At Deadline.(Late News)(wind energy tax credit)
Waste News, September, 2004
Congress passes wind energy tax credit
Renewable energy producers are welcoming back a crucial tax credit for wind energy that is expected to kick the industry back into high gear.
The House and Senate approved reinstating the wind energy Production Tax Credit through 2005 as part of a larger tax package Sept. 24. President Bush is expected to sign the bill. The measure provides a credit of 1.5 cents per kilowatt hour for electricity generated by wind turbines. The credit expired Dec. 31, 2003, severely curtailing investment in wind-energy projects, said Tom Gray, executive director of the American Wind Energy Association. The House and Senate bill retroactively extends the tax credit to Dec. 31.
The extension puts about $3 billion in...
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