House passes tax relief

September 26, 2008 11:01:08 AM PDT
The House has passed a $60 billion tax relief bill with incentives for solar, wind and other renewable energy sources and extension of many popular tax breaks, such as credit for college tuition. The House action was its third this week dealing with critical tax issues. It has also approved adjustments to the alternative minimum tax to shield millions of people from that levy and offered tax relief to disaster victims.

The future of the measures is uncertain. The Senate passed its tax break legislation earlier this week and insists that the legislation won't become law unless the House accepts the Senate version.


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