WIND’S KEY SUPPORT UNDER ATTACK

Tax Credit for Wind Energy Is Truly Up in the Air

Clare Foran, November 26, 2013 (National Journal)

“…Leaders of the wind-power industry say they hope legislators will come together to save the credit, known as the PTC [set to expire at the end of this year], from disappearing…But opposition is fierce, and growing stronger, with conservative groups and oil and gas industry stakeholders…[A] series of tax-reform proposals [from the Senate Finance Committee], including a plan to end or scale back certain incentives frequently claimed by the oil industry…[made no mention] of renewable energy tax credits…[The House Ways and Means Committee] is also drafting a proposal but has not yet put forward a tax-reform plan…[T]here is no certainty that legislators will be able to find enough common ground necessary to pass a comprehensive [tax code reform] deal…A second option, and one which may be more likely, would be for the credit to be renewed as part of an extenders package…” click here for more

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