Treasury Agrees to Extend Deadline for Wind, Solar Tax Credits

May 7, 2020, 9:55 PM

Treasury Dept agrees to extend a deadline for using production tax credits and investment tax credits used by the wind, solar and other clean energy industries, according to a letter sent to senators who asked for the change.

  • Move would extend a “safe harbor” provision that allows companies that begin construction on a project in 2016 or 2017 to claim the tax credits
  • “Projects that have been waylaid by the economic disruptions of this pandemic can now proceed with more certainty,” Senate Finance Cmte Chairman Chuck Grassley says in statement
  • In addition to Grassley, Republican Senators John Thune and Lisa ...

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