Colorado Gov. Bill Ritter wants to speed up a plan to tax things such as candy and soda, pesticides and industrial energy use to help balance the state budget.
In the fall, Ritter proposed suspending or eliminating 13 tax exemptions and credits starting in July to raise $132 million to help balance next year’s budget. In December, lawmakers learned that tax revenues were forecast to (more…)
If you want your home to be more energy efficient and some help for the home improvements, then you have to be aware of the energy efficient tax break or the 2005 Energy Tax Incentives Act. This law provides a lifetime credit of as much as $500 against your federal income tax for the costs of making energy-saving home improvements after the 31st of December 2005 and before the 1st of January 2008.
Up to as much as $200 of tax efficient tax break may also be applied to energy-efficient windows. While for most this time has already passed, many people are delayed in filing their taxes due to their economic situation and this credit may still be available to them. (more…)
WASHINGTON (Reuters) – U.S. President Barack Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as new data showed the country’s unemployment rate remained stuck in the double digits. (more…)