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