House Ways and Means Democrats called for the expansion of an electric vehicle tax credit and the extension of tax credits for solar energy in a draft package released Nov. 19.
The package is meant to open the door for industry feedback—it already has support from energy groups like the Alliance to Save Energy, according to a release. Democrats hope to fine tune the measure once they get buy-in from industries involved. The package doesn’t include details of how to pay for the expanded incentives.
Rep. Mike Thompson (D-Calif.), chairman of the Subcommittee on Select Revenue Measures, said ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.