News
Wind energy PTC snubbed in congressional talks on tax extenders
The Senate Finance Committee met this week to discuss the importance of extending expired or soon-to-expire energy tax provisions. Based on similar recent hearings, expectations were that the production tax credit (PTC) for wind energy would figure prominently in the talks.
June 14, 2012
by Laura DiMugno
in North American Windpower
The Senate Finance Committee met this week to discuss the importance of extending expired or soon-to-expire energy tax provisions. Based on similar recent hearings, expectations were that the production tax credit (PTC) for wind energy would figure prominently in the talks.
Committee Chairman Sen. Max Baucus, D-Mont., led off the hearing hoping to spur a conversation on how reforming the tax code could reduce the nation's reliance on fossil fuels and add more wind power to the mix.
"We are still too reliant on fossil-based energy resources - 94 percent of the energy used in the transportation sector comes from oil," Baucus... [continue via Web link]
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Tax Breaks & Subsidies
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