Senators Introduce Advanced Energy Tax Incentives Act

U.S. Senate Energy & Natural Resources Committee Chairman Jeff Bingaman, D-N.M., and Small Business & Entrepreneurship Committee Ranking Member Olympia J. Snowe, R-Maine, have introduced a package of tax incentives designed to support advanced energy technologies and strategies.

The legislators say the Advanced Energy Tax Incentives Act of 2010 (S.3935) ‘focuses broadly on building and industrial energy efficiency, domestic manufacturing, emerging clean energy technologies and carbon mitigation.’

‘We must continue to ensure that the tax code contains well-designed incentives that will help us transition to an energy-efficient economy,’ Bingaman says. ‘This is a commonsense, bipartisan proposal that deserves priority consideration.’

The act incorporates several bills the senators jointly introduced earlier during this session of Congress, as well as several new provisions.

SOURCE: Office of Sen. Jeff Bingaman

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