Friday, July 25, 2008

Senate may try again next week to extend renewable energy tax credits


(Photo of solar panels on Florida beach house from Flickr and photographer John Tracy)

Washington Report 2: Senate Finance Chair Max Baucus (D-Mont.) is likely to try one more time next week to get renewable energy tax incentives extended beyond December. In an effort to win a few more GOP votes, he has added some sweeteners to the tax package (which contains more than renewable credits). Additions include money for the highway trust fund, disaster relief and mental health parity, and an alternative minimum tax fix. Extending the credits for wind, solar, biomass, geothermal and efficiency are not at issue. Rather there is disagreement about how to pay for them. Congress leaves soon for its August break and Dem leaders would like to see the credits extended before then, to provide stability for clean energy businesses. (Source: E&E Daily)

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