Energy bill includes tax changes for plant decommissioning

Energy bill includes tax changes for plant decommissioning

Washington (Platts)--5Apr2004


Changes in the tax treatment of nuclear plant decommissioning costs are among
more than a dozen provisions in an energy tax package that was attached today
to a revamped bill aimed at simplifying international tax rules and increasing
American competition. Sen. Pete Domenici (R-N.M.) said the energy tax
provisions were added to a revised bill known as the Jobs (Jumpstart Our
Business Strength) Act, S. 1637, which was reintroduced by Majority Leader
Bill Frist (R-Tenn.). Domenici said he is trying to get energy-related
provisions passed through two separate bills and that he will focus his
attention on energy policy issues after the tax breaks are adopted.