A majority of the Senate went on record yesterday against reinstating an expired renewable energy tax credit through the end of the decade.
The 47-51 failure of a nonbinding measure calling for a five-year extension of the production tax credit (PTC) delivered a tough start to the year for supporters of the wind energy industry, the credit's primary beneficiary. The credit lapsed at the beginning of the year, and industry supporters hope to see a longer term extension or phaseout of the credit enacted as part of comprehensive tax reform or an "extenders" package, which typically provides a temporary extension for numerous expired credits at once.
Read More......
