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BILL INTRODUCED TO RENEW SECTION 48C CREDIT

Thursday, March 1, 2012 - 8:00AM

Rep. Shelley Berkley, D-Nev., yesterday introduced H.R. 4108, the Clean Energy Jobs Act of 2012, to reauthorize the Section 48C Advanced Energy Manufacturing Tax Credit (MTC) at a level of $5 billion. The bill would pay for the credit’s extension by reducing oil and natural gas subsidies. H.R. 4108 was referred to the committees on Ways and Means, Natural Resources, and the Budget.

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