Legislation To Extend RE Tax Rebate Defeated

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The Idaho Senate narrowly defeated a measure to extend a sales tax rebate for renewable energy in the state, Bloomberg Businessweek reports.

The legislation, which was defeated by a vote of 18-17, would have given renewable energy companies a 6% break on energy production equipment through 2014. The vote affects 18 wind projects that are in advanced stages of development. The tax break now expires on June 30.

SOURCE: Bloomberg Businessweek

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