Dems Seek To Bar Tax Credits For Chinese Solar Panels

Law360, New York (May 15, 2012, 8:17 PM EDT) -- Senate Democrats introduced a bill Tuesday that would exclude Chinese-made solar panels from tax credits that support small-scale solar installations in a move designed to counter China's subsidies for its solar industry.

The legislation, drafted by Sens. Chuck Schumer, D-N.Y., and Sherrod Brown, D-Ohio, would narrow the scope of two 30 percent tax credits on solar equipment for homes and businesses by making Chinese solar panels ineligible.

The legislation is one of several recent attempts by U.S. officials to boost domestic solar manufacturers. The American solar...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.