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MEASURE WOULD CREATE NEW TAX EXEMPT BOND CATEGORIES FOR RENEWABLE ENERGY

Wednesday, August 12, 2009 - 8:30AM

Rep. Mike Thompson, D-Calif., on July 31 introduced H.B. 3525, the Private Activity Bonds for Clean Energy Projects Act. The measure would add additional categories of tax-exempt private activity bonds for renewable energy, energy efficiency, demand side management, energy storage, electric transmission, smart grid, water conservation, zero-emission vehicle projects and manufacturing facilities. In addition, the bill would allow private companies to utilize both tax exempt bonds and federal tax credits for these projects.
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