Provisions in the tax law that promote energy conservation and more use of alternative (non-fossil)fuels can be justified by:

Question

Quizplus · Accepted Answer

Provisions in the tax law that promote energy conservation and alternative (non-fossil) fuels can be justified economically and socially. Energy conservation helps reduce dependence on finite resources and supports the transition towards renewable energy sources. It can also lead to cost savings for individuals and businesses in the long run. Furthermore, promoting alternative fuels can help reduce greenhouse gas emissions and improve air quality, resulting in a healthier environment for all. While political considerations and administrative feasibility may play a role in crafting and implementing these provisions, the economic and social benefits are the primary justifications. Encouragement of small businesses may be a secondary benefit but not the main justification.

Provisions in the Tax Law That Promote Energy Conservation and More