US Senate adds renewable energy tax credit to housing bill

04/21/2008
The US Senate approved an extension of renewable and alternative energy financial incentives as an amendment to a housing bill, HR 3221, by 88 to 8 votes on Apr. 10. The provision contains language identical to a bill that Sens. Maria Cantwell (D-Wash.) and John Ensign (R-Nev.) introduced earlier that week.The provision differs from one in HR 5351, which the House approved on Feb. 27, because it would not be paid for by denying $18 billion of tax relief to major oil companies.Its inclusion was appropriate in a housing bill that aims to prevent excessive home foreclosures, Cantwell said following the vote. “The renewable and efficiency industries have been soaring, creating thousands...
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