Section 29 tax credits adjusted downward after the US government revamped its inflation index

July 1, 2000 | By Keith Martin in Washington, DC

SECTION 29 TAX CREDITS were adjusted downward April 1 after the US government revamped its inflation index. The section 29 credit is a credit for investing in alternative fuels projects. The credit went from $1.052 an mmBtu of fuel produced in 1998 to $1.035 an mmBtu for fuel produced in 1999.

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Keith Martin
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