Jan. 9, 2007: President Bush Approves One-Year Energy Tax Credit Extension
The act extends the Clean Renewable Energy Bonds program through 2008, and increases the total annual amount of tax-credit bonds to $1.2 billion. It extends special tax allowances for cellulosic ethanol facilities to include plants placed in service by 2012. It also extends the research and development tax credit, which encourages businesses to invest in new innovations.
Publication date: 01/08/2007