The Senate Finance Committee has approved a two-year extension for most tax provisions that expired at the end of 2013. Some of the tax credits that stayed in tact include; tax credit for research and experimentation for small businesses that have no income tax liability, the wind production tax credit and bonus depreciation. AEE’s Todd Keller was quoted in the story:
Advanced Energy Economy, an association of companies including Johnson Controls Inc. and Johns Manville Corp., urged senators in a news release to support the change for solar energy and praised lawmakers for supporting alternative energy tax credits.
“Business needs stability in tax treatment, and the expiration of vital advanced energy tax credits at the end of last year was disruptive to the marketplace,” AEE's vice president for federal policy, Todd Keller, said in a news release. “This legislation goes a long way toward providing the certainty needed to drive the innovation and deployment of advanced energy technologies and services that make our nation's energy more secure, clean and affordable.”
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