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PTC EXTENSION BILL INTRODUCED IN HOUSE

Thursday, June 28, 2012 - 7:00AM

Rep. Earl Blumenauer yesterday introduced H.R. 6031, the Wind Powering American Jobs Act. The bill would extend through 2013 the production tax credit for wind energy. H.R. 6031 would also extend until 2014 the option for wind project developers to instead choose a 30 percent investment tax credit. The bill proposes paying for the extension by repealing dual capacity taxpayer benefits for major integrated oil companies.

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