Friday, October 03, 2008

Senate adds tax incentives to bailout bill U.S. senators on Wednesday modified a Wall Street bailout plan by adding tax breaks for solar, wind and other renewable energy to appease representatives in the House who had defeated the original plan Monday. The modified plan extends the renewable energy production tax credit and the solar energy and fuel cell investment tax credit for eight years. It also expands the residential energy-efficient property credit to include small wind equipment and geothermal heat pumps. The bill provides tax incentives for carbon capture, energy-efficient buildings and the purchase of plug-in hybrid vehicles. House Republican leaders said the new elements in the plan would appeal to their rank-and- file....

No comments: