Saturday, February 19, 2011

Gov. Brewer signs solar bill, creates tax breaks, incentives - Phoenix Business Journal:

rubber roofs
Business and solar energy firms backed SenatsBill 1403, which creates new tax breaks and credits for sola r energy firms locating production, engineering and headquarters operations in the states. “That Gov. Brewer signed this bill into law is It puts Arizona in a positionj to be a leader in thesolart industry,” said Michael Bidwill, chairman and presiden t of the Arizona Cardinals. “We look forwarx to working with leaders in the solarr and renewable energy and this program gets us in the game to brint more projects to our GPEC argues the state needs special incentives and subsidies for solar energy firme to compete with other states and Skeptics of the bill questions creating tax creditsw for businesses when safety net and education programe face cuts because ofthe state’sa $3 billion deficit.
Conservatives also prefe r to see across-the-board tax cuts and breaks instead of thos e targeted tocertain industries. The bill also had the supporg of Phoenix Mayor Phil Gordon who wants to develop the city into a leadingb solarenergy hub.

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