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CONGRESS OKS STIMULUS WITHOUT ENERGY TAX CREDIT EXTENSION

Friday, February 8, 2008 - 8:00AM

In a disappointing turn, Congress yesterday came to an agreement on an economic stimulus package that does not include the Senate Finance Committee’s suggestion to extend the production tax credit (PTC) for renewable energy. As the bill was sent to President George W. Bush for his signature, some lawmakers indicated their intention to craft a second stimulus measure that could include provisions that were stripped from the package in favor of speedy passage. For more information, tune in on Tax Credit Tuesday to the Novogradac Report on Tax Credits podcast, when Michael J. Novogradac, CPA, will discuss the stimulus package and the fate of the PTC.

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