Friday, September 21, 2012

Wind Production Tax Credit Update

The Rules Committee of the U.S. House of Representatives reportedly has tossed out two wind tax credit amendments that sponsors wanted attached to a bill aimed at stripping the federal government's authority to regulate greenhouse-gas emissions. The amendments would have extended the wind tax credit through 2016.  A one-year extension of the production tax credit for wind attached to a separate tax bill has passed the Senate Finance Committee and is awaiting action by the full Senate. No date has been set for a vote, but Senate Majority Leader Harry Reid (D-Nev.) reportedly has said on several occasions that he wants to get the bill passed before the current Senate session adjourns. Read more

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