natural resource and the environment expenditures

March 14, 2022

The tax code includes some credits, deductions, and exclusions for natural resources and the environment. Per the Treasury's estimates, these tax expenditures cost the federal government $1.9 billion in revenue in fiscal year 2021.

Fact:

The tax code includes several credits, deductions, and exclusions pertaining to natural resources and the environment. Per the Treasury, costs of these provisions sum to $1.9 billion in FY 2021, though combined revenue losses may differ due to interactions.

Fiscal Facts