Friday, April 8, 2011

Iowa Senate Approves Renewable Tax Credits

The Iowa Senate has approved a measure providing up to $10 million a year in tax credits for the installation of wind and solar power generators at homes, businesses and farms.

The Senate voted 49-1 Monday to approve the bill, which provides up to $15,000 for businesses and farms and $3,000 for homeowners that install wind or solar generators.

The bill now goes to the House, where its future is unclear.

Rep. Thomas Sands, a Wapello Republican and chairman of the House Ways and Means Committee, says majority Republicans are more interested in broad-based tax reform than targeted tax credits.


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