Bush Proposes Extending LFGE Tax Credit

Feb 18, 2005 9:36 AM, Stephen Ursery

Washington — In his proposed federal budget for fiscal year 2006, President George W. Bush includes an extension of the Section 45 tax credits for landfill-gas-to-energy (LFGE) projects. The credits currently apply to LFGE and waste-to-energy (WTE) facilities that are placed in service between Oct. 23, 2004, and Dec. 31, 2005, and applies to electric projects only. The inflation-adjusted credit rate for 2004 was .9 cents per kilowatt hour (kWh). The credit is good for five years after the project begins operating.

Bush proposes extending the placed-in-service deadline until Dec. 31, 2007.

Want to use this article? Click here for options!
© 2008 Penton Media Inc.

Most Recent Story

Thermostat Recycling

June 20, 2007

The Thermostat Recycling Corp., Rossyln, Va., and the Product Stewardship Institute (PSI) Inc., Boston, have announced the creation of a nationwide...

-->

Current Issue

View Issue
Subscribe
Subscribe to
Digital Edition

This month’s cover story is our annual Truck and Body Report, which unveils the latest products for your fleet. Also this month: an examination of how smaller haulers can thrive in today’s refuse market and how landfills use GPS systems.

Recent Popular Articles

Sands from the Hourglass
Across the country, local governments are faced with the challenge of meeting recycling goals, reducing solid waste tonnage and minimizing costs.
Alcoa Increases Aluminum Recycling Goal
Pittsburgh-based Alcoa has announced a goal to increase the national used beverage can (UBC) recycling rate to 75 percent by 2015.
Coca-Cola Wins Award and Sets New Goal
The National Recycling Coalition (NRC) has awarded Atlanta-based Coca-Cola Co.