Image

2:06 AM / Wednesday October 5, 2022

20 Sep 2021

Evans, Williams introduce $1 billion Environmental Justice Tax Credit

  • Facebook
  • Twitter
September 20, 2021 Category: Politics Posted by:

ABOVE PHOTO: U.S. Rep. Dwight Evans (Photo/house.gov) and U.S. Rep. Nikema Williams (Photo/house.gov)

WASHINGTON — In advance of a House Ways and Means Committee markup on the budget reconciliation package, U.S. Representatives Dwight Evans (D-3rd Dist.) and Nikema Williams (D- Ga.) are introducing a $1 billion tax credit bill that would advance environmental justice using tax credits for research and other academic programs.

 The legislation would:

• Provide a capped, competitive credit for university programs focused on the impacts of climate change on low-income communities and communities of color;

• Prioritize projects including Historically Black Colleges and Universities (HBCUs) and other Minority Serving Institutions (MSIs). The bill would create a capped refundable competitive credit of $1 billion for each year from 2022 through 2026 to institutions of higher education for environmental justice  programs. The base credit would be 20 percent of costs to be spent within five years by the receiving institution. Programs with material participation from HBCUs and MSIs would be eligible for a higher credit of 30 percent.

 “We know that environmental justice is a longstanding problem in this country, which has been accelerated by climate change, and our bill would leverage more than $1 billion per year to drive positive change. I was proud to co-lead this bill in the last session with the late Congressman John Lewis, a true civil rights hero, and I’m pleased to welcome his successor, Congresswoman Williams, as lead co-sponsor,” said Evans, who serves on the Ways and Means Committee, which oversees taxes and tax credits, as well as trade, Medicare and Social Security.

 Congresswoman Williams said, “Environmental justice for Black, brown and indigenous communities is long overdue in the country. I am proud to work with Congressman Evans on this bill to create tax breaks for HBCUs to study how to improve environmental outcomes for marginalized communities. HBCUs particularly have a history of uplifting those most marginalized and this bill will continue that tradition.”

The bill was included in the House-passed GREEN Act in the last Congress. Evans said he’s optimistic about the chances of the legislation being included in the Ways and Means Committee’s portion of the “Build Back Better” budget reconciliation package.

  • Facebook
  • Twitter

Leave a Comment

Recent News

Stateside

Biden signs bill to avert government shutdown, aid Ukraine

October 1, 2022

Tweet Share Pin Email By KEVIN FREKING WASHINGTON (AP) — President Joe Biden signed into law Friday...

Education

A message from Superintendent Watlington regarding the shooting outside of Roxborough High School

September 30, 2022

Tweet Share Pin Email Dear School District of Philadelphia staff and families, The School District of Philadelphia...

Entertainment

The Jacksons in concert on September 10

September 30, 2022

Tweet Share Pin Email (Photos/Afea Tucker) The Jacksons — Jackie, Tito, and Marlon, along with a backup...

Diaspora

Puerto Ricans await aid, fret about post-hurricane recovery

September 30, 2022

Tweet Share Pin Email ABOVE PHOTO: A man points to a home that was collapsed by Hurricane...

Go With The-Flo

Lil Wayne is looking to make a big profit from the sale of his waterfront Miami Beach mansion

September 30, 2022

Tweet Share Pin Email ABOVE PHOTO: Lil Wayne (Paul Smith / Featureflash / Shutterstock) By Flo Anthony...

Food And Beverage

What’s Cookin’? Vegan Shortbread Cookies

September 30, 2022

Tweet Share Pin Email Tweet Share Pin Email Related Posts What’s Cookin’? Chewy Five Ginger Spice Molasses...

The Philadelphia Sunday Sun Staff