01 Jan '13, 11pm

Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae 1 January 2013 Among the many extensions specified in the amended version of a House bill (H.R.8) passed by the US Senate on New Year’s Day by a vote of 89 - 8 to avoid the across-the-board increase in taxes currently called for by the “fiscal cliff” are a number for energy tax benefits. The amended bill, now called the “American Taxpayer Relief Act of 2012” and next to be considered by the House, contains 12 extensions outlined in Title IV of the bill, ranging from extension of production credits for Indian coal facilities to benefits for alternative fuels (including algal biofuels) and plug-in vehicles. The Sections are: Credit for energy-efficient existing homes is extended to 31 December 2013. Credit for alternative fuel vehicle refueling property is extended to 31 December 2...

Full article: http://www.greencarcongress.com/2013/01/hr8eas-20130101.html

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