HOUSE VOTES TO EXTEND NMTC, RETCS
The House today approved H.R. 7060, Renewable Energy and Job Creation Tax Act of 2008, by a vote of 226-166. The measure was introduced yesterday by House Ways and Means Chairman Charles Rangel, D-N.Y. It would extend a number of expiring tax incentives, including the new markets tax credit and renewable energy tax credits. The bill differs from the extension legislation passed earlier this week in the Senate, and those differences remain to be resolved before a final measure can be sent to the White House for approval.
For more information, tune in to the Novogradac Report on Tax Credits, a weekly podcast that provides the latest news in the fields of renewable energy, community development and affordable housing.
To learn more about the future of renewable energy tax incentives, join Novogradac & Company LLP November 13 - 14 in Washington, D.C. for the Financing Renewable Energy Conference.