Search results
Results from the WOW.Com Content Network
For premium support please call: 800-290-4726 more ways to reach us
The Energy Tax Act (Pub. L. 95–618, 92 Stat. 3174, enacted November 9, 1978) is a law passed by the U.S. Congress as part of the National Energy Act.The objective of this law was to shift from oil and gas supply toward energy conservation; thus, to promote fuel efficiency and renewable energy through taxes and tax credits.
$4.7 billion: Expanded earned income tax credit to increase the earned income tax credit – which provides money to low income workers – for families with at least three children. $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010.
For premium support please call: 800-290-4726 more ways to reach us
There is a provision whereby 5% of this standard can be met through energy efficiency savings, as well as an additional 3% with certification of the Governor of the state in which the provider operates. Alternative compliance payments were $25/MWh in violation of the standard, adjusted for inflation beginning in 2010. [7]
For premium support please call: 800-290-4726 more ways to reach us
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [1] [2] Vehicles purchased after December 31, 2010 are not eligible for this credit.
The value of a tax credit is easy to measure because each dollar of credit reduces your tax liability by one dollar. For example, if your tax liability for the year is $10,000 but you have a ...