Recent News

Wednesday, July 1, 2020

The House of Representatives today approved a sweeping infrastructure bill, voting to send the $1.5 trillion legislation to the Senate. The Moving Forward Act (H.R.

Monday, June 29, 2020

A bipartisan group of 48 members of the House of Representatives submitted a letter requesting that House leadership delay the phasedown of the renewable energy investment tax credit (ITC) and the Section 25D residential energy-efficient tax credit, due to the effects of the COVID-19 pandemic. The letter cites the fact that the clean energy industry has lost jobs since the start of the phasedown and requests a delay in the phasedown of the credits.

Thursday, June 25, 2020

Rep. Mike Thompson, D-Calif., and 47 members of the House of Representative today introduced sweeping energy legislation that includes provisions that would extend and expand the renewable energy investment tax credit (ITC) and production tax credit (PTC). The Growing Renewable Energy and Efficiency Now (GREEN) Act would extend the ITC at 30 percent through 2025 before beginning a phasedown to 10 percent beginning in 2026.

Monday, June 22, 2020

Sweeping infrastructure legislation released today in the House of Representatives includes provisions to establish a permanent minimum 4 percent rate for the low-income housing tax credit (LIHTC), increase the annual LIHTC allocation amount, temporarily reduce the 50 percent test for bond-financed housing to 25 percent and permanently extend the new markets tax credit (NMTC) at $5 billion (with additional allocation in 2020 and 2021).

Tuesday, June 16, 2020

One hundred seventy-nine members of the House of Representatives signed a letter to House leadership Monday, asking for COVID-19-related relief, including a delay in the phasedown of existing renewable energy tax incentives and the option to allow renewable energy tax credits to be received as direct payments.

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