In the three years since its creation, the Georgia Clean Energy Property Tax Credit, which creates an income tax credit for a variety of energy-efficient technologies, has led to clean energy property projects that generated more than $2.3 million in sales tax revenue, according to a report released by the Georgia Environmental Finance Authority.
MORE »Last week the Obama administration called for reducing the corporate tax rate to 28 percent from 35 percent, eliminating tax breaks and changing core features of the tax code such as interest deductibility. The plan, which leaves many details up to Congress, would retain tax breaks for corporate research, manufacturing and renewable energy.
MORE »The Wheeling & Lake Erie Railway (W&LE) hosted local officials in Green Tree, Pennsylvania for a tour of Rook Yard. Participants boarded a locomotive and witnessed firsthand the capacity constraints of train movements within the yard, as a result of increasing car volumes and the location of three new customers.
Clockwise: Jonathan Chastek, Manager Economic & Industrial Development W≤ Rich Fitzgerald, Allegheny County Executive; Bill Callison, President W≤ Alec Jarvis, Director of Law and Government Relations W≤ Tracy Wingenroth, ERG Partners, government affairs consultant to W≤ Matt Smith, State Representative; Wayne Fontana, State Senator; Dave Montz, Green Tree Borough Manager.
MORE »Gov. Tom Corbett this week signed three energy-related bills, including the long awaited natural gas impact fee bill which establishes new regulations for the expanding industry.
MORE »The Senate Environmental Resources and Energy Committee unanimously reported out legislation designed to help alleviate a potential gasoline shortage in Western PA.
MORE »The House Finance Committee this week reported out a bill that would lower the debt ceiling of the Redevelopment Assistance Capital Project (RACP), which provides state matching funds for economic development and infrastructure projects. Sponsored by House Majority Leader Mike Turzai (Allegheny), House Bill 2175 reduces the state’s borrowing power for capital projects by roughly $3 billion.
MORE »The Senate Committee on Agriculture held its first Farm Bill hearing of 2012, which focused on the benefits of energy programs in rural America, as well as strategies to addressing economic development programs for the next Farm Bill.
MORE »Testifying before the House Appropriations Committee, the state Public Utility Commission, noted the changes it will be experiencing due to the new Marcellus Shale law.
MORE »The state legislature’s “Budget season” officially starts with the Governor’s budget address on February 7. The state still faces difficult financial times, with no easy answers in sight.
MORE »President Obama called for clean energy tax credits and a clean energy standard in his annual State of the Union address on January 24. Saying, “I will not walk away from the promise of clean energy,” the president framed the issue in terms of international competition, pledging not to “cede the wind or solar or battery industry to China or Germany because we refuse to make the same commitment here.” He also announced two initiatives to advance the deployment of clean energy technologies.
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