Eastman Chemical Company : New Tax Credits Available for Window Film
KINGSPORT, Tenn. - Feb. 12, 2013 - Solutia Inc., a subsidiary of Eastman
Chemical Company (NYSE:EMN) and a global leader in performance materials and
specialty chemicals, is excited to announce that LLumar®, Vista(TM), V-KOOL®
and Hüper Optik® products are eligible for a window film tax credit being
offered for residential structures.
As part of the Fiscal Cliff Legislation, this window film tax credit is an
incentive that covers 10 percent of window film material cost, with a maximum
total credit of $500. The window film tax credit is retroactive to Jan. 1,
2012, and expires on Dec. 31, 2013; if homeowners installed window film in
2012, or plan to install it in 2013, they may qualify for this credit.
Because window film is a long-term, cost-effective solution for saving energy
year-round, it qualifies in the legislation as insulation within the exterior
envelope. Window film can reduce energy consumption from solar heat gain in
the summer months, and reflect interior heat back inside in the winter months.
To learn more about the updated window film tax credit, visit
When this 2012-2013 window film tax credit is claimed, homeowners' income tax
is reduced dollar for dollar. The credit will either boost tax refunds or
reduce the amount owed.
"We're extremely excited that our energy saving products qualify for this
window film tax credit," says Jeremy Verstraete, global business manager for
Eastman. "This legislation makes window film even more affordable, allows for
a faster ROI, and will help homeowners around the country save money on
monthly utility bills."
To claim this credit, consumers must submit IRS Form 5695 with their Income
Tax Return, and save copies of dealer invoices and manufacturers'
Eastman is a global specialty chemicals company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms
and leading positions in attractive end-markets such as transportation,
building and construction, and consumables. Eastman focuses on creating
consistent, superior value for all stakeholders. As a globally diverse
company, Eastman serves customers in approximately 100 countries and had 2012
pro forma combined revenues, giving effect to the Solutia acquisition, of
approximately $9.1 billion. The company is headquartered in Kingsport,
Tennessee, USA and employs approximately 13,500 people around the world. For
more information, visit www.eastman.com.
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Media: Pam Feese
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Source: Eastman Chemical Company via Thomson Reuters ONE
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