Thursday, June 12, 2008

AAEA Promotes Expensing As Environmental Justice Tool

AAEA is promoting expensing as a mitigation tool in addressing environmental justice issues. Specifically we are pushing federal legislation that would allow business purchasers of homes in Turner Station to expense the cost. Expensing is a tax depreciation tool where the investor can write off the value of an asset in the year that it is purchased instead of spread it out over years. Turner Station is an at-risk community in Baltimore, Maryland that is surrounded by serious pollution sites.

AAEA is working directly with Turner Station activists to get the community bought out. Expensing would also allow for those who want to stay to remain in their residences, although we cannot understand why anyone would want to live in this heavily polluted industrial zone.

AAEA recently testified at a FERC Hearing and described its recommendations for Turner Station in relation to the proposed AES Sparrow's Point liguefied natural gas (LNG) proposal.

We will be meeting with members of the Maryland Congressional delegation to request introduction of the legislation. We want expensing up to $200,000 per residence. The members include Senators Barbara Mikulski and Benjamin Cardin and Representatives Elijah Cummings and Dutch Ruppersburger.

Photo: Phyllis Seward & Maxine Seward

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