House Ways and Means Committee chairman Charles Rangel, D-N.Y., yesterday introduced another bill containing tax incentives for renewable energy and extensions of expiring tax breaks. Meanwhile, House members Wednesday night signed off on separate bills that would create a one-year "patch" to the alternative minimum tax and a new federal program that would authorize up to $13 billion of private-activity bonds to finance disaster relief.

The House began debate on Rangel's new extenders bill yesterday afternoon, and was poised to vote on it last night. However, it is unclear if this new bill - the second one he has introduced this week - has been modified enough to gain Senate approval, so that the tax breaks would be extended before Congress closes up shop for the year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.