16 Mar '12, 11pm

Bipartisan group of Senators introduces bill to extend #PTC: #windworks #ecdev #jobs #windpower

U.S. Sens. Chuck Grassley (R-Iowa), Mark Udall (D-Colo.), Scott Brown (R-Mass.), Tom Harkin (D-Iowa), Dean Heller (R-Nev.), Ron Wyden (D-Ore.), and Michael Bennet (D-Colo.) yesterday introduced a bill that would provide a two-year extension of the wind energy production tax credit (PTC) scheduled to expire at the end of the year. The bipartisan proposal would prevent a lapse in the credit. In a news release, the Senators said they hope to have the extension passed as quickly as possible in order to provide tax certainty for the renewable energy sector. “Tax reform efforts might modify or address this incentive in the near future, but the jobs and opportunities provided by wind energy should not be abandoned in the meantime. And limiting the bill’s impact on the deficit can be addressed,” Grassley said. “Tax relief has succeeded in developing this clean, renewable and innov...

Full article: http://www.awea.org/blog/index.cfm?customel_dataPageID_16...

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