Bailout Includes Tax Incentives for Energy-Efficient Buildings

Sweeteners in the bailout bill include several energy-related tax incentives that had previously stalled, including credits for solar investments and renewable energy bonds

When the Wall Street bailout plan initially failed to pass in the House of Representatives in late September, Senate leaders Harry Reid and Mitch McConnell quickly amended it with sweeteners to attract more congressional votes. Among the sweeteners were several energy-related tax incentives that had previously stalled, primarily because the House and Senate couldn't agree on how to fund them. The revised bailout bill, H.R. 1424, officially known as the "Emergency Economic Stabilization Act of 2008," did pass and includes several items of interest to architects and their clients.

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