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HOUSE UNVEILS NEW ENERGY TAX LEGISLATION PACKAGE

Wednesday, February 13, 2008 - 8:00AM

Ways and Means Chairman Charles B. Rangel, D-N.Y., yesterday introduced H.R. 5351, the Renewable Energy and Energy Conservation Tax Act of 2008. The legislation would extend the renewable energy production tax credit (PTC) for three years and the investment tax credit (ITC) for renewable energy would be extended for eight years. Click here for a summary of the bill’s provisions. (The full text of the measure is not yet available; as soon as it is, Novogradac & Company LLP will post it here.)

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