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Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

Green Car Congress

8) passed by the US Senate on New Year’s Day by a vote of 89 - 8 to avoid the across-the-board increase in taxes currently called for by the “fiscal cliff” are a number for energy tax benefits. The Sections are: Credit for energy-efficient existing homes is extended to 31 December 2013.

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Fuel provisions in the Tax Relief bill

Green Car Congress

4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill, among its other provisions, contains a number of provisions related to energy (Title VII, Subtitle A) and within that, provisions related to fuels. Refined Coal.

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President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification

Green Car Congress

Very broadly, the report lays out an agenda to “Invest in Our Future” through education and innovation, “Build on Our Strengths” in the critical sectors of energy and manufacturing, and “Play to Win” by making overdue tax and regulatory reforms to stay competitive. The potential returns on our investments here are significant.

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A look at how US Tax Bill affects fuels

Green Cars News

On Friday, HR 4853, the Tax Relief, Unemployment Insurance Reauthorisation and Job Creation Act of 2010, was signed by US President Barack Obama. It includes a number of provisions related to fuels. Firstly, the bill will extend the volumetric ethanol excise tax credit through 2011 at the existing rate of $0.45/gallon.

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

The bill provides assistance to those Americans who may be disproportionately affected by potential increases in energy prices through tax cuts and an energy refund program. Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles. Decreasing Dependence on Foreign Oil. Natural Gas.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Is tax equity dead? Cap and Trade Disappointment.

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

Fuel economy standards and changing driver behavior keep motor gasoline consumption below recent levels through 2040 in the Reference case. In the AEO2015 Reference case, gasoline-only vehicles, excluding hybridization or flex-fuel capabilities, represent the largest share of new sales in 2040, at 46% of the total (down from 83% in 2013).

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