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gtober

06/28/05 1:40 PM

#113149 RE: StephanieVanbryce #113139

Bush Pushes Tax Credits for Hybrid and Fuel Cell

Speaking at a White House event for manufacturers of hybrid and fuel cell vehicles, Pres. Bush touted his proposed $3 billion tax credit plan for purchasers of hybrid or fuel cell vehicles. "There is a role for the federal government, not only to encourage research and development, but a role to provide tax credits to enhance the marketplace," said Bush. The $3 billion, 11-year tax credit plan is contained in the administration’s Fiscal Year 2003 budget. The incentives are also contained in the $14.5 billion tax portion of the Senate energy bill (S. 517). The Finance Committee, however, has not found a way to offset the expense of the tax credits. (Bureau of National Affairs, Daily Tax Report, February 26, 2002, p. G-3).

http://redefiningprogress.org/programs/sustainableeconomy/tnu/vol.21/


Energy tax breaks
Tax credit for purchase of certain hybrid and fuel cell vehicles — –0 –0 –0 –1 –1 –2 –0 –2 
Extend and modify the tax credit for producing electricity from certain sources — –0 –0 –0 –0 –0 –1 –1 –2
Modify treatment of nuclear decommissioning funds — –0 –0 –0 –0 –0 –1 –1 –2
Tax credit for energy produced from landfill gas — –0 –0 –0 –0 –0 –0 –0 –1
Tax credit for combined heat and power property — –0 –0 –0 –0 –0 –0 +0 –0
Modify tax treatment of certain income of electric cooperatives — –0 –0 –0 –0 –0 –0 –0 –0
Tax credit for residential solar energy systems (temporary) — –0 –0 –0 –0 –0 –0 — –0
Extend excise tax exemption (credit) for ethanol (why zero??) — — — — — — — — —
Permit electric utilities to defer gain from sales of electric transmission property –0 –0 –1 –1 –0 +0 –2 +2 +0
Total energy tax breaks –0 –1 –2 –2 –1 –1 –7 –0 –7


http://www.ctj.org/pdf/budg0204.pdf#search='bush%20environmental%20tax%20breaks'

Just a quick search provided these. Look around. They are there. I don't have time now to keep searching.