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RETC EXTENSION MAY STILL BE POSSIBLE THIS YEAR

Wednesday, October 31, 2007 - 7:00AM

The Senate Finance Committee this week posted on its web site a briefing book prepared to provide the committee with information on energy tax issues. The book contains 15 sections, including one section each on the renewable energy production tax credit (PTC) under Internal Revenue Code (IRC) Section 45, and the renewable energy investment tax credit (ITC) under Section 48. Both the House and Senate considered energy legislation this summer that would have extended the renewable energy tax credits (RETCs) and reports indicate that negotiations on these provisions are ongoing, but it remains unclear whether extensions will be passed this year.

To hear the latest on the legislative progress of extensions for the production and investment RETCs, join Novogradac & Company LLP at the Financing Renewable Energy Conference: Using Tax Credits to Finance Solar, Wind, and Other Renewable Sources, November 8-9 in Miami, Fla.

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