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| Sen. Ron Wyden (D-Ore.) |
The tax extenders bill proposed Tuesday by Senate Finance Committee Chairman Sen. Ron Wyden (D-Ore.) includes a number of tax credits that incentivize the production of biofuels and various energy efficiency measures for vehicles and homes. The credits had expired at the end of last year.
But Wyden’s bill does not include production tax credits (PTC) for renewable electricity sources such as wind, hydropower and geothermal energy, despite recent pleadings from industry, lawmakers, state governors and others. President Obama had sought PTC renewal in his 2015 budget proposal.
