This excerpt taken from the WHR 10-Q filed Nov 4, 2005.
Energy Policy Act of 2005
In August 2005, President Bush signed into law the Energy Policy Act of 2005 (the 2005 Energy Act). The 2005 Energy Act includes a wide-range of energy efficient provisions that will ensure that conservation and efficiency are a central component to the United States energy strategy. Among the many provisions of this legislation are manufacturers tax credits in 2006 and 2007 for the accelerated production of super-efficient washers, refrigerators and dishwashers to meet 2007 Energy Star standards. Whirlpool has historically, and will continue to, invest in innovative and energy efficient products for its customers. The manufacturers tax credit applies to U.S. produced appliances, a provision added by the Congress to promote domestic manufacturing. The Company anticipates that it will utilize the maximum allowable $75 million in tax credits over the two-year period.
NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (CONTINUED)