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BILL WOULD EXTEND ENERGY PRODUCTION TAX CREDIT THROUGH 2012

Wednesday, May 9, 2007 - 7:00AM

Sen. John Thune, R-S.D., last week introduced S. 1291, the Wind Energy Development Act of 2007, to extend and modify the renewable energy production credit. The measure would extend through 2012 the current renewable energy production tax credit (PTC), which is set to expire in 2008. S. 1291 would also increase the amount of available clean renewable energy bonds to $2.25 billion.

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