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  #3  
Old 11-15-2008, 12:27 AM
tobe
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Default Re: Energy Credits

George Anthony wrote:
- quote -

> Were the nonbusiness energy efficiency improvements property credits that
> expired January 1, 2008 part of the bill that just passed? (windows, doors,
> insulation, furnace, etc.)


From www.energystar.gov

"On October 3, 2008, President Bush signed into law the “Emergency
Economic Stabilization Act of 2008.” This bill extended tax credits for
energy efficient home improvements (windows, doors, roofs, insulation,
HVAC, and non-solar water heaters). Tax credits for these residential
products, which had expired at the end of 2007, will now be available
for improvements made during 2009. However, improvements made during
2008 are not eligible for a tax credit."

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 10-06-2008, 07:32 PM
Alan
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Default Re: Energy Credits

George Anthony wrote:
- quote -

> "Alan" <sfcnm-mtm[at]yahoo.com> wrote in message
> news:C_rGk.2819$YU2.831[at]nlpi066.nbdc.sbc.com...
> > George Anthony wrote:
> > > Were the nonbusiness energy efficiency improvements property credits that
> > > expired January 1, 2008 part of the bill that just passed? (windows,
> > > doors, insulation, furnace, etc.)
> > > > > > > Thank you,
> > > George L. Anthony
> > > geoanthony[at]atlanticbb.net
> > > > Yes. HR 1424, Division B, Title I, Section 106.

> I am quoting from
> http://tax.cchgroup.com/Legislation/...zation-Act.pdf
> "Congress also reinstated the Code Sec. 25C residential
> energy property credit for property placed in service in 2009.
> Eligible improvements include insulation materials,
> exterior windows, including skylights and exterior doors."
> I assume this means that these credits are not available for tax year
> 2008?????

Whoops.. it was Section 302 of the bill that extended the credits
you are referencing.

SEC. 302. CREDIT FOR NONBUSINESS ENERGY PROPERTY.
(a) EXTENSION OF CREDIT.—Section 25C(g) is amended by striking
‘‘placed in service after December 31,2007’’ and inserting
‘‘placed in service—
‘‘(1) after December 31, 2007, and before January 1, 2009, or
‘‘(2) after December 31, 2009.’’.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 10-06-2008, 06:48 PM
George Anthony
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Posts: n/a
Default Re: Energy Credits


"Alan" <sfcnm-mtm[at]yahoo.com> wrote in message
news:C_rGk.2819$YU2.831[at]nlpi066.nbdc.sbc.com...
- quote -

> George Anthony wrote:
> > Were the nonbusiness energy efficiency improvements property credits that
> > expired January 1, 2008 part of the bill that just passed? (windows,
> > doors, insulation, furnace, etc.)
> > > > Thank you,

> > George L. Anthony
> > geoanthony[at]atlanticbb.net
> > Yes. HR 1424, Division B, Title I, Section 106.


I am quoting from
http://tax.cchgroup.com/Legislation/...zation-Act.pdf


"Congress also reinstated the Code Sec. 25C residential

energy property credit for property placed in service in 2009.

Eligible improvements include insulation materials,

exterior windows, including skylights and exterior doors."

I assume this means that these credits are not available for tax year
2008?????

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 10-06-2008, 05:35 PM
Alan
Guest
 
Posts: n/a
Default Re: Energy Credits

George Anthony wrote:
- quote -

> Were the nonbusiness energy efficiency improvements property credits that
> expired January 1, 2008 part of the bill that just passed? (windows, doors,
> insulation, furnace, etc.)
> Thank you,
> George L. Anthony
> geoanthony[at]atlanticbb.net

Yes. HR 1424, Division B, Title I, Section 106.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 10-06-2008, 03:04 PM
George Anthony
Guest
 
Posts: n/a
Default Energy Credits

Were the nonbusiness energy efficiency improvements property credits that
expired January 1, 2008 part of the bill that just passed? (windows, doors,
insulation, furnace, etc.)


Thank you,
George L. Anthony
geoanthony[at]atlanticbb.net

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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