Progressive NYS shows D.C. what a real energy bill looks like

[iconoclastNYC]

Initiatives Will Boost Production and Use of Renewable Fuels, Promote Use of Energy-Efficient Vehicles, Position NY as World Leader in Renewable Energy Research and Job Creation, and Provide Relief from High Heating Bills

The plan, most of which will be included in the Governor’s Executive Budget that will be unveiled tomorrow, is designed to encourage the production and use of renewable fuels in New York, promote the expanded use of energy-efficient cars and vehicles, spur new renewable energy research and job creation, and provide relief to New Yorkers from rising energy bills.

Highlights of the Governor’s plan include: elimination of state taxes on renewable automotive fuels; creation of new renewable fuel stations across the State; development of “clean coal” power plants; a new hybrid vehicle tax credit; discounted Thruway tolls for hybrid vehicles; creation of a new state-of-the-art alternative fuel vehicle research lab; new tax-free benefits for clean energy companies that create jobs; a new $500 tax heating credit for lower-income seniors; a $50 million increase in Low-Income Home Energy Assistance Program (LIHEAP) benefits, and a new tax credit for homeowners who upgrade to a high-efficiency home heating system.

Creation of a New Hybrid Vehicle Tax Credit: This new tax credit would provide a $2,000 personal income tax credit to individuals who purchase new hybrid, alternative flex-fuel vehicles to help defray the higher costs associated with the purchase of these vehicles. This measure is expected to provide $5 million in tax savings this year and $10 million in subsequent years when fully in place. Discounted Thruway Tolls for Hybrid Vehicles: The Governor has directed the New York State Thruway Authority to create a new “Green” E-Z pass, which will provide a 10 percent discount for drivers of fuel-efficient vehicles, such as hybrids that average at least 45 MPG and meet certain EPA emissions standards. New HOV Lanes Access for Alternative Fueled Vehicles: This new initiative will allow cars and other vehicles that average at least 45 mpg and meet certain EPA emissions standards to use HOV lanes in New York City and on the Long Island Expressway -- regardless of the number of occupants in the vehicle.

http://www.fuelcellsworks.com/Supppage4314.html

[Sleepless In NY]

1. Great News

Thanks for posting the info.