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BILL INTRODUCED TO MAKE PTC PERMANENT

Friday, June 28, 2013 - 7:00AM

Yesterday, Rep. Jan Schakowsky, D-Ill., introduced legislation that would permanently extend the renewable energy production tax credit (PTC) for wind, geothermal, hydro and marine power. If enacted, H.R. 2539, the Prioritizing Energy Efficient Renewables (PEER) Act, would also eliminate the tax credit for intangible drilling costs, the domestic manufacturing tax credit for oil and gas and the percentage depletion credit for oil and gas wells.

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