News Home

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

News Watch Home

Payroll tax bill won’t include extension of energy tax credits: US lawmakers  

Credit:  Keith Chu, Platts, www.platts.com 15 February 2012 ~~

An extension of US energy-related tax credits, including the production tax credit for wind power, will not be included in a congressional deal to extend a payroll tax cut that could be released as soon as Wednesday evening, a Republican lawmaker involved in negotiations said.

The PTC and other energy tax credit extensions “never were going to be in it,” said House of Representatives Energy and Commerce Chairman Fred Upton, Republican-Michigan, in a interview.

Upton, who sits on the committee negotiating a payroll tax extension deal, said he hopes an agreement will be finalized later Wednesday.

His Democratic counterpart on the Energy and Commerce Committee, Representative Henry Waxman, of California, also said he did not believe energy tax credits part of the agreement.

The 2.2-cents/kWh PTC is the primary federal subsidy for wind energy production and expires at the end of 2012.

But wind industry officials have said the long lead times necessary for wind farm development mean that a failure to extend the tax credit in the next month or two will halt development for next year. Wind officials have repeatedly said the payroll tax extension represented the best opportunity to extend the PTC without causing a break in the development pipeline.

Industry groups had lobbied for a range of other energy-related tax subsidies to be included in the payroll tax bill, including the $1/gal biodiesel blending credit and the 1603 grant program for renewable energy projects, both of which expired at the end of 2011, although the PTC was seen as most likely to be included in a bill.

Source:  Keith Chu, Platts, www.platts.com 15 February 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.