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The Washington Independent
The Washington Independent

Bingaman, Snowe Introduce Energy Tax Incentives Package

Sens. Jeff Bingaman (D-N.M.) and Olympia Snowe (R-Maine) have introduced an energy tax incentives bill that they are urging the Senate to pass before the end of

Camilo Wood
News
Last updated: Jul 31, 2020 | Oct 01, 2010

Sens. Jeff Bingaman (D-N.M.) and Olympia Snowe (R-Maine) have introduced an energy tax incentives bill that they are urging the Senate to pass before the end of the year. The bill includes tax incentives for homes and businesses that invest in energy efficiency, manufacturers of clean energy technology and developers of energy storage technology, which is essential to prove the viability of intermittent renewable energy sources like wind and solar.

In a statement, Bingaman said:

We must continue to ensure that the Tax Code contains well-designed incentives that will help us transition to an energy efficient economy. Our bill will significantly expand domestic clean energy manufacturing; help American businesses and families reduce their energy use and dependence on fossil fuels; and creat thousands of jobs.  This is a common-sense, bipartisan proposal that deserves priority consideration.

Here’s a summary of the bill’s provisions.

Camilo Wood | Every day, to make a conscious decision to do something, say something, or act in a way that will improve my work experience. I assist organisations in disrupting the status quo of transition. I teach them how to turn their community from enduring change to evolving through change using a realistic and repeatable structure.

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