Work On Coastal Texas Project To Begin - The Waterways Journal waterwaysjournal.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from waterwaysjournal.net Daily Mail and Mail on Sunday newspapers.
Biden-Harris Administration submits President s Budget for FY 2023 dredgingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dredgingtoday.com Daily Mail and Mail on Sunday newspapers.
The Biden-Harris Administration today submitted to Congress the President’s Budget for fiscal year 2022. As the Administration continues to make progress defeating the pandemic and getting our economy back on track, the Budget makes historic investments,
The legislation includes targeted renewable energy initiatives.
These initiatives include:
One-year extension of the production tax credit/investment tax credit for land-based wind at 60% of their full value
Two-year extension of the investment tax credit for solar at 26%
30% offshore wind investment tax credit for projects that commence construction from January 1, 2017 through December 31, 2025
The renewal of these tax credits is arguably a continuation of the United States history of facilitating energy infrastructure through the United States tax code. They can be characterized as indirect federal subsidies to finance the investment and production of renewable energy.
Examples of other energy, environmental, or natural resources related initiatives included in the om leg: