The Alliance to Save Energy announced a new Tax Incentives Assistance Project (TIAP) website that aims to help individuals and businesses cut their federal tax bills in 2006 and 2007 by becoming more energy-efficient.

TIAP, which is sponsored by the alliance and other nonprofit energy-efficiency advocates, launched the site to provide information on new federal income tax incentives in the Energy Policy Act of 2005.

On October 21, the Internal Revenue Service issued guidance (Notice 2005-80) on fuel excise taxes reflecting new provisions in the federal energy legislation and in a recently passed transportation bill. TIAP said it will update the new website regularly as IRS makes new information available.

For more information, visit the Tax Incentives Assistance Project website.

12/2/2005