Congress Passes EPAct Extension
Congress recently proposed a one-year extension of selected Energy Policy Act of 2005 (EPAct) energy efficient tax incentives, and it is expected to be signed into law by President Bush.
Congress recently proposed a one-year extension of selected Energy Policy Act of 2005 (EPAct) energy efficient tax incentives, and it is expected to be signed into law by President Bush.
The bill extends through 2008 existing tax incentives for new energy-efficient commercial buildings, as well as for installation of solar equipment in businesses, according to the
Alliance to Save Energy (ASE) .
“We’re delighted that Congress recognized the importance of the existing energy-efficiency tax incentives to America’s businesses by making the extension of these incentives one of its last official acts,” said ASE president Kateri Callahan.
“The ASE will work with the new Congress to extend the currently available tax incentives for a period of time sufficient to ensure that our national investment fosters development of a long-term and sustainable market for energy-efficient products for the building sector,” says Callahan.
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