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Schumer says budget deal helps upstate NY fuel cell maker

February 9, 2018

ALBANY, N.Y. (AP) — U.S. Sen. Chuck Schumer says the bipartisan budget deal approved by Congress will help an upstate New York fuel cell company.

The Democrat says the budget deal will retroactively reinstate and extend a 30 percent investment tax credit for fuel cells.

Schumer says that will allow companies like Plug Power near Albany to reduce their income taxes by 30 percent of their investment in a fuel cell product.

Schumer says the tax break extended through 2022 will help the fuel cell maker thrive.

Congress passed the budget deal early Friday.

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