In a new twist to the long running saga of renewable energy tax breaks in the U.S. the House of Representatives has passed a modified bill rather than rubber stamping the bill already passed in the Senate. The Senate had urged the House not to make changes or additions as this would raise the likelihood of the White House vetoing the bill altogether.
The new bill passed by the House included a raise in taxes as well as separating the Alternative Minimum Tax proposal from the main bill. White House Office of Management and Budget said they would now recommend to the President that he should veto the new bill. The bill needs to be identical in both the House and Senate to avoid a veto by the President.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
With a presidential election campaign about to begin, a return to the Senate of a bill later in the year adds to concerns that the current solar energy tax breaks and incentives will not be renewed before expiring at the end of year.
