FILE - In this March 11, 2009 file photo, a wind mill, rear center, supplies water to a stock tank, surrounded by wind turbines of the Smoky Hills Wind Project near Wilson, Kansas. Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks, including a tax credit for the production of wind, solar and other renewable energy. (AP Photo/Orlin Wagner, file)
New tax law packed with breaks for businesses
FILE - In this March 11, 2009 file photo, a wind mill, rear center, supplies water to a stock tank, surrounded by wind turbines of the Smoky Hills Wind Project near Wilson, Kansas. Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks, including a tax credit for the production of wind, solar and other renewable energy. (AP Photo/Orlin Wagner, file)
By STEPHEN OHLEMACHER
Associated Press /
January 3, 2013
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— A tax credit of up to $2,500 for buying electric-powered vehicles was expanded to include electric-powered motorcycles. Golf carts, however, were excluded. Cost: $7 million. Sen. Ron Wyden, D-Ore., took credit for this tax break, saying it would help Oregon-based Brammo, which manufactures electric motorcycles.
‘‘The electric motorcycle industry is poised to create tens of thousands of U.S. jobs over the next five years, led by companies like Oregon’s Brammo,’’ Wyden said. ‘‘This amendment helps promote the development of a promising U.S. industry and support the transition to a low-carbon American economy.’’
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