Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Wind Tax Credit Extension Likely in Democrats’ Tax Bill

June 12, 2019, 7:56 PM

An extension of a tax credit for wind projects will likely be in a broad tax bill that House Democrats plan to unveil as soon as next week, House Ways and Means Chairman Richard Neal said.

“I favor extending the wind production tax credit,” said Neal.

A solar investment tax credit extension could be included as well, he said.

The wind tax credit is scheduled to phase out completely in 2020. The solar investment tax credit slated to begin phase-down next year and reach zero for residential solar projects in 2022.

The Ways and Means Committee could vote on legislation ...