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Congress Approves Creation of Clean Renewable Energy Bonds |
June 20, 2006
Previously published on August 10, 2005
On August 8, President Bush signed into law the Domenici-Barton Energy Policy Act of 2005 (the "Act"). The Act creates a new category of tax credit bonds called Clean Renewable Energy Bonds ("CREBs"). H.R. 6, 109th Cong. (2005) (enacted) ยง 1504. These bonds will give electric cooperatives access to incentives comparable to the conventional tax incentives Congress has provided to the for-profit sector to provide clean and renewable generation.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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