WAYS AND MEANS COMMITTEE APPROVES RETC EXTENSIONS
By a vote of 25-12 the House Ways and Means Committee today approved H.R. 6049, the Energy and Tax Extenders Act of 2008. The bill includes a six-year extension of the investment tax credit (ITC) for solar energy; three-year extensions of the production tax credit (PTC) for energy derived from biomass, geothermal, hydropower, landfill gas and solid waste; and a one-year extension of the PTC for energy derived from wind. Click here for more information about the bill.