Clean Energy Tax Credit Bill Falters In Senate

Law360, New York (July 30, 2008, 12:00 AM EDT) -- A bill that would have expanded the tax credits for clean and renewable energy failed to garner enough votes to clear the U.S. Senate on Wednesday.

The legislation, which was sponsored by Democrats, would have extended about $18 billion worth of tax credits available for renewable energy production, solar energy and fuel cell investment, carbon capture and sequestration projects and biodiesel production.

Less than a week after it was introduced, senators voted 51 to 43 in favor of the measure on Wednesday, missing the 60-vote minimum...
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