The US House of Representatives has passed the “Tax Extenders” Bill (HR4213) by a vote of 241 - 181. the bill amends the Internal Revenue Code to extend through 2010 certain expiring provisions for individual and business taxpayers.
The energy conservation and production provisions so extended include:
Tax credits for biodiesel and renewable diesel used as fuel;
The alternative motor vehicle tax credit for large hybrid vehicles;
The alternative fuel excise tax credit for natural gas and liquefied petroleum gas; and
Tax rules relating to sales required to implement federal and state restructuring policy for qualified electric utilities.
The “Tax Extenders” Bill will now go to the Senate.