Bill would also add tax credit for geothermal
Tax credits cherished by the wind and solar industry remain under a rewrite of the tax code revealed by House Republicans, but the tax overhaul bill would trim the wind energy’s production tax credit by more than a third.
The bill also adds tax credits for other energy sources, such as geothermal, small-scale wind and fuel cells that were left out of a 2015 budget and spending deal.
It’s possible the bill could change quickly, as Representative Kevin Brady, the Texas Republican who chairs the Ways and Means Committee, indicated he may rewrite the bill ahead of a Monday committee vote. Amendments are likely then, too. And then there’s the Senate, which may draft its own, separate legislation.
