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Firms must switch to coal under confusing energy tax plan
The energy tax proposal could hit downstate users including A. E. Staley Decatur plant Shell Wood River refinery Hiram Walker Peoria power plant. The Senate list estimates 29 of 83 MFBI sites would face taxation if not converting to coal, with tax rates starting 60c to 30c per barrel and rising through 1985, depending on version.
MENTIONED IN THIS ARTICLE
A. E. Staley Mfg. Co
Decatur
Shell Oil Co
Wood River
Hiram Walker Co
Peoria
Congressional Conference Committee
House
Senate
Robert Dole
R-Kan
Federal Energy Administration
Illinois
Staley Co
ADM Co
Laclede Steel
Alton
Hiram Walker
Shell Oil
Standard Oil
National Steel
Granite City
University of Illinois
Abbott
U of I