News

Tax Credit for Wind Energy Is Truly Up in the Air

Location:
28th November 2013  To: 28th November 2013

With Capitol Hill focused on big-ticket items like the budget and the farm bill, lawmakers appear to have largely forgotten about the wind-production tax credit, which is set to expire at the end of this year.

Leaders of the wind-power industry say they hope legislators will come together to save the credit, known as the PTC, from disappearing, either as part of an overhaul to the tax code or a tax-extenders package. But opposition is fierce, and growing stronger, with conservative groups and oil and gas industry stakeholders lining up against any effort to rescue the subsidy.

"This is an extremely important issue to the industry and we're looking for an extension of the PTC. Right now we're in discussions with the committees around the larger issue of comprehensive tax reform," Tom Kiernan, CEO of the American Wind Energy Association, reportedly told National Journal Daily, referring to efforts by the House Ways and Means and Senate Finance committees to develop tax-reform legislation.

Url: www.nationaljournal.com/daily/tax-credit-for-wind-energy-is-truly-up-in-the-air-20131126

 

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