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Iowa Wind Official Concerned About Extension Of Tax Credit

Iowa Wind Official Concerned About Extension Of Tax Credit

Wind energy industry officials are concerned the federal government has not moved forward with extending the Production Tax Credit for wind projects.  Iowa Wind Energy Association Executive Director Harold Prior says Senate Finance Chair Max Baucus did not include the PTA in his markup legislation. He says that’s a concern along with time running out and Congress weighed down by other matters like the farm bill.

Prior says he’s hoping a construction provision in the current Production Tax Credit will buy them time to lobby early next year for renewing the credit.

Prior says he’s also hearing rumblings about replacing the production tax credit with a limited partnership type of program used by the oil and gas industry. He says while that might work for smaller wind projects, larger ventures are not fans of it.

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