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Energy Tax Provisions in the \Emergency Economic Stabilization Act of 2008\ October 1, 2008

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IndyIndy
Published: 10 Oct, 2008
1 min read

Renewables ($9.8b)

  • Productiontax credit
  • Business& residential investment credits (solar, fuel cells, etc.)
  • Biodieseland renewable diesel
  • CleanRenewable Energy Bonds

Vehicles ($1b)

  • Plug-invehicle credit
  • Auxiliarypower units
  • Alternativerefueling stations

Conservation/Efficiency ($3.5b)

  • Efficientbuildings
  • Smartmeters
  • Efficientappliances
  • ConservationBonds

Carbon Mitigation/Fuels ($2.6b)

  • Cleancoal investment credits
  • BlackLung restructuring
  • CO2sequestration credit
  • Refineryexpensing

__________________________________________________

Offsets:

  • FreezeSection 199 for all oil and gas activity ($4.9b)
  • FUTAsurtax extension ($1.5b)
  • FOGEI/FORI ($2.2b)
  • BasisReporting ($6.7b)
  • OilSpill Liability Trust Fund ($1.7b)

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