U.S. Senators Sherrod Brown (D-OH), Charles Schumer (D-NY), Jeff Merkley (D-OR), Robert Casey (D-PA) and Kay Hagan (D-NC) recently introduced a bill (S.3324) to expand and improve the Advanced Energy Manufacturing Tax Credit (48C) program. The bill, entitled the “Security in Energy and Manufacturing (SEAM) Act,” is the companion bill to H.R.5041, introduced in the House by Rep. Phil Hare (D-IL) in April. The legislation would provide an additional $5 billion for the Advanced Energy Manufacturing Tax Credit program, which provides a 30 percent tax credit for the creation of new manufacturing facilities that produce alternative energy components. The text of the legislation is not yet available. Read more…