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WIND PRODUCTION TAX CREDIT EXTENSION INTRODUCED IN HOUSE

Monday, March 14, 2011 - 7:00AM

Rep. William "Mac" Thornberry, R-Texas, on March 10 introduced a bill that would extend the wind production tax credit (PTC) for 10 years. The No More Excuses Energy Act of 2011 (H.R. 1023), would extend the PTC until January 1, 2023. The bill, among other things, would also expand fossil fuel drilling in the Gulf Coast and Alaska. Upon introduction, H.R. 1023 was referred to the Committee on Natural Resources, Committee on Ways and Means, and the Committee on Energy and Commerce.

Tune in to next week’s Tax Credit Tuesday podcast for more information about H.R. 1023. The future of the production tax credit will also be one of numerous topics discussed at the Financing Renewable Energy Conference, April 28-29, in San Francisco, Calif.

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