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Congressmen Introduce Bill to Repeal PTC

Thursday, April 23, 2015 - 7:00AM

Rep. Kenny Marchant, R-Texas, and Rep. Mike Pompeo, R-Kan. this week introduced the PTC Elimination Act (H.R. 1901) to phase out and repeal the production tax credit (PTC) for renewable energy sources. The PTC expired in December, but a new Congress could extend or modify it. H.R. 1901 calls for a repeal of the “entirety of the PTC’s statutory framework … after Dec. 31, 2025, to put a hard stop date on credits and deter extenders.” The bill was referred to the House Ways and Means Committee.

Tune into the April 28 episode of the Tax Credit Tuesday podcast for more information.

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