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CANTWELL, ENSIGN PROPOSE ONE-YEAR RETC EXTENSION

Friday, April 4, 2008 - 1:30AM

Sens. Maria Cantwell, D-Wash., and John Ensign, R-Nev., yesterday introduced the Clean Energy Tax Stimulus Act of 2008 to provide the continuation of clean energy production incentives. The measure would extend for one year the renewable energy production tax credit that is currently set to expire December 31. The measure would also modify and extend the solar energy and fuel cell investment tax credit.

To hear more about this proposal, tune in to the Novogradac Report on Tax Credits, a weekly podcast covering renewable energy, affordable housing and community development issues. Next week’s installment will include a discussion about this legislation and its chances of passage.

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