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Biden's tax plan: Tax reform details remain unclear
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Now that the Democrats have control of the Presidency, House of Representatives, and Senate, many in Washington, DC and around the country are asking, “What is going to happen with business taxes?” Biden has indicated his administration may consider changes to the corporate tax rate, capital gains rate, individual income tax rates, and the estate and gift tax exemption amount. Here are some highlights.
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House lawmakers reintroduce the GREEN Act, a ‘critical’ bill for solar
The GREEN Act is back, and the legislation would extend the federal Investment Tax Credit (ITC) for solar—and create a version for energy storage technology. Lawmakers on the US House Ways and Means Subcommittee on Select Revenue have reintroduced the act, including its five-year extension of the solar ITC.
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Regulators look to probe CMP’s unexpected obstacle to solar developers
Maine Governor Janet Mills has asked the Maine Public Utilities Commission to open an investigation into why Central Maine Power is belatedly telling solar developers that their projects are causing technical problems at substations that in some instances could require multimillion-dollar upgrades. She also wants the agency to start a broader review of Maine’s electric utilities to ensure they have the systems and planning to accommodate the growth of renewable energy generation.
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As Boston gets on board, community power compacts gain steam
With the launch of Boston’s new Community Choice Electricity Program, nearly half of all Massachusetts municipalities are now buying electricity on behalf of their residents in an effort to provide cheaper, greener power. At the local level, it may be the most effective way to reduce emissions.
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