26 Jun '14, 9pm

302 Clean Energy Groups Urge Congress To Pass Stalled Tax Extenders Bill - North American Windpower

302 Clean Energy Groups Urge Congress To Pass Stalled Tax Extenders Bill - North American Windpower

Although some political leaders have suggested Congress won't take on a stalled tax extenders bill until after the November elections, a coalition of 302 groups is calling for action now, not later. The coalition, representing companies and associations from the renewable energy, energy efficiency and biofuels industries, has issued a joint letter to the heads of Congress. The letter asks for the immediate passage of the EXPIRE Act, legislation that would extend over 50 lapsed tax credits, including several that benefit the coalition members’ respective sectors. For example, the bill includes a two-year extension of the production tax credit (PTC) and wind developers’ option to choose an investment tax credit in lieu of the PTC. The Senate Finance Committee had passed the tax extenders package in April, but the full Senate later halted progress on the legislation amid a pa...

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