By Jay Heflin - 07/26/10 09:37 PM EDT
Provisions in the draft include:
• An expanded Section 48 C tax break that provides a 30 percent investment tax credit to re-equip, expand or establish domestic manufacturing facilities.
• Incentives to spur domestic demand for renewable energy equipment and energy efficient equipment.
• Tax incentives for large natural-gas and electric/hybrid vehicles to help the country move away from fossil fuels. Included here are tax incentives for domestically produced biofuels, such as biodiesel and ethanol credits, at a reduced rate.
A summary of the provisions can be found at: