House OKs extending renewable energy tax credits

Reuters.com
Fri Sep 26, 2008 1:07pm EDT

WASHINGTON (Reuters) - The House of Representatives approved legislation on Friday to extend billions of dollars in tax credits for renewable energy but the bill faces an uncertain future with opposition in the Senate.

The House measure, passed by a margin of 226-166, is similar to the bill that cleared the Senate earlier this week, except that the House bill includes measures to pay for the tax breaks, which are opposed by most Republicans.

It is unclear whether the House and Senate will be able to work out the differences in their bills in time to deliver a final energy tax package to the White House before lawmakers leave town to campaign for the November election. A final bill may have to wait until a possible lame-duck session of Congress after the election.

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