USA:

House of Representatives Approves PTC Extension (Bloomberg BNA)

US lawmakers vote to reinstate renewable energy tax credits through the end of 2014, rather than a multi-year extension as the renewable energy industry had urged

The U.S. House voted yesterday to pass tax legislation that would only extend the wind production tax credit and other energy incentives through the end of 2014, a move that clean energy advocates said would result in lost jobs and halt new projects.

The $42 billion bill (H.R. 5771) also would retroactively extend other energy tax credits that expired at the end of 2013, including a $1 per-gallon credit for biodiesel and renewable fuel, as well as credits for cellulosic biofuel makers and certain energy efficiency improvements.

The House passed the bill by a vote of 378-46.

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