28 Feb '14, 6pm

Another Renewables-Limiting Tax Reform Proposal Launches Into Statis

Another Renewables-Limiting Tax Reform Proposal Launches Into Statis

Here's a quick outline of the proposal's highlights , a section-by-section summary , and fuller explanations by the Joint Committee on Taxation. Broader tax reform is anticipated by just about everyone, but as always the current tax-code complexity means that the devil's in the details. Lee Peterson, senior manager at CohnReznick, offered a summary of Camp's draft proposal, which don't offer any warm embrace for renewables: across-the-board repeals and phaseouts of renewable energy provisions, including a nod to what it claims is the wind industry's own admission that it can live with a 40-percent-reduced credit production tax credit. It also guts provisions and tax credits for biofuel/renewable diesel, energy efficiency, carbon sequestration -- even nuclear, gas, coal, and oil. The proposal also would limit master-limited partnerships to fossil fuels only, keeping that do...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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