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Space X Wants to Launch 1 Million Satellites, but Is There Room? The New York TimesColumn | We're about to turn night into day. Is that a good idea? The Washington PostSpaceX Aims to Launch 1 Million AI Data Center Satellites Sky & TelescopeA new space race could turn our atmosphere into a ‘crematorium for satellites' The ConversationSpaceX's 1 milli
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President Biden signed the Inflation Reduction Act into law on August 16. The massive climate, energy, tax, and healthcare package contains numerous clean energy incentives including tax credits for the purchase of new and used electric vehicles. But you may not have heard that the new law also revives the tax credit for electric vehicle charging stations and equipment that had expired in 2021. There are some changes to the prior charging station tax credit that you will want to be aware of, so that you can potentially use the tax break for your own EV charger.
What is the Tax Write Off for EV Chargers?
The federal tax credit for electric vehicle chargers originally expired on December 31, 2021. However, the Inflation Reduction Act's Alternative Fuel Refueling Property tax credit extends the EV charger tax incentive ten years—through December 31, 2032.
SEE MORE EV Tax Credits Are Changing: What's Ahead
So, what does that mean for you? Essentially, if you install an EV charging station at home, the tax credit under the Inflation Reduction Act is 30% of the cost of hardware and installation, up to $1,000. Also, beginning in 2023, the tax credit for business and home installations, will apply to other EV charging equipment like bidirectional (i.e., two-way) chargers.
Businesses that that install new EV chargers or EV charging equipment can also benefit from a tax incentive of up to 30% of the total cost of equipment and installation. But they will have to meet certain labor and construction requirements to be eligible to claim the full incentive.
Before the Inflation Reduction Act, the limit on the amount of the EV charger tax credit for businesses was $30,000 (which still applies to projects completed before the end of 2022). However, under the new law, if you complete the business installa
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AS ERASMUS has already noted, there are places all over Europe where right-of-centre politicians are sounding a clarion call of Christian nativism while progressive Christian clerics are pulling in the other direction, urging tolerance and respect for diversity. The latest locus of this surreal standoff is the German region of Bavaria, which has for centuries been a bastion of Teutonic Catholicism.
Markus Söder, the newish Bavarian premier, has decreed that from June 1st a crucifix must be displayed in all offices of the regional government. He described the decision as a "commitment to Bavarian identity and culture" which was not explicitly doctrinal. Given that in this context the "cross is not a sign of religion" its display did not amount to a "violation of the principle of neutrality" by state authorities. As might have been expected, the decision was immediately welcomed by politicians who stand to the right of Mr...Continue reading
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