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STABENOW INTRODUCES SECTION 48C EXTENSION

Thursday, March 31, 2011 - 7:00AM



Sen. Debbie Stabenow, D-Mich., filed an amendment to S. 493 that would extend the Section 48C Advanced Energy Manufacturing Tax Credit program, which expired at the end of 2010. S. Amdt. 265 would allocate $5 billion in tax credits for 2011. BNA reports that Sen. Harry Reid, D-Nev., said that all votes on amendments would be postponed until March 31. On March 30, Sen. Rand Paul, R-Ky., made a motion to commit the bill to the Senate Committee on Foreign Relations and to report back with instructions. This proposed Section 48C extension will be just one of the topics covered at the Financing Renewable Energy Conference, April 28-29, in San Francisco, Calif.

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