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)