Internationa
Tax Effect-M
US Income Tax Form 1040 (2007), line 50:
Residential energy credits.
Attach Form 5695:
Purpose of Form
Use Form 5695 to figure and take your residential
energy credits. The residential energy credits are:
The nonbusiness energy property credit, and
The residential energy efficient property credit.
Who Can Take the Credits
You may be able to take these credits if you made
energy saving improvements to your home located in
the United States in 2007. For credit purposes, costs
are treated as being paid when the original installation
of the item is completed, or in the case of costs
connected with the construction or reconstruction of
your home, when your original use of the constructed
or reconstructed home begins. If less than 80% of the
use of an item is for nonbusiness purposes, only that
portion of the costs that are allocable to the
nonbusiness use can be used to determine the credit.
Home. A home is where you lived in 2007 and may
include a house, houseboat, mobile home, cooperative
apartment, condominium, and a manufactured home
that conforms to Federal Manufactured Home
Construction and Safety Standards.
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Comparing line 50 of USA Individual Income Tax 2007 (in tax year 2006, it was line 52) with Taiwan’s system for encouraging home owners (not factories owners or public buildings) to consume energy saving products:
※ 資料來源︰經濟部能源委員會 (Above all have listed by 經濟部能源委員會, NOT too many are appliable to homeowners.) 獎勵補助措施一覽表 獎 勵 措 施 補助方式及標準 占設置成本比例 補 助 對 象 設備補助 太陽能熱水系統推廣獎勵辦法
(89.01.26發布)按其所購置之集熱器種類及有效集熱面積予以補助 (平方公尺) 15-20% 1.用戶(中華民國國民或法人)購置合格產品。
2.以新品為限。本 島 離 島 1.面蓋式平板集熱器︰ 1,500元 3,000元 2.真空管式集熱器︰ 1,500元 3,000元 3.無面蓋平板集熱器︰ 1,000元 2,500元 4.其他型式之集熱器︰ 本、離島由主管機關核定 風力發電示範系統設置補助辦法(89.03.22發布) 每kW之補助金額︰<1.6萬元 <50% 中華民國國民或法人於本辦法施行後在臺灣及離島地區新設或擴增示範系統，且未曾獲得補助者。 太陽光電發電示範系統設置補助辦法(89.05.31發布) 每峰kW之補助金額︰
1.併聯型︰<11萬元
2.獨立型︰<15萬元 <50% 中華民國國民或法人於本辦法施行後在臺灣及離島地區新設或擴增示範系統，且未曾獲得補助者。 財稅獎勵 促進產業升級條例 (88.12.31修正發布) 1.抵減營利事業所得稅10-20%
2.二年加速折舊
3.低利貸款︰按交通銀行基本放款利率減2.125%-2.25%計息— 以公司為限
‧購置利用太陽能熱水器、風力發電、太陽光電、小水力發電、地熱利用、生質與廢棄物能利用等設備均得適用。公司購置節約能源或利用新及淨潔能源設備或技術適用投資抵減辦法
(89.07.19修正發布)購 電 費 率 1.以汽電共生裝置容量20%以上之購電費率(即迴避成本)收購
2.以汽電共生購電費率收購(環保署另提供沼 氣發電獎勵金每度0.3～0.5元)— 1.小水力、地熱、風力、太陽光電及垃圾焚化發電系統。
2.垃圾掩埋場沼氣發電系統。
USA central government shrinks its revenue if taxpayers are willing to use energy saving products for their homes AND are willing to fill out form 5695.
Taiwan’s central government once expended (太陽能熱水系統推廣獎勵辦法) its spending by giving subsidies to homeowners who had installed energy saving products and filled out forms.
Two very different ways of playing the "game" of approaching “energy saving” for its individuals.
One shrinks its incoming; one expends its outcoming.
Of course, that's because I am doing my federal tax form.
(Do you know, each state's residents have local tax to pay as well?)
Taiwan's personal income tax month is coming soon, I will have to fill my form, too.
Perhaps I will find something new and "fun" to do from Taiwan's income tax form this year.
Learn more about Federal Tax Credits for Energy Efficiency
Question for myself: Why do I get "credited" if my house is an energy saving house?
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