Wind Energy Tax Credit on the Move

Washington, D.C – July 1, 2004 [] The wind energy production tax credit (PTC), which expired at the end of last year, appears poised to return for a two or three year period. Slightly different versions of the PTC have recently passed both houses of Congress as part of pending corporate tax overhaul legislation. They must now be reconciled, and although House Ways and Means Committee Chairman Bill Thomas (R-Calif.) believes they will be reconciled by July, Senate Finance Committee Chairman Chuck Grassley (R-Iowa) predicts a more difficult process that may extend into September or beyond. The House also passed the Renewable Energy Policy Siting Improvement Act (H.R. 4513) on June 17, which eases the regulatory burden on renewable energy projects including wind generators. Federal agencies would not have to identify alternate project locations and actions when preparing an environmental assessment or impact statement for a proposed renewable energy project. The bill has been referred to the Senate Committee on Environment and Public Works.


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