Date: March 1, 2010
Source: News Room
Draft job-creation legislation being crafted by Senate democrats includes one-year extensions of several energy-related tax credits. The 254-page legislation, the American Workers, State and Business Relief Act of 2010, includes energy tax extenders and several other provisions that had appeared in a short-lived $85 billion jobs bill introduced last month by Sens. Max Baucus (D-MT) and Charles Grassley (R-IA) but which had been shelved by Senate Majority Leader Harry Reid (D-NV) in favor a series of smaller jobs measures. Included in the draft are extensions to 10 energy tax credits, including ones for new hybrid vehicles, bio- and renewable diesel, open-loop biomass, energy efficient homes and alternative fuels.
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