Energy bill expected to lose renewable energy tax break
Dealing a blow to the solar and wind industries, the U.S. Senate is expected to pass an energy bill later on Thursday that strips out a tax provision to encourage investment in renewable energies.
The House last week passed an energy bill that extended tax incentives beyond 2008 for businesses and consumers who purchase renewable energy systems.
On Thursday, the Senate delayed passage of the bill until later today, a move which will lead to the removal of the tax provision, according to industry executives and published reports.
The centerpiece of the energy bill is an overhaul to the … Read more
