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TAX PROVISIONS REMOVED FROM ENERGY BILL PASSED BY SENATE

Friday, December 14, 2007 - 8:00AM

Despite bipartisan support in both houses of Congress, the final version of the energy legislation passed last night by the Senate does not include extensions of the tax credits for renewable energy production or investment. The bill was introduced in Senate with provisions to extend and modify the tax credits, but the tax provisions were removed clear the way for the measure's passage. The Senate approved H.R. 6 by a vote of 86 to 8.The bill will now return to the House for approval before being submitted to the President to be signed into law. Following the passage of H.R. 6, trade groups such as the American Wind Energy Association and the Solar Energy Industries Association expressed plans to continue to lobby Congress to extend the tax credits before they expire in December of 2008.

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