The Senate passed energy legislation yesterday. "The Senate's passage of energy-efficiency tax incentives is a huge step forward for U.S. consumers, the environment, and national security," said Alliance to Save Energy President Kateri Callahan.
Included in the energy tax package, which the Senate attached to the foreign sales corporation/extraterritorial income (FSC/ETI) bill, are tax incentives for hybrid and fuel cell vehicles, energy-efficient new homes, energy-efficiency upgrades to existing homes, efficient residential equipment, high-efficiency appliances, efficient commercial buildings, combined heat and power, and advanced meters.
The House version of the FSC/ETI bill does not currently contain the energy tax package approved as part of the Senate-passed measure, and it is unclear when the full House might consider the FSC/ETI bill. The House previously adopted a different energy tax package as part of its comprehensive energy bill, H.R. 6.
Given the delay in Senate consideration of a comprehensive energy bill, Energy and Natural Resources Committee Chairman Pete Domenici (R-NM), along with Alliance Vice Chair Sen. Jeff Bingaman (D-NM) and Sens. Max Baucus (D-MT) and Charles Grassley (R-IA), supported adding the energy-efficiency tax package to the corporate tax bill, as noted above.
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