Energy Tax Act

The Energy Tax Act (Pub.L. 95-618, 92 Stat. 3174, enacted November 9, 1978) is a law passed by the U.S. Congress as part of the National Energy Act. The objective of this law was shift from oil and gas supply toward energy conservation; thus, to promote fuel efficiency and renewable energy through taxes and tax credits.

Read more about Energy Tax Act:  Tax Credits For Conservation, Gas Guzzler Tax

Famous quotes containing the words energy, tax and/or act:

    Three elements go to make up an idea. The first is its intrinsic quality as a feeling. The second is the energy with which it affects other ideas, an energy which is infinite in the here-and-nowness of immediate sensation, finite and relative in the recency of the past. The third element is the tendency of an idea to bring along other ideas with it.
    Charles Sanders Peirce (1839–1914)

    I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.
    Henry David Thoreau (1817–1862)

    Wonderful “Force of Public Opinion!” We must act and walk in all points as it prescribes; follow the traffic it bids us, realise the sum of money, the degree of “influence” it expects of us, or we shall be lightly esteemed; certain mouthfuls of articulate wind will be blown at us, and this what mortal courage can front?
    Thomas Carlyle (1795–1881)