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BILL WOULD INCREASE FUNDING FOR RURAL ENERGY PROJECTS

Tuesday, February 15, 2011 - 8:00AM

Rep. Jeff Fortenberry, R-Neb., on January 12 introduced a bill that would exempt Rural Energy for America Program (REAP) grants from the production tax credit (PTC) offset. The Rural Energy Equity Act of 2011 (H.R. 277) would exempt rural properties that receive PTCs from having their REAP funding reduced by up to 50 percent. The bill was referred to the House Committee on Ways and Means. Tune in to next week’s Tax Credit Tuesday podcast to hear more about the measure.

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