Federal Financial Interventions and Subsidies in Energy Markets 1999: Primary Energy - Estimated Revenue Loss and Outlay Equivalent, 1987-2004

Estimated Revenue Loss and Outlay Equivalent, 1987-2004⁽¹⁰⁶⁾
(Million Nominal Dollars)

Fiscal Year	Revenue Loss			Outlay Equivalent^a(Total)
Fiscal Year	Individuals	Corporations	Total	Outlay Equivalent^a(Total)
1987	10	140	150	180
1988	0	80	80	95
1989	0	80	80	110
1990	0	75	75	110
1991	0	75	75	110
1992	0	45	45	65
1993	0	55	55	85
1994	0	60	60	80
1995	0	30	30	195
1996	0	60	60	40
1997	0	25	25	80
1998	0	30	30	30
1999	0	30	^b30	40
2000	0	35	^b35	45
2001	0	40	^b40	50
2002	0	40	^b40	55
2003	0	35	^b35	55
2004	0	35	^b35	40
^aAn outlay equivalent is the amount of the outlay that would be required to provide the taxpayer with the same after-tax income as would be received through the tax preference. ^bAccording to the Department of treasury, the investment tax credit portion is one-fourth to one-third of this total; the remainder is the production tax credit, which is discussed in the next fact sheet. Note: May include unknown amounts that apply to tax expenditure provisions that expired before January 1, 1992, and which were not new technology credits. Note: All estimates have been rounded to the nearest $5 million. Sources: 1987-1992: Office of Management and Budget, Budget of the United States Government, Fiscal Year 1993 (Washington, DC, 1992). Also earlier editions. 1993-2004: Office of Management and Budget, Analytical Perspectives, 2000 (Washington, DC, 1999). Also earlier editions.