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Renewable Energy Tax Credit News Briefs – September 2019

The renewable energy investment tax credit (ITC) would be extended five years under legislation introduced July 25 in both the House of Representatives and the Senate. The Renewable Energy Extension Act of 2019 would provide a five-year extension for both the ITC and the Section 25D tax credit for residential energy-efficient property. Barring a change, the ITC will begin a phasedown from 30 percent at the end of this year to a permanent 10 percent in 2022. Rep. Mike Thompson, D-Calif. introduced the bill in the House with two Republican co-sponsors, while Sen. Catherine Cortez Masto, D-Nev., was the sponsor in the Senate, with 14 Democrat co-sponsors. A copy of the bill is available at www.energytaxcredits.com.

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A coalition of nearly 1,000 solar companies sent a letter to Congress July 17 calling for multiyear extensions for the renewable energy investment tax credit (ITC) and the Internal Revenue Code Section 25D credit for residential energy efficient property. The Solar Energy Industries Association headlined the effort.

Journal Category:

Renewable Energy Tax Credits

Authors:

Novogradac

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