BTU (British thermal unit) tax based on the heat content of fuel. Either would apply to every kind of energy -- coal, oil, natural gas, nuclear and hydroelectric power -- and for every use -- running cars and trains, heating homes, firing factory...
...spread the pain as evenly as possible, Clinton is focusing on the so- called broad-based energy taxes that would hit producers and big customers like public utilities. Such proposals include a levy on the carbon content of each fuel and an ad valorem -- or sales -- tax on the wholesale price of energy. The front runner is a tax that would be levied on the amount of heat produced by a fuel, as measured in British thermal units. This BTU tax would achieve more pollution control than a straight sales tax and would be less draconian than a carbon levy...