Sens. Push For Billions In New Energy Tax Incentives

Law360, New York (October 1, 2010, 4:45 PM EDT) -- Sens. Jeff Bingaman, D-N.M., and Olympia Snowe, R-Maine, have introduced an energy tax incentive bill that would make $2.5 billion in credits available to manufacturers for investments in renewable and other advanced energy projects.

The Advanced Energy Tax Incentives Act of 2010, introduced Wednesday, would also establish a $1 billion tax credit program for manufacturers to update their existing facilities to increase overall energy efficiency, the senators said.

The bill would enable home and business owners to defray upfront costs of investing in energy-saving technologies, and...
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