Posted On:
September 23, 2008
Production Tax Credit Approved by Senate, Heads to House
Today the U.S. Senate approved, by a 93-2 vote, legislation extending the crucial wind energy Production Tax Credit (PTC) through December 31, 2009. The bill, H.R. 6049, also would create a new investment tax credit for purchases of small wind systems used to power homes, farms and small businesses. The bill now moves to the House of Representatives for a vote later this week. This vote is probably the last opportunity to extend the PTC before its current expiration date at the end of this year.
Posted by David J. Petersen, partner practicing in the Sustainability and Real Estate & Land Use Practice Groups.
