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

Renewables ($9.8b)

• Production
  tax credit
• Business
  & residential investment credits (solar, fuel cells, etc.)
• Biodiesel
  and renewable diesel
• Clean
  Renewable Energy Bonds

Vehicles ($1b)

• Plug-in
  vehicle credit
• Auxiliary
  power units
• Alternative
  refueling stations

Conservation/Efficiency ($3.5b)

• Efficient
  buildings
• Smart
  meters
• Efficient
  appliances
• Conservation
  Bonds

Carbon Mitigation/Fuels ($2.6b)

• Clean
  coal investment credits
• Black
  Lung restructuring
• CO₂
  sequestration credit
• Refinery
  expensing

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Offsets:

• Freeze
  Section 199 for all oil and gas activity ($4.9b)
• FUTA
  surtax extension ($1.5b)
• FOGEI/FORI ($2.2b)
• Basis
  Reporting ($6.7b)
• Oil
  Spill Liability Trust Fund ($1.7b)