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EXTENSION OF SEC. 1603 GRANT PROPOSED FOR EXTENDERS BILL

Wednesday, June 16, 2010 - 1:45AM

Sen. Maria Cantwell, D-Wash., proposed an amendment to the pending tax extenders bill, that would extend Section 1603 renewable energy tax credit cash grant program through the end of 2012.

Supporters of the extension estimate it would create at least 65,000 jobs in the solar energy sector alone. The amendment also would make not-for-profit power producers eligible for the Section 1603 program. Click here to view a summary of the amendment. The amendment was co-sponsored by Sens. George LeMieux, R-Fla., Dianne Feinstein, D-Calif., Debbie Stabenow, D-Mich., Jeff Merkley, D-Ore., and Ben Nelson, D-Neb.

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