Wind energy tax credit discarded
A Senate staffer said that in the highly partisan push-and-shove over the payroll tax deduction and cutting federal spending to pay for that, the conference committee ultimately pushed the list of sought-after business credits out of the discussion.
"Bills like this can quickly become Christmas trees with other measures attached in committee and it looks like the conferees ultimately tried to stick to the major issues.
February 16, 2012
by Peter Roper
in Pueblo Chieftain
It's a tax credit that supposedly has no enemies, but that wasn't true as a House and Senate conference committee finished work on a hard-fought tax bill Tuesday night - only to leave out the much-sought-after production tax credit for the wind power industry.
That startling outcome left the Colorado congressional delegation scrambling for a new strategy - along with a new legislative vehicle to carry the wind power credit on behalf of Vestas American Wind Technology, which has four wind turbine plants in Colorado.
Vestas officials have repeatedly warned the Colorado delegation that without the $3.5 billion a year tax credit,... [continue via Web link]