Schumer says budget deal helps upstate NY fuel cell maker

Sen. Chuck Schumer-File photo

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.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)