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Renewable Energy Tax Credits News Briefs - November 2016

H.R. 6058, the “Offshore Wind Act,” was introduced Sept. 15 in the House of Representatives. The bill would amend the Internal Revenue Code to extend the 30 percent investment tax credit (ITC) for offshore wind developments for six additional years. The ITC would be extended through 2025. H.R. 6058 has 15 co-sponsors, all of whom are Democrats, including Ways and Means Committee member Rep. Bill Pascrell of New Jersey. Its companion bill in the Senate is S. 3036. The Offshore Wind Act is available at www.energytaxcredits.com.

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U.S. Secretary of the Interior Sally Jewell and other government officials held a news conference and signing ceremony Sept. 14 for the Desert Renewable Energy Conservation Plan at the Santa Rosa & San Jacinto Mountains National Monument Visitor Center in Palm Desert, Calif. Jewell’s announcement included information on Phase 1 of the Desert Renewable Energy Conservation Plan, an innovative, landscape-level renewable energy and conservation planning effort covering 10 million acres of public lands management by the Bureau of Land Management in the California desert. This first phase is part of a larger, comprehensive effort to provide a blueprint across 22 million acres of public and private land in California’s desert region for streamlining renewable energy development. The plan is part of President Barak Obama’s Climate Action Plan to create jobs, cut carbon pollution and develop clean domestic energy. 
 

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