The stop 1) extends the placed-in-service grasp for four time (ready December 31, 2012) for qualifying facilities: wind; closed-loop biomass; open-loop biomass; geothermal; small irrigation hydropower; landfill gas; and rabble fire services. 2) extends the 30% asset tax credit for solar energy cargo and qualified fuel cell cargo for eight time (ready the end of 2016, 3) authorizes 2 billion of new clean renewable energy bonds for nothing special power providers and electric cooperatives, 4) The stop removes the caps on the credit for urban solar cargo (today capped at 2,000) and urban fuel cell cargo (today capped at 500 per deficient kilowatt of supremacy, 5) stop establishes a new credit for all qualified plug-in means. The base section of the credit is 4,000, 6) creates a new production tax credit of 50 cents per gallon for cellulosic alcohol, 7) extends for two time (ready December 31, 2010) the 1.00 and 50 cent per gallon production tax credits for biodiesel and the small biodiesel producer credit of 10 cents per gallon, 8) increases the 30% alternative refueling cargo credit (capped at 30,000) to 50% (capped at 50,000, in the company of others.
House Ways And Means Passes Energy Tax Package
The stop 1) extends the placed-in-service grasp for four time (ready December 31, 2012) for qualifying facilities: wind; closed-loop biomass; open-loop biomass; geothermal; small irrigation hydropower; landfill gas; and rabble fire services. 2) extends the 30% asset tax credit for solar energy cargo and qualified fuel cell cargo for eight time (ready the end of 2016, 3) authorizes 2 billion of new clean renewable energy bonds for nothing special power providers and electric cooperatives, 4) The stop removes the caps on the credit for urban solar cargo (today capped at 2,000) and urban fuel cell cargo (today capped at 500 per deficient kilowatt of supremacy, 5) stop establishes a new credit for all qualified plug-in means. The base section of the credit is 4,000, 6) creates a new production tax credit of 50 cents per gallon for cellulosic alcohol, 7) extends for two time (ready December 31, 2010) the 1.00 and 50 cent per gallon production tax credits for biodiesel and the small biodiesel producer credit of 10 cents per gallon, 8) increases the 30% alternative refueling cargo credit (capped at 30,000) to 50% (capped at 50,000, in the company of others.