|US Energy Tax Extenders ? Finally!|
Burlington, Ontario, 6-October-2008 - After months of House and Senate, Republican and Democrat wrangling, the energy tax extenders were passed on October 3. The Senate backed the House into a corner by adding the extenders to the $700 billion financial rescue package that had become legislation and could not be rejected a second time around. Heck – what is $17 billion in energy tax incentives compared to $700 billion?
Here is a partial list of what was included in the energy tax extenders:
Unfortunately, this is not the end of the story. A new president and a new Congress will be revisiting the energy tax extenders in early 2009, as they have to deal with the unfolding economic realities.
Don’t hesitate to contact us if you would like to discuss any of the energy efficiency tax incentives. As we have noted before, you can only take full advantage of these various tax incentives if you know enough about them.