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The California Senate Appropriations Committee is considering a bill that would establish a new program to encourage insurer investments in qualified environmentally friendly investments. Specifically, AB 1011 would authorize insurers to claim a tax credit against the gross premiums tax equal to 20 percent of qualified investments that emphasize clean energy projects, energy efficiency improvements, environmental technology projects and other investments that conserve natural resources or reduce green house gas emissions.

Read more: http://www.insurancejournal.com/news/west/2010/08/17/112487.htm#ixzz0wtEV0Na8
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