PENNIES TO DOLLARS

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T4M...here is some info.........

06/14/05
Senate panel unveils $16 Billion energy tax package By Jim Jelter
WASHINGTON (MarketWatch) -- The Senate Finance Committee on Tuesday released a draft of an $16 billion package of energy tax incentives aimed at increasing U.S. energy supplies. The tax provisions are expected to be added to a broad energy bill now being debated in the Senate. The proposal would extend tax credits for power generators using renewable resources and provide a business credit for building energy efficient homes. The panel also proposed provisions to boost the sale of alternative vehicles including a $1.7 billion tax credit for hybrid and alternative-fueled vehicles and a $133 million extension of an existing tax credit for electric cars. The tax provisions would cost nearly three times what the Bush Administration said it would support. (Corrects overall cost of tax package.)

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